Monthly Archives: August 2026
Gold prices retrace as US dollar and treasury yields rise ahead of key inflation data
Written on August 20, 2026 at 2:45 am, by josephine
Key points: This article is a follow up from: Gold rises ahead of key US data inflation data Gold (Symbol: XAUUSD) declined for the second consecutive session on Thursday, pressured by a stronger US dollar (USD) and rising Treasury yields ahead of key US inflation data. Spot gold retraced to the $2,330.44 per ounce price Continue Reading
Aussie, Kiwi steady after setback from U.S. bond yields surge
Written on August 20, 2026 at 2:45 am, by josephine
Key points: The Australian and New Zealand dollars have stabilised after experiencing setbacks due to a surge in U.S. bond yields. This rise in yields has dampened risk appetites and obscured the outlook for global rate cuts. Picture: Aussie stabilises as seen on VT Markets app. Currently, the Australian dollar (AUDUSD) is steady at $0.6605, Continue Reading
Cable struggles below 1.0800 as key support levels loom
Written on August 20, 2026 at 2:45 am, by josephine
Key Points: The EUR/USD pair currently trades below the 1.0800 mark, reflecting a stronger dollar dominating this week’s exchanges due to rising yields. This scenario is dampening the overall risk appetite in the markets and enhancing the dollar’s appeal. Currently, the EUR/USD is retreating below its 100-day moving average, located at 1.0808. This move highlights Continue Reading
Wheat prices uncertain following weather prediction in Russia
Written on August 20, 2026 at 2:45 am, by josephine
Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.
Dollar steadies before inflation test; Yen unaffected by Tokyo CPI
Written on August 20, 2026 at 2:45 am, by josephine
Key points: On Friday, the dollar was recovering after a challenging session against other major currencies. This reaction followed a downward revision to U.S. GDP for the first quarter, suggesting potential for rate cuts later this year. Investors are now turning their attention to upcoming inflation data for further clues on monetary policy. Recent data Continue Reading
NZD rises against slow economic growth in the U.S.
Written on August 20, 2026 at 2:44 am, by josephine
Key Points: The New Zealand dollar (NZD) climbed to around $0.612 on Thursday with the support from revised economic data indicating that the US economy grew at a slower pace than previously estimated in the first quarter. This has increased speculation that the Federal Reserve may have room to cut interest rates later this year. Continue Reading
Gold edges higher ahead of key inflation report, poised for monthly gain
Written on August 20, 2026 at 2:44 am, by josephine
Key points: Gold prices showed a slight increase on Friday, marking a potential fourth consecutive monthly gain. Investors are keenly awaiting the U.S. inflation data which is expected to shed light on the Federal Reserve’s future moves. Picture: Gold price shows slight increase on the VT Markets app. Market fundamentals: Federal Reserve policymakers maintain a Continue Reading
Japan to intervene in forex market as the Japanese yen hits 34-year low
Written on August 20, 2026 at 2:44 am, by josephine
Key points: This article is a follow-up to: Bank of Japan (BOJ) open to act on excessive Japanese yen decline. On Friday, Finance Minister of Japan Shunichi Suzuki heightened emphasis to take appropriate action against excessive currency movements, highlighting the importance of stability in the foreign exchange market. These comments were made during a regular Continue Reading
Dollar maintains strength as market watches inflation and Fed rate moves
Written on August 20, 2026 at 2:44 am, by josephine
Key points: The dollar remained stable on Monday as traders speculate that U.S. inflation may have stabilised enough for the Federal Reserve to consider rate cuts later in 2024. Meanwhile, the euro held firm ahead of an anticipated rate cut by the European Central Bank (ECB) this week. Emerging markets continue to see rise Among Continue Reading
Hong Kong stocks surge on rate cut prospects; mixed performance in China
Written on August 20, 2026 at 2:44 am, by josephine
Key points: On Monday, Hong Kong’s stock market experienced an observable surge, with the benchmark Hang Seng Index posting its best daily performance in a month. This optimism was largely driven by the anticipated rate cut from the European Central Bank (ECB), which is expected to trim rates by a quarter point to 3.75% on Continue Reading
