Monthly Archives: August 2026
Australian dollar dips, bonds rally as RBA maintains interest rates
Written on August 20, 2026 at 2:55 am, by josephine
7th May 2024 Key points: RBA’s rate decision On Tuesday, the Australian dollar experienced a decline, losing a quarter of a cent to $0.6603, after the Reserve Bank of Australia decided to keep the cash rate steady at 4.35%. This rate has been unchanged since a hike in November of the previous year. While this Continue Reading
MARKETS TODAY: Traders expect greater downturn against the US dollar
Written on August 20, 2026 at 2:55 am, by josephine
With 65.61% of traders expecting a downturn in USD/JPY, conventional wisdom might suggest preparing for a decrease. However, the market often defies direct expectations, and the relatively high ratio of bears might hint at an overcrowded trade. For EUR/JPY, the sentiment is similarly bearish with 69.73% of traders betting on a drop and a short-to-long Continue Reading
South Korean shares rise on Fed rate cut hopes and positive U.S. stocks
Written on August 20, 2026 at 2:55 am, by josephine
Key points South Korean stock market gains 7th May 2024 – South Korean shares closed higher on Tuesday as investor optimism grew around potential rate cuts from the U.S. Federal Reserve. The positive momentum was also influenced by strong U.S. stock performance on Monday. The Korea Composite Stock Price Index (Kospi) rose by 57.73 points, Continue Reading
Nikkei faces downturn amid earnings and profit-taking
Written on August 20, 2026 at 2:55 am, by josephine
Key points Japan’s Nikkei share average dipped over 1% on Wednesday, retreating from the multi-week highs observed in the last session. This movement came as a result of mixed corporate earnings, which highlighted clear winners and losers, alongside investors waiting for more information on the direction of U.S. interest rates. Picture: Nikkei prices see a Continue Reading
MARKETS TODAY: RBA holds rates high as inflation challenges loom
Written on August 20, 2026 at 2:55 am, by josephine
Key points The Reserve Bank of Australia (RBA) has chosen to maintain its interest rate at a 12-year peak of 4.35%, defying some market predictions that anticipated a rate increase. This decision comes as Australia grapples with persistently high inflation rates, which have exceeded early 2023 forecasts. Given the current economic climate, it’s plausible that Continue Reading
Rate cut rumors keep forex markets on edge
Written on August 20, 2026 at 2:55 am, by josephine
Key Points: 8th May 2024 – On Wednesday, the U.S. dollar made modest gains, rebounding after previous losses which were influenced by market expectations of Federal Reserve rate cuts later this year. The greenback’s movements reflect ongoing adjustments in investor outlook following weaker-than-expected U.S. jobs data and signals from the U.S. central bank suggesting a Continue Reading
Dollar begins to rebound following last week’s decline
Written on August 20, 2026 at 2:55 am, by josephine
Key points The dollar displayed initial uncertainty at the outset of the week. However, recent sessions have seen a revival in its strength, spurred by key technical observations. After approaching crucial technical levels last Friday, the dollar avoided a breakdown, aiding its recovery early this week amid a fluctuating market sentiment. Picture: EUR/USD price movement Continue Reading
Hang Seng sees dip before Chinese trade data release
Written on August 20, 2026 at 2:54 am, by josephine
Key points On Wednesday, the Hang Seng Index saw a noticeable drop, decreasing by 0.90% or 165.51 points, closing the trading day at 18,313.86. Similarly, the Hang Seng China Enterprises Index fell by 1.07% or 69.95 points to end at 6,456.72. This downturn reflects a more cautious stance among traders as they await the release Continue Reading
Increased farmer sales are easing bids for soybeans and corn
Written on August 20, 2026 at 2:54 am, by josephine
Key points Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast showed a slight decline on Wednesday. This shift reflects the increased sales by farmers, effectively boosting the supply in the market. raders have observed that after a spike in futures prices on the Chicago Board of Trade for corn Continue Reading
Oil prices surge on reduced U.S. supply and interest rate speculation
Written on August 20, 2026 at 2:54 am, by josephine
Key points 9th May 2024 – On Thursday, oil prices experienced a moderate increase in early trading, driven by a decrease in U.S. crude inventories and growing optimism about potential interest rate cuts by the Federal Reserve. Brent crude for July delivery climbed by 23 cents to $83.81 a barrel, while U.S. West Texas Intermediate Continue Reading
