Monthly Archives: August 2026
Nasdaq index soars as tech stocks continue to rally
Written on August 15, 2026 at 10:28 am, by josephine
Key points: The Nasdaq composite index (Symbol: NAS100) surged on Friday, erasing earlier weekly losses and closing at a record high of 16,920.79. This marks a 1.3% increase for the week, driven by strong performance in tech shares. Standout earnings report from Nvidia (Symbol: NVIDIA) spurred investor interest in AI-related stocks, contributing to the rally Continue Reading
Gold rises ahead of key US inflation data release
Written on August 15, 2026 at 10:28 am, by josephine
Key points: Gold (Symbol: XAUUSD) rose to $2,339.9 a troy ounce on Monday, making small gains and recovering some of the losses from Friday’s session when the precious metal closed at its lowest level in two weeks. The attention has now turned to the upcoming US Personal Consumption Expenditures (PCE) price index, which is the Federal Continue Reading
US Fed officials tentative on interest rate adjustments with concerns on inflation
Written on August 15, 2026 at 10:27 am, by josephine
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
Written on August 15, 2026 at 10:27 am, by josephine
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
Written on August 15, 2026 at 10:27 am, by josephine
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
Yen advances despite inflation concerns; Stock market shows mixed performance
Written on August 15, 2026 at 10:27 am, by josephine
The Japanese Yen (USD/JPY) has seen contained advances recently, despite mixed signals from economic indicators and policies from the Bank of Japan (BoJ). April’s consumer price index (CPI) data showed a decrease in headline inflation to 2.5%, down from 2.7% in March. Core inflation, which excludes fresh food, fell to 2.2%, while the measure excluding Continue Reading
More rate tightening from Turkish Central Bank is likely
Written on August 15, 2026 at 10:26 am, by josephine
Key Points: On Thursday, the Central Bank of Turkey (CBT) decided to keep its policy rate unchanged at 50%, consistent with market expectations. Such decision was made to address ongoing concerns about inflation, which continues to pose a significant risk to the Turkish economy. In its policy statement, the CBT cited the lagged effects of Continue Reading
Kospi rebound and foreign inflows bolster won as USD/KRW retreats from July peak
Written on August 15, 2026 at 10:26 am, by josephine
Kospi rebounds 29.5% as foreign inflows and chip optimism boost won; traders eye short USD/KRW positions.
Australia, NZ Dollars decline as markets assess rate outlooks
Written on August 15, 2026 at 10:26 am, by josephine
Key points: The Australian and New Zealand dollars faltered on Tuesday as the momentum from last week’s rally dissipated. The market is closely watching the outlook for steady interest rates in both countries. The Australian dollar slipped 0.2% to $0.6654, unable to reclaim its recent four-month high of $0.6714. Key support levels are found under Continue Reading
Why crude oil futures may continue their spiral downwards in May
Written on August 15, 2026 at 10:26 am, by josephine
Key Points: On Tuesday, both Brent and WTI crude oil futures experienced declines. Brent crude oil futures (Symbol: UKOUSDft-V) fell toward $83 per barrel, while the WTI crude oil futures (Symbol: CL-OIL) dropped to $78 per barrel, marking continued losses. SEE: Crude oil experiences downward trend on the VT Markets app. Market participants are closely Continue Reading
