About: josephine
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Australian and New Zealand Dollars Retain Strength as Powell Calls for Rate Patience
Jerome Powell, Chair of the U.S. Federal Reserve, has reassured the financial markets by emphasising a likely downward adjustment in future interest rates. This guidance follows a series of inflation reports that had stoked expectations of tighter monetary policy. Picture: AUDUSD prices on the rise as recorded on VT Markets trading app. In the currency Continue Reading
Written on August 20, 2026 at 2:57 am
Categories: Today's Analysis
London Metal Prices See Gain; Softer Dollar More Attractive
2nd May 2024 – In this latest trading session, non-ferrous metals on the London Metal Exchange witnessed varying degrees of price increases, primarily driven by a dip in the U.S. dollar. This depreciation has made metals priced in dollars more affordable for holders of other currencies. Copper, a major indicator of economic health, rose by Continue Reading
Written on August 20, 2026 at 2:57 am
Categories: Today's Analysis
MARKETS TODAY: Fed Maintains US Interest Rates
ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving the Fed’s 2% inflation target. Volatile Yen The Japanese Yen also witnessed a temporary surge, Continue Reading
Written on August 20, 2026 at 2:57 am
Categories: Today's Analysis
Oil stabilises, set for weekly fall on US economy concerns
Oil prices are rising today as OPEC+ members discuss possibly extending their supply cuts. Despite this upward movement, Brent and West Texas Intermediate (WTI) crude are set to end the week with losses, influenced by U.S. economic uncertainties and minimal impact on oil supplies from the ongoing Israel-Hamas conflict. Picture: Oil prices rising as seen Continue Reading
Written on August 20, 2026 at 2:57 am
Categories: Today's Analysis
Gold prices steady despite uncertain US economic indicators
Gold prices are on track for a second consecutive weekly decline but remained stable on Friday morning at $2,301.49 per ounce as of 0215 GMT. The modest weekly loss of over 1% reflects a broader pullback from the record high of $2,431.29 reached earlier in April, with prices falling by $130 since that peak. U.S. Continue Reading
Written on August 20, 2026 at 2:57 am
Categories: Today's Analysis
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