Monthly Archives: August 2026
Australian Dollar Approaches 2024 High as China Lowers Rates Ahead of RBA Decision
Written on August 20, 2026 at 1:59 am, by josephine
Though economists widely expect the RBA to hold interest rates steady, the market seems divided on the potential for cuts in the near term. Reuters’ poll of 44 economists shows just four anticipate a reduction by year-end, while traders see a roughly 60% chance of a cut. -vtmarkets.com
Nikkei Hits 3-Week High on Wall Street Gains and BOJ Dovishness
Written on August 20, 2026 at 1:59 am, by josephine
Key points: The Nikkei climbed to a three-week high as trading resumed after a long holiday weekend in Japan. Boosted by Wall Street’s performance overnight, the Nikkei surged by 1.5%, reaching 38,293.34 in early trading. Earlier in the session, it touched 38,338.65, its highest point since September 3. Picture: Nikkei trading at 38033.85 on the Continue Reading
USDJPY Stalls Near Key Resistance Ahead of Tokyo Fiscal Half-End
Written on August 20, 2026 at 1:59 am, by josephine
USDJPY pulls back on narrowing US-Japan interest rate differentials. With the fiscal half-end of Tokyo approaching, volatility is expected. Insights into support and resistance levels for traders. -vtmarkets.com
Euro Slips on Weaker PMIs and Potential ECB Rate Cuts
Written on August 20, 2026 at 1:59 am, by josephine
The euro dropped on weak PMI data in Germany and France, raising expectations of ECB rate cuts. Investors now foresee 44 basis points in reductions by year-end. -vtmarkets.com
Gold Near Record Highs Amid Middle East Tensions and Weak Dollar
Written on August 20, 2026 at 1:59 am, by josephine
Gold prices remained elevated at $2,658.07 per ounce after reaching a record high of $2,664.25. This move higher can be traced to two major factors. First, the dollar weakened by 0.2%, making dollar-denominated gold cheaper for holders of other currencies. -vtmarkets.com
Australian Dollar Hits 19-Month Peak, Kiwi Reaches Yearly Highs
Written on August 20, 2026 at 1:59 am, by josephine
Key points: We saw the Australian dollar climbing to $0.6890, coming close to the $0.6908 mark, a level not touched since early 2023. Breaking these levels has opened the door for further movement towards $0.7030 and $0.7088. This momentum has been largely driven by hopes that China’s latest round of stimulus will provide a much-needed Continue Reading
Oil Prices Consolidate on Mixed Market Signals
Written on August 20, 2026 at 1:59 am, by josephine
Oil prices consolidate as U.S. crude oil inventories decline, but waning optimism over the Chinese economic stimulus and rising Middle East tensions keep markets in a cautious state. -vtmarkets.com
S&P 500 Hits Record High on Renewed Optimism over Rate Cuts
Written on August 20, 2026 at 1:58 am, by josephine
The S&P 500 hit new record highs as semiconductor stocks rallied and traders increased bets on further interest rate cuts. Investors now focus on upcoming economic data for insights into the Fed’s policy direction. -vtmarkets.com
Euro Nears 14-Month High as Dollar Weakens After Fed Rate Cut
Written on August 20, 2026 at 1:58 am, by josephine
The EURUSD pair nears a 14-month high following the Fed’s 50bps rate cut, but faces key resistance levels. Learn about the implications for traders and market outlook. -vtmarkets.com
Rupee Stalls as Markets Await Cues from Powell and U.S. Inflation Data
Written on August 20, 2026 at 1:58 am, by josephine
The Indian rupee faces challenges breaking past key resistance as traders focus on Fed Chair Powell’s comments and U.S. inflation data. Discover the short-term forecast for USDINR and market implications. -vtmarkets.com
