Monthly Archives: August 2026
ECB rate cuts and US jobs data key in deciding market trajectory
Written on August 15, 2026 at 10:31 am, by josephine
Key points: The European Central Bank (ECB) is set to cut interest rates by 25 basis points on Thursday. This decision has been highly anticipated by market participants who are now focusing on the potential timing for the next cut, which is predicted to occur either on September 12th or more likely on October 17th. Continue Reading
Gold prices retrace as US dollar and treasury yields rise ahead of key inflation data
Written on August 15, 2026 at 10:30 am, by josephine
Key points: This article is a follow up from: Gold rises ahead of key US data inflation data Gold (Symbol: XAUUSD) declined for the second consecutive session on Thursday, pressured by a stronger US dollar (USD) and rising Treasury yields ahead of key US inflation data. Spot gold retraced to the $2,330.44 per ounce price Continue Reading
Aussie, Kiwi steady after setback from U.S. bond yields surge
Written on August 15, 2026 at 10:30 am, by josephine
Key points: The Australian and New Zealand dollars have stabilised after experiencing setbacks due to a surge in U.S. bond yields. This rise in yields has dampened risk appetites and obscured the outlook for global rate cuts. Picture: Aussie stabilises as seen on VT Markets app. Currently, the Australian dollar (AUDUSD) is steady at $0.6605, Continue Reading
Cable struggles below 1.0800 as key support levels loom
Written on August 15, 2026 at 10:30 am, by josephine
Key Points: The EUR/USD pair currently trades below the 1.0800 mark, reflecting a stronger dollar dominating this week’s exchanges due to rising yields. This scenario is dampening the overall risk appetite in the markets and enhancing the dollar’s appeal. Currently, the EUR/USD is retreating below its 100-day moving average, located at 1.0808. This move highlights Continue Reading
Wheat prices uncertain following weather prediction in Russia
Written on August 15, 2026 at 10:30 am, by josephine
Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.
Japan to intervene in forex market as the Japanese yen hits 34-year low
Written on August 15, 2026 at 10:30 am, by josephine
Key points: This article is a follow-up to: Bank of Japan (BOJ) open to act on excessive Japanese yen decline. On Friday, Finance Minister of Japan Shunichi Suzuki heightened emphasis to take appropriate action against excessive currency movements, highlighting the importance of stability in the foreign exchange market. These comments were made during a regular Continue Reading
Rupee targets speculative flows after key resistance defeat
Written on August 15, 2026 at 10:29 am, by josephine
Key points The Indian rupee is expected to open steady on Tuesday, influenced by speculative and other flows after failing to breach a key resistance level in recent sessions. Non-deliverable forwards indicate that the rupee (USDINR) will open mostly flat from its previous close of 83.13. The currency approached the psychologically significant level of 83 Continue Reading
Copper prices rebound on optimism over Chinese demand
Written on August 15, 2026 at 10:29 am, by josephine
Key points: Copper prices climbed on Wednesday, driven by optimism over increased demand from China, being the top copper consumer in the world. Three-month copper on the London Metal Exchange (LME) rose 0.5% to $4.79 per pound, while the most-traded July copper contract on the Shanghai Futures Exchange (SHFE) gained 0.3% to $5.32 per pound. Continue Reading
Indonesian rupiah, Philippine peso top Asian forex losers
Written on August 15, 2026 at 10:29 am, by josephine
Key points: The Indonesian rupiah and the Philippine peso were the biggest losers among Asian currencies on Wednesday. The upward movement in U.S. benchmark Treasury yields boosted the dollar, making investors cautious about an impending inflation report that could shape global monetary policy. Asian currencies set for monthly losses on strong U.S. data Asian currencies, Continue Reading
Dollar shows uncertainty despite strong data
Written on August 15, 2026 at 10:29 am, by josephine
Key points: The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s consumer confidence survey for May. This prevented further weakness in the dollar but left the DXY dollar index trading flat just above 104.50. The EUR/USD pair failed to push above 1.09, and GBP/USD could not sustain a rally Continue Reading
