Monthly Archives: August 2026
Euro holds near two-and-a-half-month high as softer US yields offset hawkish Fed minutes
Written on August 20, 2026 at 2:19 am, by josephine
EUR/USD climbed near 1.1678 as softer US yields and ECB hike bets outweighed hawkish Fed minutes.
Gold eases as profit-taking takes place, but rate-cut bets provide support
Written on August 20, 2026 at 2:19 am, by josephine
Gold prices eased as profit-taking takes place but worries about recession and rising expectations of US interest rate cuts limited its downside.
Rupee may drop to near 84/USD; RBI intervention likely
Written on August 20, 2026 at 2:19 am, by josephine
The Indian rupee is poised to weaken on Tuesday, with forecasts indicating it could reach an all-time low against the U.S. dollar. The non-deliverable forwards (NDF) market suggests that the rupee (USDINR) will open at 83.97-83.99 to the dollar, slipping past Monday’s close and lifetime low of 83.8450.
Strong yen brings down Japan Inc’s high-flying success
Written on August 20, 2026 at 2:19 am, by josephine
In just three trading sessions, the Nikkei share average (NI225) has lost a fifth of its value. On Monday, it tumbled 12.4%, marking its second-largest decline on record and its biggest since the Black Monday crash of October 1987.
EURUSD rallies on weak US jobs data: Best day since November 2023
Written on August 20, 2026 at 2:19 am, by josephine
EURUSD surged 1.3% as weak US nonfarm payrolls data fueled expectations of a significant Fed rate cut. Read more to understand the market opportunities and risks.
US stock market rebound after major market selloff during recession fears
Written on August 20, 2026 at 2:18 am, by josephine
US stock market rebounds after a steep selloff, driven by recession fears and global market volatility. Notable tech giants like Microsoft and Tesla see major declines.
Dollar steady, yen wobbles as traders assess rate cut bets and carry trades
Written on August 20, 2026 at 2:18 am, by josephine
The dollar held its ground on Wednesday, while the yen retreated from a seven-month peak. Currency markets stabilised after a turbulent start to the week driven by recession fears and the unwinding of carry trades.
Asia stocks rise, yen retreats after BOJ rules out rate hikes
Written on August 20, 2026 at 2:18 am, by josephine
Asian share markets extended their gains on Wednesday, with a notable rise in the Nikkei. This surge followed the Bank of Japan’s unexpected indication that it would not raise interest rates while markets remain volatile, leading to a sharp fall in the yen.
Airbnb Q2 2024 earnings with EPS miss and revenue beat
Written on August 20, 2026 at 2:18 am, by josephine
Airbnb reports Q2 2024 earnings with an EPS of 86 cents, missing estimates, but beats revenue expectations with $2.75 billion. Read more about the market implications.
Australian dollar rises on hawkish hold from the RBA
Written on August 20, 2026 at 2:18 am, by josephine
The Australian dollar appreciates to near one-week high after RBA maintains cash rate at 4.35% and warns inflation remains high. US Fed rate cuts also influence the Aussie.
