Market trading news and analysis

Markets are increasingly confident that the Reserve Bank of Australia (RBA) will cut interest rates at its 20 May policy meeting, with cash rates futures pricing as of May 19th suggesting a 96% chance of a 25 basis point reduction.

Moody's downgrade of US debt reignites the "sell America" trade, allowing gold to regain some bullish appetite

Oil prices are drifting lower as global markets contend with a classic supply-demand double whammy. A confluence of weaker demand—driven by US trade policy—and a surge in supply from OPEC and potentially Iran, is exerting sustained downward pressure on crude benchmarks.

The UK economy grew more than expected in Q1 despite warnings about a recession, but the outlook remains clouded by the threat of tariffs

Risk assets are pushing higher as investor optimism builds around the prospect of easing trade tensions between the US and key global partners.

The positive developments in US and China talks has led to improved market sentiment, weighing on traditional safe havens like the yen

Global markets rallied to start the week on signs of renewed diplomatic momentum between the United States and China, following constructive messages from both sides during high-level trade talks in Switzerland.

Australia’s labour market and wages data for the March quarter and April month are set to take centre stage this week, with implications for the Reserve Bank of Australia's (RBA) upcoming interest rate decision on May 20.

Discover the Barrick Gold (GOLD) price predictions for 2025 and beyond, with analyst price targets and more on Capital.com

The US dollar to Japanese yen (USD/JPY) rate is down approximately 9.41% year-to-date after the yen closed at 142.8790 per dollar on 25 April 2025 – marking one of JPY’s strongest levels versus USD since September 2024, and around 11.77% below its July 2024 high of 161.942.