Monthly Archives: August 2026
Bank of Korea to hold rates, first cut expected in Q4
Written on August 15, 2026 at 10:26 am, by josephine
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
More bearish momentum for crude oil
Written on August 15, 2026 at 10:26 am, by josephine
Key Points: This article is a follow-up to: Why crude oil futures may continue their spiral downwards in May Both Brent and WTI crude futures experienced significant declines. Brent crude futures (Symbol: UKOUSDft-E) fell toward $81 per barrel, while WTI crude futures dropped to $76 per barrel (Symbol: CL-OIL), continuing their respective four-session losing streaks. Continue Reading
A technical assessment of gold, Cable, Ninja, and Nvidia performance in May
Written on August 15, 2026 at 10:26 am, by josephine
Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus might shift to $2,335, which represents the 38.2% Fibonacci retracement of the 2024 rally. In Continue Reading
The gold rush: XAUUSD soars past $2,430
Written on August 15, 2026 at 10:25 am, by josephine
Key Points: Gold (Symbol: XAUUSD) climbed past $2,430 per ounce on Monday, marking a new record. This surge was driven by increasing speculations of Federal Reserve interest rate cuts, strong central bank purchases, and rising safe-haven demand. SEE: Gold experiencing sudden upswing on the VT Markets trading app Potential rate cuts from the US Federal Continue Reading
Dollar stable as traders await US rate policy updates
Written on August 15, 2026 at 10:25 am, by josephine
Key points: The dollar held steady on Monday as investors anticipated further guidance on the U.S. interest rate trajectory following cautious remarks from Federal Reserve officials. Despite cooling inflation signs, traders are eagerly awaiting more data to gauge future rate cuts. The Japanese yen (USDJPY) started the week on the back foot, weakening to 155.80 Continue Reading
Oil prices up as uncertainty looms over Iran president’s fate
Written on August 15, 2026 at 10:25 am, by josephine
Key points: Oil prices edged higher in early Asian trading on Monday, adding to last week’s gains. This increase came as rescuers searched for Iran’s President following a helicopter crash in the oil-producing nation and as the U.S. moved to replenish its national stockpile. Picture: Oil prices on the rise as seen on VT Markets Continue Reading
Australian Dollar climbs above $0.67 with fresh China stimulus and US Fed rate cut bets
Written on August 15, 2026 at 10:25 am, by josephine
Key Points: The Australian dollar (Symbol: AUDUSD) marched towards four-month highs, priced above $0.67, as fresh stimulus in China and bets for interest rate cuts in the US boosted commodity prices, lifting sentiment in the Australian markets. SEE: The Aussie reacts strongly on the VT Markets trading app Fresh stimulus measures in China Late last Continue Reading
Copper prices see slight decline with weaker base metals market and firmer US dollar
Written on August 15, 2026 at 10:25 am, by josephine
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 Dollar Index (DXY) declined as inflation eases: Markets rally on rate cuts optimism
Written on August 15, 2026 at 10:24 am, by josephine
Key Points: The US Dollar Index (DXY) experienced a sharp decline on 15 May 2023 (Wednesday), dropping about 1% from 105.04 to the 104.20 zone. This marks the third consecutive losing session for the greenback, which has now erased approximately 3% of its valuation this month. The catalyst for this decline was the latest US Continue Reading
Oil poised for weekly gain on rising demand
Written on August 15, 2026 at 10:24 am, by josephine
Key points: Oil prices increased on Friday, with global benchmark Brent set for its first weekly gain in three weeks due to signs of improving demand from key consumers China and the United States. Picture: Oil prices on the rise as seen on VT Markets app. Brent and WTI crude futures edge higher Brent crude Continue Reading
