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About: josephine

Recent Posts by josephine

Bank of Korea to hold rates, first cut expected in Q4

Key points: The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on May 23, marking the 11th consecutive meeting with no change. The BOK is expected to maintain this rate through the next quarter, with a half-point cut anticipated in Q4 2024, following expected policy easing from other central banks Continue Reading

Copper prices see slight decline with weaker base metals market and firmer US dollar 

Key points:  On Tuesday, prices of copper (Symbol: COPPER-C) fell from their record high in a broadly weaker base metals market. The three-month copper on the London Metal Exchange (LME) eased 0.8% to $4.90 per pound. Similarly, the most-traded July copper contract on the Shanghai Futures Exchange (SHFE) edged down 0.4% to $5.42 per pound.  Continue Reading

US Fed officials tentative on interest rate adjustments with concerns on inflation 

Key Points:  The US dollar index gained strength following hawkish comments in the minutes from the last FOMC meeting on Wednesday. The minutes revealed that Fed officials are open to raising interest rates again if inflation does not cool off further.   Picture: The US Dollar Index showing some strength, as observed on the VT Markets Continue Reading

Gold prices see dip on hawkish Fed minutes

Key points Gold prices fell for a third consecutive session on Thursday following the release of the latest Federal Reserve minutes, which suggested some officials were inclined towards raising interest rates. Market reaction after FOMC Picture: The downside prevails for gold prices as seen in the VT Markets app. Gold is typically seen as an Continue Reading

Pound holds steady following election announcement, inflation data

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

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