Monthly Archives: August 2026
Dollar drifts as traders await US inflation data; yen weakens
Written on August 20, 2026 at 2:53 am, by josephine
Key points: The dollar held its ground on Tuesday, as the market’s attention turns to an inflation report that could dictate the course of U.S. interest rates. Meanwhile, the yen stayed close to a two-week low, igniting fears of potential governmental intervention. Federal Reserve response to labour data in May 2024 This calm in the Continue Reading
Copper prices surge to a 2-year high on mixed global demand
Written on August 20, 2026 at 2:52 am, by josephine
Key points Copper prices reached their highest point since April 2022 on Tuesday, propelled by significant fund inflows into the base metals sector, despite diminished demand from China. Picture: Copper prices poised for further gains. Download the VT Markets app. Copper hits near 2022 peak on London Metal Exchange On the London Metal Exchange (LME), Continue Reading
MARKETS TODAY: Gold rally slowing down, Cable sees upswing
Written on August 20, 2026 at 2:52 am, by josephine
Key points On Monday, gold prices failed to sustain an upward movement beyond the $2,375 mark, resulting in a decline below $2,350. This movement suggests a possible test of lower support levels, primarily around $2,280, which aligns with the 50-day simple moving average and recent lows. Should this support level fail, the next target for Continue Reading
US inflation report: Impact on the dollar
Written on August 20, 2026 at 2:52 am, by josephine
Key Points: The upcoming US inflation report is expected to play a key role in shaping the value of the USD and guiding perceptions of next moves by the Federal Reserve. Over the past months, the dollar has enjoyed a rally, driven primarily by a shift in expectations towards a less accommodative monetary policy by Continue Reading
Anticipating the impact of US inflation data on gold prices
Written on August 20, 2026 at 2:52 am, by josephine
Key points: Gold prices edged higher on Tuesday, marking a modest recovery of 0.4% to $2,344.39 per ounce by early GMT, following a 1% decline on Monday. This fluctuation occurs as markets gear up for critical inflation reports set to shed light on potential changes in the U.S. Federal Reserve’s interest rate policies. Not only Continue Reading
Nasdaq hits record high as Powell calms rate hike fears, eyes on upcoming CPI
Written on August 20, 2026 at 2:52 am, by josephine
Key points In Tuesday’s trading session, the Nasdaq Composite reached a new record high, climbing to 18356.6 on the VT Markets trading app. This rally came as investors reacted positively to Federal Reserve Chair Jerome Powell’s assurance that the central bank is not planning an imminent rate hike. This sentiment was bolstered by the producer Continue Reading
US economic indicators continue to influence Yen performance
Written on August 20, 2026 at 2:52 am, by josephine
Key Points: The early trading hours saw JPY declining against a basket of G-10 and Asian currencies. This trend was largely driven by an emerging risk-on sentiment, influenced by revised economic forecasts and potential shifts in US monetary policy. The US Producer Price Index (PPI) adjustments for March have significantly shaped the expectations of all Continue Reading
Aussie climbs as China considers buying unsold homes
Written on August 20, 2026 at 2:51 am, by josephine
Key points: China is contemplating a policy move where local governments would purchase millions of unsold homes. This initiative aims to stabilise the distressed real estate sector, which has seen home sales plummet by nearly 50%, leaving a vast inventory of unoccupied properties. Australian dollar rises on optimism Picture: The AUD/USD pair is moving upwards. Continue Reading
WTI Oil prices rebound due to supply disruption and inventory decline
Written on August 20, 2026 at 2:51 am, by josephine
Key Points: WTI oil supply chain disruption in May 2024 WTI crude futures showed a marked recovery, heading toward $79 per barre. This price movement is partially due to wildfires in Canada that have posed a significant threat to the country’s oil sands industry, capable of producing 3.3 million barrels per day. This disruption has Continue Reading
MARKETS TODAY: Market braces for impact of CPI Data on gold, US dollar, and yields
Written on August 20, 2026 at 2:51 am, by josephine
Key Points On Wednesday, the U.S. Bureau of Labor Statistics will release April’s consumer price index (CPI) data. This key economic report is closely watched by market participants due to its implications for the Federal Reserve’s monetary policy. Tuesday’s elevated producer price index (PPI) results have raised concerns that inflation figures might also disappoint, potentially Continue Reading
