China’s DeepSeek R1 AI Model Sparked Risk-off Across the Board

Key insights from the week that was. In Australia, the Q4 CPI printed 0.6% (4.1%yr) for headline inflation and 0.8% (4.2%yr) for core trimmed mean inflation, meaningfully lower than the RBA’s forecast of 4.5%yr across both indicators. The detail of the report confirmed disinflation’s pace is faster than expected and it has breadth. Indeed, the […]

The Japanese yen is experiencing a notable decline against the US dollar, with the USD/JPY pair currently hovering around 151.88 on Tuesday. Despite the US dollar’s instability, driven primarily by fluctuations in Treasury bond yields, the yen faces significant downward pressure. Market participants remain cautious, particularly as the USD/JPY pair approaches levels that had previously […]

Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring the local highs of late September, while Bitcoin continues to climb. The pause in overall growth has led to a 2-point dip in the Cryptocurrency Market Sentiment Index, now at 71—still reflecting a high level of greed. Bitcoin is currently […]