Monthly Archives: August 2026
Bank of Japan maintains policy rate, raises upper band yield target
Written on August 20, 2026 at 3:52 am, by josephine
The US Dollar index dropped 0.73% daily on Tuesday, tumbling following a sudden announcement from the Bank of Japan(BoJ). Despite the Bank of Japan keeping their policy rate unchanged, the increase in the upper band limit on the yield target caused the surge of Yen and weighed on the DXY index. US stocks oscillated between Continue Reading
US Consumer Confidence boosted the sentiment
Written on August 20, 2026 at 3:52 am, by josephine
US equities rallied for a second day, as an improvement in consumer confidence and better-than-expected earnings boosted sentiment. Treasuries were mixed after Tuesday’s selloff following the Bank of Japan’s unexpected increase in its yield trading band ebbed. Market participants did not hear from Fed speakers this week, which also helped fuel the so-called ‘Santa rally’ Continue Reading
The Fed said the economy can handle more tightening
Written on August 20, 2026 at 3:51 am, by josephine
US equities dropped on Thursday, as investors digested data validating the Federal Reserve’s assertion that the economy is robust enough to withstand more tightening. Technology stocks were battered after a gloomy outlook from chipmaker Micron Technologies Inc. weighed on sentiment. Data released on Thursday painted a picture of a resilient economy, stoking concern that the Continue Reading
Market flat in end-of-year holiday season
Written on August 20, 2026 at 3:51 am, by josephine
US stock ended Friday’s session with gains as investors digested data showing inflation is continuing to ease and the Federal Reserve’s rate hikes are serving their purpose. Data on Friday showed the Fed’s closely watched measure of inflation cooling and consumer spending stagnating. Consumers’ year-ahead inflation expectations also dropped this month to the lowest since Continue Reading
US 10-year treasuries climbed as China lifted the visitor quarantine
Written on August 20, 2026 at 3:51 am, by josephine
US stocks fall to start the final week of 2022 trading. Tesla Inc. shares led to losses as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks. Besides, Apple Inc. touched the lowest since June 2021 amid a slump in big tech. Moreover, Southwest Airlines Co. Continue Reading
US stocks fall due to COVID-19 concerns
Written on August 20, 2026 at 3:51 am, by josephine
US stocks were dragged lower for a second day, as stocks in Asia headed for declines on Wednesday with fresh concerns about the spread of Covid-19 from China unnerved investors. Market appetite for risk waned on news that the US would require inbound airline passengers from China to show a negative Covid-19 test before entry. Continue Reading
US equities climbed as the stronger jobs data would support more aggressive policy
Written on August 20, 2026 at 3:50 am, by josephine
US stocks rose in a broad-based rally and Treasury yields fell as data allayed fears of a supercharged jobs market that would support a more aggressive policy path. A gauge of the dollar fell. Investors took solace in US jobs data that failed to reveal unwanted surprises while underscoring the resilience of the labour market Continue Reading
Economic data-packed week starts 2023
Written on August 20, 2026 at 3:50 am, by josephine
American markets start trading today. Before Asia opened, U.S. equity futures surged. An economic data-packed week will start the year. ADP and the Department of Labor will report nonfarm employment change and first jobless claims during the late American trading session on the fifth. The December U.S. nonfarm payrolls and unemployment rate will be noted Continue Reading
Market prefers safe-haven instruments at the start of the year
Written on August 20, 2026 at 3:50 am, by josephine
The market started the year 2023 in a safety mode, creating demand for US Dollars and Gold as safe-haven instruments while waiting for this week’s US key economic data and events. The dollar advances, the yen stabilizes and the oil price drops sharply. US shares market falls lead to Asia stocks facing muted opening. The Continue Reading
FOMC minutes showed Fed would keep raising rates
Written on August 20, 2026 at 3:50 am, by josephine
The FOMC minutes reaffirmed multiple things that Chairman Jerome Powell attempted to communicate to market participants during his previous speech in December of 2022. The minutes reiterated the central bank’s determination to bring the inflation level down to the targeted 2%; furthermore, citing previous experiences with pre-mature rate cuts, the minutes dismissed any notions of Continue Reading
