Monthly Archives: August 2026
Rate cut rumors keep forex markets on edge
Written on August 15, 2026 at 10:18 am, by josephine
Key Points: 8th May 2024 – On Wednesday, the U.S. dollar made modest gains, rebounding after previous losses which were influenced by market expectations of Federal Reserve rate cuts later this year. The greenback’s movements reflect ongoing adjustments in investor outlook following weaker-than-expected U.S. jobs data and signals from the U.S. central bank suggesting a Continue Reading
Gold prices steady ahead of the release of US economic data
Written on August 15, 2026 at 10:18 am, by josephine
Key points: Gold prices stabilise as economic data looms Gold prices held steady early Thursday, with spot gold priced at $2,309.23 per ounce. In contrast, U.S. gold futures saw a slight decrease of 0.2%, settling at $2,316.80. Investors are closely monitoring the upcoming U.S. economic reports, particularly the weekly jobless claims due at 1230 GMT Continue Reading
China sees swings on iron and steel
Written on August 15, 2026 at 10:18 am, by josephine
Key Points: On Thursday, iron ore and steel product prices in China experienced a decline, primarily influenced by reduced demand following the Labour Day holiday. Iron sees decline in May The most-traded September iron ore on China’s Dalian Commodity Exchange was down by 0.6%, trading at 874.50 yuan ($121.06) per metric tonne. In contrast, the Continue Reading
Optimism fuels global stocks, Yen weakness persists
Written on August 15, 2026 at 10:18 am, by josephine
Key points: Global stock markets experienced a significant rally on Monday, driven by the anticipation that major central banks might implement rate cuts later this year. This sentiment was further bolstered by a softer-than-expected U.S. labor market report last Friday, prompting traders to anticipate potential easing of monetary policy by the Federal Reserve as early Continue Reading
Gold prices climb on speculation of Federal Reserve rate cut
Written on August 15, 2026 at 10:18 am, by josephine
Key points: Gold prices rose for the second consecutive session on Tuesday. This increase comes as traders grow increasingly optimistic about a potential Federal Reserve rate cut later this year. Spot gold was up 0.2% at $2,327.11 per ounce early this morning, while U.S. gold futures also saw a 0.2% rise to $2,336.20. Picture: Gold Continue Reading
Australian dollar dips, bonds rally as RBA maintains interest rates
Written on August 15, 2026 at 10:18 am, by josephine
7th May 2024 Key points: RBA’s rate decision On Tuesday, the Australian dollar experienced a decline, losing a quarter of a cent to $0.6603, after the Reserve Bank of Australia decided to keep the cash rate steady at 4.35%. This rate has been unchanged since a hike in November of the previous year. While this Continue Reading
Dollar begins to rebound following last week’s decline
Written on August 15, 2026 at 10:17 am, by josephine
Key points The dollar displayed initial uncertainty at the outset of the week. However, recent sessions have seen a revival in its strength, spurred by key technical observations. After approaching crucial technical levels last Friday, the dollar avoided a breakdown, aiding its recovery early this week amid a fluctuating market sentiment. Picture: EUR/USD price movement Continue Reading
Hang Seng sees dip before Chinese trade data release
Written on August 15, 2026 at 10:17 am, by josephine
Key points On Wednesday, the Hang Seng Index saw a noticeable drop, decreasing by 0.90% or 165.51 points, closing the trading day at 18,313.86. Similarly, the Hang Seng China Enterprises Index fell by 1.07% or 69.95 points to end at 6,456.72. This downturn reflects a more cautious stance among traders as they await the release Continue Reading
Gold prices fall due to dollar strength and awaited Federal Reserve comments
Written on August 15, 2026 at 10:17 am, by josephine
6th May 2024 – In the early trading hours on Monday in Asia, gold prices saw a decrease of 0.3%, with spot gold dropping to $2,294.97 per ounce as of 0040 GMT. Similarly, U.S. gold futures also experienced a dip of 0.3%, settling at $2,301.00 per ounce. This decline coincided with a slight firming of Continue Reading
MARKETS TODAY: Asian stocks climb, Yen continues descent
Written on August 15, 2026 at 10:17 am, by josephine
Key Points: Asian stocks reached their highest levels in more than a year this Monday, driven by growing expectations that the U.S. Federal Reserve might reduce interest rates later this year. Although trading volumes were lower due to a holiday in Japan, the positive mood has seemingly spread across other major Asian markets. Asian market Continue Reading
