Monthly Archives: August 2026
Nasdaq index soars as tech stocks continue to rally
Written on August 20, 2026 at 2:47 am, by josephine
Key points: The Nasdaq composite index (Symbol: NAS100) surged on Friday, erasing earlier weekly losses and closing at a record high of 16,920.79. This marks a 1.3% increase for the week, driven by strong performance in tech shares. Standout earnings report from Nvidia (Symbol: NVIDIA) spurred investor interest in AI-related stocks, contributing to the rally Continue Reading
Gold rises ahead of key US inflation data release
Written on August 20, 2026 at 2:47 am, by josephine
Key points: Gold (Symbol: XAUUSD) rose to $2,339.9 a troy ounce on Monday, making small gains and recovering some of the losses from Friday’s session when the precious metal closed at its lowest level in two weeks. The attention has now turned to the upcoming US Personal Consumption Expenditures (PCE) price index, which is the Federal Continue Reading
Rupee targets speculative flows after key resistance defeat
Written on August 20, 2026 at 2:47 am, by josephine
Key points The Indian rupee is expected to open steady on Tuesday, influenced by speculative and other flows after failing to breach a key resistance level in recent sessions. Non-deliverable forwards indicate that the rupee (USDINR) will open mostly flat from its previous close of 83.13. The currency approached the psychologically significant level of 83 Continue Reading
China’s yuan dips as PBOC sets new midpoint
Written on August 20, 2026 at 2:46 am, by josephine
Key points: On Tuesday, China’s yuan slipped slightly as traders remained cautious ahead of key inflation data from major global economies. These reports could provide insights into the short-term trajectory of global interest rates. SEE: The offshore yuan (USDCNH) trading at 7.26184 as seen on the VT Markets app. PBOC weakens rate of yuan in Continue Reading
Aussie rises as investors await inflation data
Written on August 20, 2026 at 2:46 am, by josephine
Key points: The Australian dollar (AUD) climbed past $0.665 on Monday, marking its third consecutive session of gains. Market participants are bracing for upcoming domestic inflation figures, which could significantly influence the interest rate outlook. The appreciation of AUD is also supported by a broad pullback in the US dollar (USD) and strong carry demand Continue Reading
US dollar edges lower against Singapore dollar ahead of economic data release
Written on August 20, 2026 at 2:46 am, by josephine
Key points: During the Asian trading session, the USDSGD pair edged lower, slipping 0.1% to 1.3472. This movement is likely a result of position adjustments by traders ahead of the release of key US economic data later today. The market is particularly focused on the US consumer confidence report by the Conference Board for May. Continue Reading
Copper prices rebound on optimism over Chinese demand
Written on August 20, 2026 at 2:46 am, by josephine
Key points: Copper prices climbed on Wednesday, driven by optimism over increased demand from China, being the top copper consumer in the world. Three-month copper on the London Metal Exchange (LME) rose 0.5% to $4.79 per pound, while the most-traded July copper contract on the Shanghai Futures Exchange (SHFE) gained 0.3% to $5.32 per pound. Continue Reading
Indonesian rupiah, Philippine peso top Asian forex losers
Written on August 20, 2026 at 2:46 am, by josephine
Key points: The Indonesian rupiah and the Philippine peso were the biggest losers among Asian currencies on Wednesday. The upward movement in U.S. benchmark Treasury yields boosted the dollar, making investors cautious about an impending inflation report that could shape global monetary policy. Asian currencies set for monthly losses on strong U.S. data Asian currencies, Continue Reading
Dollar shows uncertainty despite strong data
Written on August 20, 2026 at 2:46 am, by josephine
Key points: The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s consumer confidence survey for May. This prevented further weakness in the dollar but left the DXY dollar index trading flat just above 104.50. The EUR/USD pair failed to push above 1.09, and GBP/USD could not sustain a rally Continue Reading
Bank of Japan (BOJ) open to act on excessive Japanese yen decline
Written on August 20, 2026 at 2:45 am, by josephine
Key Points: On Wednesday, Bank of Japan (BOJ) board member Seiji Adachi indicated that the central bank may take monetary policy action if excessive depreciation of the Japanese yen (JPY) persists and significantly impacts inflation expectations. Adachi emphasized the importance of adjusting the degree of monetary support in response to ongoing economic, price and financial Continue Reading
