Monthly Archives: August 2026
Indonesian foreign exchange reserves hit record highs
Written on August 20, 2026 at 2:31 am, by josephine
The foreign exchange reserves of Indonesia surged, driven by robust tax revenues and foreign loan withdrawals. Learn how this helps the economic stability in Indonesia.
Tesla stock surges on strong Q2: Musk reclaims title of wealthiest person
Written on August 20, 2026 at 2:30 am, by josephine
Stock price of Tesla rebounds by 75%, driven by strong Q2 delivery figures. Elon Musk reclaims the top spot among the rich in the world, with a net worth of $252 billion.
Aussie approaches six-month high despite diverging rate expectations
Written on August 20, 2026 at 2:30 am, by josephine
The Australian dollar (AUD) is nearing a six-month high due to yield differentials and prospects of a Federal Reserve rate cut. The New Zealand dollar (NZD) faces an important central bank policy meeting.
Japan’s Nikkei edges higher with profit-taking and market adjustments
Written on August 20, 2026 at 2:30 am, by josephine
The Nikkei share average saw modest gains on Monday, tempered by profit-taking following last week’s record highs. Market sentiment remains cautious with key economic data on the horizon.
US dollar declines as job growth slows
Written on August 20, 2026 at 2:30 am, by josephine
The US dollar weakens in the face of softer job growth and expectations of potential rate cuts. Upcoming testimony by Jerome Powell may provide deeper insights.
Gold edges higher as focus turns to Fed Powell’s testimony
Written on August 20, 2026 at 2:30 am, by josephine
Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.
Rupee will rely on Powell’s testimony to end deadlock
Written on August 20, 2026 at 2:30 am, by josephine
Key points The Indian rupee is poised to open largely unchanged on Tuesday as traders eagerly await Federal Reserve Chair Jerome Powell’s testimony before Congress. The rupee’s movement has been constrained within a broad range of 83.35-83.60 against the U.S. dollar for over a month, reflecting a period of consolidation amid global economic uncertainties. Opening Continue Reading
Wheat and soybean prices stabilise with improved crop conditions
Written on August 20, 2026 at 2:29 am, by josephine
Wheat and soybean prices steadied after sharp declines as better-than-expected crop conditions are reported. Read more for the forecast and trading opportunities.
Dollar strengthens on Powell’s caution; Kiwi weakens post-dovish central bank
Written on August 20, 2026 at 2:29 am, by josephine
Key points: Dollar firms on Powell’s caution See: Dollar index trading at 104.768 as seen on the VT Markets app. Powell highlighted a cooling job market, indicating that the Fed faces “two-sided risks” and cannot focus solely on inflation. This statement underpinned the dollar’s rebound, with the dollar index (DXY), which measures the U.S. currency Continue Reading
Nasdaq and S&P 500 hit new highs as jobs data spurs rate cut hopes
Written on August 20, 2026 at 2:29 am, by josephine
Nasdaq and S&P 500 soar to fresh records on optimism sparked by a cooling labor market. Upcoming CPI data and Powell’s speech could influence future rate cuts.
