Monthly Archives: August 2026
Gold prices edge lower in anticipation of key US inflation data
Written on August 20, 2026 at 2:35 am, by josephine
Key points: Gold prices (Symbol: XAUUSD) edged lower on Tuesday, with the markets anticipating key US inflation data, namely the personal consumption expenditures index (PCE). The PCE announcement on Friday could shed light on the stance of the Federal Reserve on interest rate cuts. Gold prices declined to $2,324.69 per ounce, driven by a surge in the Continue Reading
Japan’s Nikkei climbs to mid-April high on value stock surge and weaker yen
Written on August 20, 2026 at 2:35 am, by josephine
Key points: Japan’s Nikkei share average closed on Tuesday at its highest level in more than two months, marking a significant rally to 39,173.15, a 0.95% increase. The broader Topix climbed 1.72% to 2,787.37. This upswing reflects a shift in investor focus towards value stocks, moving away from semiconductor and other high-tech shares. The rally Continue Reading
Nvidia boosts stock gains; Dollar edges higher against yen
Written on August 20, 2026 at 2:34 am, by josephine
Key points Global stock indexes mostly climbed on Tuesday, with shares of AI chipmaker Nvidia bouncing after a three-day sell-off, while the dollar gained slightly against the Japanese yen. Nvidia’s stock (NVDA) ended up 6.8%. The Nasdaq jumped more than 1%, also ending a three-day losing streak, while the S&P 500 technology (S5INFT) and communication Continue Reading
Aussie rallies on inflation surprise and rate hike speculations
Written on August 20, 2026 at 2:34 am, by josephine
Key points The Australian dollar surged higher on Wednesday after data revealed that inflation accelerated much more than expected in May. This development impacted bonds as investors priced in a greater risk of another increase in interest rates. Inflation surges to 4.0% in MayThe monthly consumer price (CPI) report showed annual inflation rose to 4.0% Continue Reading
Silver shines bright as the best-performing commodity of 2024
Written on August 20, 2026 at 2:34 am, by josephine
Silver prices (Symbol: XAGUSD) have been on an upward trajectory in 2024 with 21% year-to-date, making it one of the best-performing commodities this year. Silver has outperformed its metallic counterparts, gold and copper, as well as the S&P 500 index. The image above shows the how silver has ralled in 2024, as observed on Continue Reading
Dow Jones outperforms as tech stocks slump alongside broad market selloff
Written on August 20, 2026 at 2:34 am, by josephine
Key Points: The Dow Jones Industrial Average (Symbol: DJ30) showcased a robust performance, defying the broader market trend where technology stocks led a significant selloff. This divergence highlights a notable rotation from tech-heavy sectors to more stable consumer businesses, including energy and banking. The image above shows the performance of the Dow Jones Industrial Average, Continue Reading
Japanese yen nears 38-year low as markets eye intervention and US inflation data
Written on August 20, 2026 at 2:34 am, by josephine
Key points: This article is a follow-up to: JPY plummets with silence on rate hike timeline from the BoJ The Japanese yen remained near a 38-year low against the US dollar, trading just below 160.88, its weakest level since 1986. The decline of the Japanese yen, about 12% for the year, highlights the widening interest Continue Reading
Oil prices fall with US inventory increase
Written on August 20, 2026 at 2:34 am, by josephine
WTI and Brent crude oil prices fall due to unexpected rise in US inventories and market caution ahead of the US PCE data. Geopolitical tensions add to supply concerns.
Wheat poised for largest monthly decline in 2 years due to harvest pressure
Written on August 20, 2026 at 2:34 am, by josephine
Key points: The most active wheat contract on the Chicago Board of Trade (CBOT) held steady at $5.79-1/2 a bushel as of 0034 GMT. Corn rose by 0.2% to $4.23-1/4 a bushel, and soybeans increased by 0.2% to $11.07-1/4 a bushel. Wheat prices have fallen close to 15% in June, marking the most significant decline Continue Reading
Q4 revenue of Nike falls following decrease in North American footwear sales
Written on August 20, 2026 at 2:33 am, by josephine
Key points: The latest financial results of Nike (Symbol: NKE) revealed a challenging quarter marked by a decline in revenue and significant drops in sales within its key North American footwear market. The stock price fell 5.5% in post-market trading, reaching $89.00 per share, and has declined 14% since the beginning of the year. This Continue Reading
