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About: josephine

Recent Posts by josephine

Euro Zone Bond Yields drop following U.S. economic data

6th May 2024 Key points: On Monday, bond yields in the euro zone saw a decrease. This movement in the bond market was largely due to new U.S. economic data that led traders to believe the Federal Reserve might cut rates twice in 2024. SEE: The euro 10-year bond yield sees a significant dip on Continue Reading

Shanghai copper falls on first trading session after holiday

Key points: Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market. Picture: Copper prices see a decline on VT Markets app. Post-holiday copper prices dip In the first trading session after the holiday, the most-traded June copper Continue Reading

Optimism fuels global stocks, Yen weakness persists

Key points: Global stock markets experienced a significant rally on Monday, driven by the anticipation that major central banks might implement rate cuts later this year. This sentiment was further bolstered by a softer-than-expected U.S. labor market report last Friday, prompting traders to anticipate potential easing of monetary policy by the Federal Reserve as early Continue Reading

Gold prices climb on speculation of Federal Reserve rate cut

Key points: Gold prices rose for the second consecutive session on Tuesday. This increase comes as traders grow increasingly optimistic about a potential Federal Reserve rate cut later this year. Spot gold was up 0.2% at $2,327.11 per ounce early this morning, while U.S. gold futures also saw a 0.2% rise to $2,336.20. Picture: Gold Continue Reading

Australian dollar dips, bonds rally as RBA maintains interest rates

7th May 2024 Key points: RBA’s rate decision On Tuesday, the Australian dollar experienced a decline, losing a quarter of a cent to $0.6603, after the Reserve Bank of Australia decided to keep the cash rate steady at 4.35%. This rate has been unchanged since a hike in November of the previous year. While this Continue Reading

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