Monthly Archives: August 2026
Indonesian Rupiah hits 4-year low; Other Asian forex dip before key data
Written on August 15, 2026 at 10:35 am, by josephine
Key points: The Indonesian Rupiah marked a new four-year low on Monday, declining as much as 0.6% to 16,293.00 against the U.S. dollar, reflecting broader weaknesses among emerging Asian currencies. This downturn follows robust U.S. job data and precedes several upcoming central bank policy meetings. Picture: Indonesian Rupiah trading at 16,300 as seen on the Continue Reading
Loonie sees mixed performance as central bank cuts interest rates for homeowners
Written on August 15, 2026 at 10:34 am, by josephine
Key points: Homeowners across Canada are breathing a sigh of relief following the decision from its central bank to cut interest rates for the first time in four years. Such a move by the Bank of Canada (BoC) provides much-needed relief for households holding variable-rate mortgages. While a single 25-basis point cut may not significantly Continue Reading
ECB set to cut interest rates following inflation confidence in inflation data
Written on August 15, 2026 at 10:34 am, by josephine
Key points: The European Central Bank (ECB) is poised to make its first interest rate cut since 2019, with a 25-basis point reduction anticipated on Thursday. This move comes from increased confidence that inflation will return to the level targeted by the ECB. Such a decision to cut rates signals a shift in its monetary Continue Reading
S&P 500 and Nasdaq hit record highs on Fed easing hopes
Written on August 15, 2026 at 10:34 am, by josephine
Key points: On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing highs, spurred by technology stocks. Economic data hinting at Federal Reserve easing measures provided additional momentum to the market. Picture: Bullish bias above 5338.00 for S&P500. Download the VT Markets app. Technology stocks led the charge, with the S5INFT sector seeing Continue Reading
Nvidia soars to record highs, eyes top spot by market cap
Written on August 15, 2026 at 10:34 am, by josephine
Key Points: This article is a follow-up to: Nvidia nears Apple in market cap as AI dominance drives growth The stock price of Nvidia (Symbol: NVDA) has been on an unstoppable ascent, recently reaching record highs and positioning itself as the second-largest US company by market capitalisation. On February 19, Nvidia surpassed Amazon (Symbol: AMZN), Continue Reading
Oil prices rebound following OPEC+ reassurance, but set for weekly decline
Written on August 15, 2026 at 10:34 am, by josephine
Key points: This article is a follow-up to: Oil prices hovering at lows with rising supply Supply chain disruption in the WTI oil sector Oil prices ticked higher on Friday, supported by reassurance from key OPEC+ members Saudi Arabia and Russia about their readiness to adjust output agreements. However, despite these gains, markets are heading Continue Reading
Oil, treasury yields decline as US sees falling job openings
Written on August 15, 2026 at 10:33 am, by josephine
Key points: The U.S. economy’s recently robust performance may be starting to wane, as indicated by the latest Job Openings and Labor Turnover Survey (JOLTS). The data revealed that job openings fell to the lowest level in more than three years in April, indicating a softening in the labor market. This unexpected drop in job Continue Reading
Oil prices hovering at lows with rising supply and uncertain demand
Written on August 15, 2026 at 10:33 am, by josephine
Key points: WTI crude oil (Symbol: USOUSD) hovered near $73 per barrel on Wednesday, maintaining their position at four-month lows after five consecutive sessions of decline. Brent crude oil (Symbol: UKOUSD) also held around $76 per barrel, near three-month lows. Both benchmarks are weighed down by signs of rising global supplies and an uncertain demand outlook. Continue Reading
US dollar and Singapore dollar trading in consolidation ahead of US economic data release
Written on August 15, 2026 at 10:33 am, by josephine
Key points: The USD/SGD pair is consolidating during the Asian session, holding steady at 1.3462 as traders await crucial US economic data. The focus tonight is on the ISM services PMI report, which is particularly noteworthy as the services sector has been a key driver of the US economy. The report will provide critical clues Continue Reading
Path for a lower dollar as economic data deteriorates
Written on August 15, 2026 at 10:33 am, by josephine
Key points: The US dollar is experiencing downward pressure as recent economic data reveals a series of setbacks. The GDPNow forecast, which provides an early estimate of the US GDP, indicates an observable downturn in Q2 growth. This shift is compounded by April’s CPI and PCE data, which supports a disinflation narrative, suggesting that inflation Continue Reading
