Monthly Archives: August 2026
Dollar set to break 5-week losing streak as Fed rate cut expectations diminish
Written on August 20, 2026 at 2:09 am, by josephine
The U.S. dollar is on track to snap a five-week losing streak, trading near a one-week high against major peers on Friday. This rebound comes as robust U.S. economic data has led traders to pare back their bets on aggressive Federal Reserve interest rate cuts. -vtmarkets.com
Aussie and kiwi poised to end the month with solid gains as U.S. dollar weakens
Written on August 20, 2026 at 2:09 am, by josephine
The Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) stood at $0.6797 after reaching an eight-month high of $0.6823, marking a 3.9% gain for the month. -vtmarkets.com
Copper prices edge higher on Fed rate cut hopes
Written on August 20, 2026 at 2:09 am, by josephine
Copper prices (Symbol: Copper-C) climbed to $4.21 per pound, marking a crucial recovery and positioning the orange metal for its first monthly gain since May 2024, with a modest 0.5% increase so far in August 2024. -vtmarkets.com
Gold poised for monthly gain as market focuses on U.S. data
Written on August 20, 2026 at 2:08 am, by josephine
Gold prices (Symbol: XAUUSD) are showing resilience, poised to log their second consecutive monthly gain as market sentiment remains buoyant on the back of potential U.S. interest rate cuts. Spot gold was trading slightly lower at $2,517.91 per ounce, but it remained up by about 3% for the month of August 2024, signalling strong underlying support. -vtmarkets.com
Gold steady after data suggests smaller Fed rate cut
Written on August 20, 2026 at 2:08 am, by josephine
Gold prices held steady on Monday after a 1% decline in the previous session, as recent U.S. inflation data pointed to a smaller-than-expected interest rate cut by the Federal Reserve this month. The precious metal, often seen as a hedge in low-interest-rate environments, faces a delicate balance as traders adjust their expectations. -vtmarkets.com
Dollar hits two-week high against euro ahead of US jobs data
Written on August 20, 2026 at 2:08 am, by josephine
The dollar extended its gains on Monday, reaching a two-week high against the euro as traders scaled back their expectations for aggressive policy easing by the Federal Reserve. With a key U.S. jobs report scheduled for release later this week, the dollar’s momentum reflects growing uncertainty over the Fed’s next steps. -vtmarkets.com
Oil prices slide further on weak Chinese data and potential OPEC+ output increase
Written on August 20, 2026 at 2:08 am, by josephine
Oil prices continued their decline as weak economic data from China and the prospect of increased OPEC+ production in October raised concerns over future demand and supply dynamics -vtmarkets.com
Dow Jones hits new record while tech stocks weigh on Nasdaq
Written on August 20, 2026 at 2:08 am, by josephine
Key Points: The Dow Jones Industrial Average (Symbol: DJ30) continued its impressive run, notching its 25th record close of the year as it climbed to 41,335.63. This marked a significant contrast to the tech-heavy Nasdaq Composite (Symbol: NAS100) and the broader S&P 500 (Symbol: SP500), both of which struggled due to a pullback in technology Continue Reading
Dollar holds steady as markets anticipate U.S. payrolls report
Written on August 20, 2026 at 2:08 am, by josephine
The U.S. dollar stayed firm near a two-week high against the yen and euro on Tuesday, reflecting cautious investor sentiment ahead of an influx of economic data, including Friday’s highly anticipated U.S. payrolls report. -vtmarkets.com
Wheat rises for the fifth consecutive day due to European production issues
Written on August 20, 2026 at 2:07 am, by josephine
Chicago wheat futures edged higher on Tuesday, marking the fifth consecutive day of gains. The driving force behind this rally is the poor production outlook in Europe, which has helped lift wheat prices from nearly four-year lows. -vtmarkets.com
