Monthly Archives: August 2026
S&P 500 rebounds as tech shares lead market recovery
Written on August 20, 2026 at 2:23 am, by josephine
The S&P 500 rallied with tech shares like Nvidia surging. Biden’s decision not to seek re-election adds volatility. Read more on the latest market trends and forecasts.
Copper prices slide on China demand concerns
Written on August 20, 2026 at 2:23 am, by josephine
Copper prices fell low as physical demand in China weakens. Some market optimism remained due to the prospect of infrastructure and renewable energy investments.
Yen climbs as investors pull back from risky trades
Written on August 20, 2026 at 2:23 am, by josephine
Key points On Thursday, the yen experienced a rise, drawing support from the unwinding of carry trades ahead of the Bank of Japan’s (BOJ) policy meeting next week. This comes as a rotation out of megacap growth stocks dampened risk appetite broadly, providing safe haven bids for the Japanese currency. Yen surges amid BOJ rate Continue Reading
Gold falls as investors wait for U.S. economic data
Written on August 20, 2026 at 2:23 am, by josephine
Gold prices fell nearly 1% on Thursday as investors took profits ahead of key U.S. economic data. Spot gold dropped 0.9% to $2,377.29 per ounce by 0217 GMT, while U.S. gold futures declined 1.6% to $2,376.70.
Tesla stock drops as Q2 profits halve
Written on August 20, 2026 at 2:23 am, by josephine
Tesla stock falls following Q2 earnings miss. CEO Elon Musk forecasts a $5 trillion valuation with robotaxis. Read more for market implication.
US dollar gains momentum as euro dips below its weekly peak
Written on August 20, 2026 at 2:22 am, by josephine
Key points: The EURUSD pair moved lower as technical traders took control in a week lacking major economic news. The euro dipped below $1.0850, extending its decline from the $1.09 level. This marks the second consecutive day of negative performance for the pair, which is now down approximately 100 pips from its mid-July peak of Continue Reading
US GDP growth boosts crude oil demand despite Asian challenges
Written on August 20, 2026 at 2:22 am, by josephine
Brent crude futures for September increased by 7 cents, reaching $82.44 per barrel as of 0014 GMT. Similarly, US West Texas Intermediate (WTI) crude for September rose by 4 cents, hitting $78.32 per barrel.
Yen poised for best weekly gain in three months as carry trades unravel
Written on August 20, 2026 at 2:22 am, by josephine
The yen (USDJPY) dominated currency markets this month, climbing to a near three-month high of 151.945 per dollar on Thursday. This is a major shift from its 38-year low of 161.96 per dollar at the start of the month. By Friday, the yen was at 153.66, set for a 2.5% rise for the week.
Canadian dollar dips in anticipation of key economic data releases
Written on August 20, 2026 at 2:22 am, by josephine
CAD weakens against USD as the markets await the May manufacturing and wholesale sales data of Canada. Read more for forecasts and the market implications.
Nasdaq 100 hits 7-week lows during tech rout
Written on August 20, 2026 at 2:22 am, by josephine
The Nasdaq composite falls to its lowest level since early June, marking its worst two-day drop since September 2022. Read more to find out about the market implications and outlook.
