About: josephine
Recent Posts by josephine
Aussie targets $0.6871 on strong inflation data; kiwi gains on confidence boost
Key points: The Australian and New Zealand dollars have held firm near their eight-month highs, driven by a weakening U.S. dollar and momentum from technical buyers aiming to push through chart resistance levels. The Australian dollar (AUDUSD) currently trades around $0.6793, just below its recent peak of $0.6812. As momentum builds, support is identified at $0.6759 Continue Reading
Written on August 20, 2026 at 2:10 am
Categories: Today's Analysis
Asian shares fall as Nvidia’s earnings disappoint; investors focus on U.S. jobless claims
Key points: Asian shares declined on Thursday, tracking Wall Street futures lower, as Nvidia’s earnings report did not meet the lofty expectations of bullish investors. Although Nvidia’s third-quarter revenue forecast of $32.5 billion exceeded Wall Street estimates, it fell short of the high bar set by those who had fuelled a 180% rally in its Continue Reading
Written on August 20, 2026 at 2:09 am
Categories: Today's Analysis
Yuan firms against dollar as markets await key U.S. inflation and China PMI data
Key Points: The Chinese yuan (Symbol: USDCNH) recovered from three consecutive sessions of decline as traders brace for significant economic data releases, including the U.S. inflation report and China’s manufacturing PMI. The movement of the Chinese yuan has largely been constrained within a narrow trading range, with market participants closely monitoring the U.S. dollar and Continue Reading
Written on August 20, 2026 at 2:09 am
Categories: Today's Analysis
The British pound faces key test as it retreats from 2024 highs
Key Points: The British pound saw a pullback retreating from its recent gains against the U.S. dollar. Despite this decline, the pound remains close to its 2024 high of $1.3269. For enthusiasts, limiting the decline to a shallow slide could signal a growing bid for cable, especially given the underlying support from rate differentials. Picture: Continue Reading
Written on August 20, 2026 at 2:09 am
Categories: Today's Analysis
Dollar set to break 5-week losing streak as Fed rate cut expectations diminish
The U.S. dollar is on track to snap a five-week losing streak, trading near a one-week high against major peers on Friday. This rebound comes as robust U.S. economic data has led traders to pare back their bets on aggressive Federal Reserve interest rate cuts. -vtmarkets.com
Written on August 20, 2026 at 2:09 am
Categories: Today's Analysis
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