Copper prices dipped with a stronger dollar but are set for the first weekly gain in five weeks. Increased physical demand offers support as markets stabilise.
Gold on track for its second straight weekly gain. Weak U.S. economic data boosts Fed rate cut expectations. Gold prices remained stable on Friday, maintaining momentum for a second consecutive weekly gain. This trend is driven by weak economic data …
Key points: The Australian dollar hits a 17-year high against the yen and a one-year top on the euro. The Reserve Bank of Australia (RBA) holds rates steady at 4.35% while warning of potential inflation risks. The Australian dollar experienced …
Key points: The Nasdaq Composite hits its sixth consecutive record close. Microsoft, Apple, and Nvidia reach new highs, contributing to market optimism. The Nasdaq Composite (Symbol: NAS100) continues its impressive run, setting a record high for the sixth consecutive session. The …
Key points: Wheat prices dipped to a two-month low with an improved global supply outlook. Soybean prices also declined, reflecting easing weather concerns. Increased wheat production forecasts from major exporters like Russia and Argentina. Wheat prices (Symbol: Wheat-C) fell on …
Key points: Sterling last bought $1.2719 Dollar slipped 0.05% against the yen to 157.99 Euro rose 0.03% to $1.0747 The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, …
Key points: Loonie touches a one-week high at 1.3699 BoC minutes reveal the bank considered delaying rate cuts Price of U.S. oil dips 0.1% Bond yields rise across the curve The Canadian dollar held its ground against the U.S. dollar …
Key points: Japan’s Nikkei closes 0.23% higher, influenced by Nvidia’s strong performance. Profit-taking in the afternoon curbed further gains despite positive sentiment. Japan’s Nikkei share average ended higher on Wednesday, following an overnight rally in Wall Street’s semiconductor stocks. Nvidia’s …
Key points: USD/JPY pair surged as the Bank of Japan leaves interest rates unchanged. Lack of forward-looking guidance leads to a sharp decline of the Japanese yen. Bank of Japan to begin reducing its ¥6 trillion monthly bond-buying program. This …
Key points: Further US economic weakness expected to lift gold prices. May US retail sales softer than anticipated. Weekly jobless claims data due on Thursday. Gold prices edged higher on Wednesday following weaker-than-expected US retail sales data, bolstering hopes that …
