Monthly Archives: August 2026
Gold slips as dollar strengthens; investors await Fed rate signals
Written on August 20, 2026 at 2:28 am, by josephine
Spot gold prices decreased by 0.2% to $2,407.29 per ounce as of 0049 GMT. Concurrently, U.S. gold futures saw a 0.4% decline to $2,411.20. Learn how the firming dollar, spurred by political uncertainties and an attack on U.S. presidential candidate Donald Trump, made gold more expensive for buyers holding other currencies.
Nasdaq and tech stocks plunge as inflation data spurs sell-off
Written on August 20, 2026 at 2:28 am, by josephine
Tech stocks tumbled, leading the Nasdaq Composite to drop 2% as easing inflation data spurred a sell-off. Tech giants lost over $600 billion valuation.
US Dollar retreats on cooling inflation data, Euro and Pound surge
Written on August 20, 2026 at 2:27 am, by josephine
US dollar retreats as cooling inflation fuels rate cut speculation. Euro and pound surge while volatility spikes for yen. More about the market implications and forecasts.
Asian currencies face challenges as markets react to Trump attack fallout
Written on August 20, 2026 at 2:27 am, by josephine
The dollar index (DXY) last traded at 104.210 against a basket of major currencies. Despite the holiday in Japan halting cash U.S. Treasuries trading, the 10-year Treasury futures trended lower.
Gold prices stay steady as optimism about U.S. rate cuts boosts the market
Written on August 20, 2026 at 2:27 am, by josephine
Key points Gold prices have shown resilience, holding their ground at $2,422.12 per ounce as of 0021 GMT. This follows Monday’s peak of $2,449.89 per ounce, the highest level since May 20. In the futures market, U.S. gold dipped by 0.1% to $2,425.60, reflecting a cautious yet optimistic sentiment among traders. See: Gold prices trading Continue Reading
Australian and NZ dollars rise against the yen but fall against the dollar
Written on August 20, 2026 at 2:27 am, by josephine
Key points The Australian dollar climbed 0.2% to 106.98 yen, marking a rebound after four consecutive sessions of declines. This recovery came after suspected intervention from Tokyo last week, which disrupted the popular carry trade, where investors borrow in a low-interest currency like the yen to invest in higher-yielding assets. The intervention saw the Aussie Continue Reading
GBPUSD reaches one-year high on positive UK and negative US economic data
Written on August 20, 2026 at 2:27 am, by josephine
Key Points: The British pound (Symbol: GBPUSD) floated to a one-year high of $1.2985, driven by favourable economic data from both the UK and the US. The pair opened the week with positive momentum as forex traders responded to unexpected growth in the UK and easing inflation in the US. Picture: GPBUSD reaches one-year high, Continue Reading
Google eyes $23 billion acquisition of cybersecurity firm Wiz
Written on August 20, 2026 at 2:27 am, by josephine
Key Points: Google (Symbol: GOOG) is reportedly in discussions to acquire cybersecurity firm Wiz for $23 billion. This acquisition, if completed, will mark the largest ever purchase of Google, surpassing its $12.5 billion acquisition of Motorola Mobility in 2012. The deal highlights a strategic push from Google to enhance its cloud computing and cybersecurity offerings, Continue Reading
Dollar falters as Fed rate cuts approach
Written on August 20, 2026 at 2:27 am, by josephine
Key points: The dollar experienced a mixed performance on Wednesday following a brief boost from better-than-expected U.S. retail sales data. Traders remained focused on the prospect of Federal Reserve rate cuts potentially as early as September. The New Zealand dollar (NZDUSD) rose as data revealed higher-than-expected non-tradable inflation in the second quarter, despite the headline Continue Reading
NZ dollar rises despite rate cut expectations and high inflation
Written on August 20, 2026 at 2:26 am, by josephine
Key points: The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline figures eased to a three-year low. Despite this, markets continue to expect around three rate cuts by the end of the year. See: Kiwi on the rise, trading at 0.60744 as seen on the VT Markets app. New Zealand’s Continue Reading
