Monthly Archives: August 2026
Gold prices steady ahead of the release of US economic data
Written on August 20, 2026 at 2:54 am, by josephine
Key points: Gold prices stabilise as economic data looms Gold prices held steady early Thursday, with spot gold priced at $2,309.23 per ounce. In contrast, U.S. gold futures saw a slight decrease of 0.2%, settling at $2,316.80. Investors are closely monitoring the upcoming U.S. economic reports, particularly the weekly jobless claims due at 1230 GMT Continue Reading
China sees swings on iron and steel
Written on August 20, 2026 at 2:54 am, by josephine
Key Points: On Thursday, iron ore and steel product prices in China experienced a decline, primarily influenced by reduced demand following the Labour Day holiday. Iron sees decline in May The most-traded September iron ore on China’s Dalian Commodity Exchange was down by 0.6%, trading at 874.50 yuan ($121.06) per metric tonne. In contrast, the Continue Reading
Gold rises due to rate cut speculation and economic data
Written on August 20, 2026 at 2:54 am, by josephine
Key points: 10th May 2024 – On Friday, spot gold experienced a slight increase of 0.1% to $2,347.98 per ounce, contributing to a 2% rise over the week. SEE: Gold sees slight upward rise on the VT Markets trading app. This upward movement is closely tied to traders’ adjusted expectations for an interest rate cut from Continue Reading
Dollar pressured by soft jobs data and Fed rate cut speculation
Written on August 20, 2026 at 2:54 am, by josephine
Key points The U.S. dollar exhibited weakness in early trading in Asia this Friday, continuing its decline from the previous night against the euro and sterling. This movement comes as new data points to a slowing labor market in the U.S., thereby increasing the likelihood of the Federal Reserve cutting interest rates later this year. Continue Reading
Corn and soybean prices on the rise before USDA report
Written on August 20, 2026 at 2:53 am, by josephine
Key points The most-active wheat contract on the Chicago Board of Trade (CBOT) rose to $6.39-2/8 a bushel early Friday, indicating a positive start to the day. Investors might expect further price stability or slight increases as market sentiment holds firm ahead of the USDA report. Picture: Wheat prices on the rise as seen on Continue Reading
MARKETS TODAY: Cable tests resistance, stock market rebound
Written on August 20, 2026 at 2:53 am, by josephine
Key points After a rebound from the support level of 1.0725, the EUR/USD pair is now challenging resistance around 1.0790, where the 50-day and 200-day Simple Moving Averages (SMAs) meet. SEE: The Cable tests resistance on the VT Markets trading app. This could extend to trendline resistance at 1.0810 and approach a significant Fibonacci level Continue Reading
Positive UK economic data lifts FTSE 100
Written on August 20, 2026 at 2:53 am, by josephine
Key points The FTSE 100 is experiencing an upswing, buoyed by the UK’s latest GDP data which surpassed expectations, indicating a recovery from a recent recession. SEE: The FTSE CFD, UK100ft, experiencing an upswing on the VT Markets trading app. The UK’s GDP for the first quarter was reported at 0.6%, higher than the market’s Continue Reading
Asian markets await US inflation and China data
Written on August 20, 2026 at 2:53 am, by josephine
Key points: The US consumer price index (CPI) will be closely monitored this week, as it could influence the Federal Reserve’s decision on a potential rate cut in September. Market participants are particularly sensitive to changes in core CPI, which is expected to rise by 0.3% for the month of April. A figure lower than Continue Reading
Hong Kong stocks surge pending corporate performance and policy support
Written on August 20, 2026 at 2:53 am, by josephine
Key Points: Hong Kong stocks enjoyed their third consecutive session of gains on Monday, buoyed by investor optimism for forthcoming corporate earnings and potential governmental policy support. This optimism comes in the wake of new data revealing sluggish demand across China. Hang Seng sees strong upward market movement The Hang Seng Index increased by 151.38 Continue Reading
Calm in currency markets before US inflation test
Written on August 20, 2026 at 2:53 am, by josephine
Key points: The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to be released this week. The data is expected to play a significant role in the Federal Reserve’s decision-making about potential rate cuts in 2024. Recent employment figures, which came in below expectations, along with Continue Reading
