Monthly Archives: August 2026
Oil prices pull back as OPEC cuts 2024 demand forecast
Written on August 20, 2026 at 2:16 am, by josephine
Oil prices retreated and broke a five-day winning streak as the market’s focus shifted back to demand concerns.
Nikkei rises as Japanese yen stabilises, with tech shares leading gains
Written on August 20, 2026 at 2:16 am, by josephine
The Nikkei 225 index (Symbol: Nikkei225) jumped as traders returned from the Obon holiday, driven by a more stable yen and strong gains in tech stocks.
Dollar eases on weak U.S. inflation data; kiwi plummets following rate cut
Written on August 20, 2026 at 2:16 am, by josephine
The U.S. dollar started Wednesday on shaky ground after tumbling overnight against major currencies, driven by a surprisingly benign reading on U.S. producer prices. This report has amplified expectations that the Federal Reserve might lean towards rate cuts later this year.
Indian rupee set to strengthen as confidence in Fed rate cuts grows
Written on August 20, 2026 at 2:16 am, by josephine
The Indian rupee is set to open on a stronger note on Wednesday, buoyed by rising confidence that the Federal Reserve will implement a series of rate cuts this year.
S&P 500 quiets as market awaits CPI report
Written on August 20, 2026 at 2:16 am, by josephine
The US stock market showed little movement as investors prepared for the release of the July Consumer Price Index (CPI) report.
Google may break up as the US DOJ weighs options
Written on August 20, 2026 at 2:15 am, by josephine
Explore the potential market impacts of a potential Google breakup as the DOJ considers divesting key assets like Android and Chrome.
Australian dollar gets jobs boost, Kiwi feels rate pain
Written on August 20, 2026 at 2:15 am, by josephine
The Australian dollar (AUD) experienced a modest uplift on Thursday, touching $0.6609, following an unexpected surge in employment figures. The 58,200 jobs added in July far surpassed market forecasts of a 20,000 gain, indicating a resilient labour market despite broader economic challenges.
Wheat prices surge as the Russian attack on Ukraine raises supply concerns
Written on August 20, 2026 at 2:15 am, by josephine
Wheat prices surged nearly 2% after Russia’s missile strike on Ukraine’s Odesa port, with further support from lower wheat output in France. Explore market implications and short-term trader insights.
Nikkei rises on strong economic growth and positive U.S. signals
Written on August 20, 2026 at 2:15 am, by josephine
Japan’s Nikkei index showed a strong performance on Thursday, rising by 1% to reach 36,808.75 by midday. This positive movement was largely driven by new data showing that Japan’s economy grew faster than expected in the second quarter, with an annualised growth rate of 3.1%.
Gold prices flat as rate cut hopes dim on US inflation data
Written on August 20, 2026 at 2:15 am, by josephine
Gold prices steady as US inflation data dampens hopes for a larger Fed rate cut. Explore the implications for gold traders and upcoming economic indicators.
