Monthly Archives: August 2026
Pound holds steady following election announcement, inflation data
Written on August 20, 2026 at 2:48 am, by josephine
Key points: The British pound held its ground on Thursday, remaining close to multi-month highs, a day after Prime Minister Rishi Sunak announced a national election and new data revealed that inflation in April slowed less than anticipated. Sterling holds steady despite persistent UK inflation concerns Sterling was steady against the dollar at $1.2722, slightly Continue Reading
More bearish momentum for crude oil
Written on August 20, 2026 at 2:48 am, by josephine
Key Points: This article is a follow-up to: Why crude oil futures may continue their spiral downwards in May Both Brent and WTI crude futures experienced significant declines. Brent crude futures (Symbol: UKOUSDft-E) fell toward $81 per barrel, while WTI crude futures dropped to $76 per barrel (Symbol: CL-OIL), continuing their respective four-session losing streaks. Continue Reading
A technical assessment of gold, Cable, Ninja, and Nvidia performance in May
Written on August 20, 2026 at 2:48 am, by josephine
Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus might shift to $2,335, which represents the 38.2% Fibonacci retracement of the 2024 rally. In Continue Reading
Chicago wheat set for biggest weekly gain in a month on global crop concerns
Written on August 20, 2026 at 2:48 am, by josephine
Key points: Chicago wheat prices gained more ground on Friday, poised for their largest weekly rise in a month, driven by concerns over crop losses in the Black Sea region and other key exporting countries. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.4% to $7.01 a bushel, taking the weekly Continue Reading
Dollar rises as traders scale back US rate cut expectations
Written on August 20, 2026 at 2:48 am, by josephine
Key points: The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong U.S. economic data has left markets on edge about the outlook for U.S. inflation and interest rates. In May, U.S. business activity accelerated to its highest level in just over two years. Manufacturers reported surging input prices, Continue Reading
Japan’s Nikkei records weekly loss as Fed outlook weighs
Written on August 20, 2026 at 2:47 am, by josephine
Key points: Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent inflation may delay Federal Reserve interest rate cuts. Picture: Nikkei in the slumps as seen on the VT Markets app. The Nikkei index dropped 1.17% to 38,646.11 by the close, after Continue Reading
Yen advances despite inflation concerns; Stock market shows mixed performance
Written on August 20, 2026 at 2:47 am, by josephine
The Japanese Yen (USD/JPY) has seen contained advances recently, despite mixed signals from economic indicators and policies from the Bank of Japan (BoJ). April’s consumer price index (CPI) data showed a decrease in headline inflation to 2.5%, down from 2.7% in March. Core inflation, which excludes fresh food, fell to 2.2%, while the measure excluding Continue Reading
More rate tightening from Turkish Central Bank is likely
Written on August 20, 2026 at 2:47 am, by josephine
Key Points: On Thursday, the Central Bank of Turkey (CBT) decided to keep its policy rate unchanged at 50%, consistent with market expectations. Such decision was made to address ongoing concerns about inflation, which continues to pose a significant risk to the Turkish economy. In its policy statement, the CBT cited the lagged effects of Continue Reading
Oil prices steady ahead of OPEC+ meeting
Written on August 20, 2026 at 2:47 am, by josephine
Key points: Oil prices saw minimal movement in early Asian trading on Monday, as market participants are focused on the upcoming OPEC+ meeting scheduled for June 2. This meeting, initially set for June 1, was delayed by a day and will now be held online. Producers are expected to deliberate on whether to maintain voluntary Continue Reading
Dollar strengthens ahead of news on global inflation
Written on August 20, 2026 at 2:47 am, by josephine
Key points: The dollar started the week on a firm note as traders awaited crucial inflation data from the U.S., Europe, and Japan. This data is expected to provide clarity on the future of global interest rates. In recent months, the search for yield has dominated foreign exchange markets, with low-interest currencies under pressure while Continue Reading
