Today’s Analysis

    10 September 2024
    Gold prices stable as investors prepare for US inflation report

    Key points: Spot gold remains flat at $2,504.98 per ounce as of 0027 GMT. Fed funds futures price in a 70% chance of a 25-basis-point interest rate cut in September. Gold prices remained stable on Tuesday as investors awaited critical …

    9 September 2024
    Gold prices silences as markets await key Fed decision on rate cuts

    Key Points: Gold prices held near $2,500 per ounce as markets speculated on the Fed’s upcoming interest rate decision. Mixed U.S. jobs data, with fewer jobs added than expected, but rising wages and steady unemployment at 4.2%. Market participants are …

    9 September 2024
    Oil prices rebound as U.S. Gulf coast braces for hurricane

    Key Points: Oil prices jumped in the Asian session following the steep selloff.. Weather concerns, including a potential hurricane approaching the U.S. Gulf Coast contributed to the rebound. Oil prices made a sharp recovery as the threat of a hurricane …

    9 September 2024
    Japan’s Nikkei drops 3% as tech stocks track Wall Street’s decline

    Key points: Japan’s Nikkei index fell 3.02%, breaking below 36,000 for the first time since mid-August. Chipmaker Renesas and Lasertec fell sharply by 7.72% and 8.15%, respectively. Japan’s Nikkei 225 index dropped 3.02% on Monday, falling to 35,292.62 as of …

    9 September 2024
    Dollar holds steady while yen slips amid ongoing Fed rate-cut debate

    Key points: Dollar stays within range: USD remains steady with the DXY index at 101.21. Yen drops: USDJPY fell 0.26% to 142.65, paring last week’s gains. The dollar held steady on Monday as investors remained uncertain about the size of …

    6 September 2024
    NZDUSD holds steady as U.S. jobs data looms

    Key Points: NZDUSD remained stable at $0.6221 U.S. jobs data expected to determine the likelihood of a 50-basis-point Fed rate cut in September. The Reserve Bank of New Zealand is forecasted to cut rates again in October, but improved confidence …

    6 September 2024
    Rupee hovering at weak levels as dollar struggles before key U.S. jobs data

    Key Points: The Indian rupee is expected to remain near its weakest of 84 due to limited volatility. U.S. jobs data will likely determine whether the Federal Reserve will cut rates by 25 or 50 basis points in September. RBI …

    6 September 2024
    Wheat and soybean retreat as supply issues loom

    Key Points: Wheat and soybean pull back after a short-covering rally, remaining near multi-week highs. Global supply concerns persist due to poor European production and U.S. Midwest weather stress. Traders brace for further price action amid strong speculative activity. This …

    5 September 2024
    Oil prices lay flat on weak demand and OPEC+ supply delays

    Oil prices lay flat after sell-off, balancing weak demand and possible OPEC+ production delay. Traders watch OPEC+ decisions and US crude stock data as global demand concerns persist. -vtmarkets.com

    5 September 2024
    Dollar falters as rising bets suggest a larger Fed rate cut

    The U.S. dollar dipped on Thursday as traders raised their expectations of an outsized rate cut from the Federal Reserve later this month. Concerns over the U.S. economy’s growth outlook, following weaker-than-expected data, have pushed investors toward safe-haven currencies like …

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