Monthly Archives: August 2026
Oil prices climb on Gaza tensions and Saudi price hike
Written on August 15, 2026 at 10:17 am, by josephine
Key points: Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while U.S. West Texas Intermediate crude futures were at $78.64 a barrel, up 53 cents, or 0.7%. Last week, both futures contracts posted their steepest weekly loss in three months with Brent falling more than 7% and WTI Continue Reading
MARKETS TODAY: Traders expect greater downturn against the US dollar
Written on August 15, 2026 at 10:17 am, by josephine
With 65.61% of traders expecting a downturn in USD/JPY, conventional wisdom might suggest preparing for a decrease. However, the market often defies direct expectations, and the relatively high ratio of bears might hint at an overcrowded trade. For EUR/JPY, the sentiment is similarly bearish with 69.73% of traders betting on a drop and a short-to-long Continue Reading
South Korean shares rise on Fed rate cut hopes and positive U.S. stocks
Written on August 15, 2026 at 10:17 am, by josephine
Key points South Korean stock market gains 7th May 2024 – South Korean shares closed higher on Tuesday as investor optimism grew around potential rate cuts from the U.S. Federal Reserve. The positive momentum was also influenced by strong U.S. stock performance on Monday. The Korea Composite Stock Price Index (Kospi) rose by 57.73 points, Continue Reading
Oil stabilises, set for weekly fall on US economy concerns
Written on August 15, 2026 at 10:16 am, by josephine
Oil prices are rising today as OPEC+ members discuss possibly extending their supply cuts. Despite this upward movement, Brent and West Texas Intermediate (WTI) crude are set to end the week with losses, influenced by U.S. economic uncertainties and minimal impact on oil supplies from the ongoing Israel-Hamas conflict. Picture: Oil prices rising as seen Continue Reading
Gold prices steady despite uncertain US economic indicators
Written on August 15, 2026 at 10:16 am, by josephine
Gold prices are on track for a second consecutive weekly decline but remained stable on Friday morning at $2,301.49 per ounce as of 0215 GMT. The modest weekly loss of over 1% reflects a broader pullback from the record high of $2,431.29 reached earlier in April, with prices falling by $130 since that peak. U.S. Continue Reading
Asian stocks and Yen show resilience
Written on August 15, 2026 at 10:16 am, by josephine
Key points Asia-Pacific stock indices surge despite market closures Despite the closure of markets in Japan and mainland China, the regional stock indices responded positively, with MSCI’s broadest index of Asia-Pacific shares outside Japan climbing 1.5%, poised for a consecutive weekly rise. Hong Kong’s Hang Seng Index notably advanced by 2%, tracking towards a weekly Continue Reading
Euro Zone Bond Yields drop following U.S. economic data
Written on August 15, 2026 at 10:16 am, by josephine
6th May 2024 Key points: On Monday, bond yields in the euro zone saw a decrease. This movement in the bond market was largely due to new U.S. economic data that led traders to believe the Federal Reserve might cut rates twice in 2024. SEE: The euro 10-year bond yield sees a significant dip on Continue Reading
Shanghai copper falls on first trading session after holiday
Written on August 15, 2026 at 10:16 am, by josephine
Key points: Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market. Picture: Copper prices see a decline on VT Markets app. Post-holiday copper prices dip In the first trading session after the holiday, the most-traded June copper Continue Reading
Oil Prices See Rebound with U.S. Purchase Plans
Written on August 15, 2026 at 10:15 am, by josephine
Oil prices rebounded on Thursday as the U.S. signaled potential plans to replenish its strategic petroleum reserves. This news offered some support to the market after it faced a downturn driven by multiple factors including geopolitical hopes and economic uncertainties. Picture: Oil prices on the rise as seen on VT Markets app. Brent Crude and Continue Reading
Yen Sees Unexpected Volatility From Possible Intervention
Written on August 15, 2026 at 10:15 am, by josephine
2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a drastic recovery for USDJPY pair on the VT Markets trading app. The dollar regained strength, Continue Reading
