Monthly Archives: August 2026
Rupee Under Pressure From Delayed US Rate Cuts
Written on August 15, 2026 at 10:13 am, by josephine
The Indian rupee closed lower against the U.S. dollar on Monday, settling at 83.41, down from its previous session’s close of 83.34. SEE: USD makes significant gains against INR on VT Markets trading app. Factors such as increased dollar purchases by foreign banks and weakness across Asian currencies shaped this outcome, driven by expectations that the Continue Reading
Japanese Yen Surges; Is it BoJ Intervention?
Written on August 15, 2026 at 10:13 am, by josephine
In a dramatic turn of events in Asian markets on Monday, the Japanese yen recorded a surge against the dollar, appreciating by 5 yen, with traders attributing this sharp recovery to heavy dollar-selling by Japanese banks. This intervention seemed to be a response to the yen touching fresh 34-year lows earlier in the day. Picture: Continue Reading
Tesla Expands Full Self-Driving Technology to China
Written on August 15, 2026 at 10:13 am, by josephine
Over the weekend, Tesla CEO Elon Musk announced that Tesla’s advanced driver-assistance system, Full Self Driving (FSD), has been cleared for sale in China, prompting a 15% surge in Tesla’s stock on Monday. This move marks a significant expansion for Tesla into the Chinese market, which is already a major hub for electric vehicle (EV) Continue Reading
Supply Worries Set Wheat for Biggest Weekly Gain in Two Years
Written on August 15, 2026 at 10:12 am, by josephine
As the trading week closes, Chicago wheat futures are on track to record their largest weekly uptick since 2021, fuelled by persistent dry conditions in key wheat-growing areas of Russia and the United States. These adverse weather patterns are stoking fears of a tightened supply landscape. Corn and soybeans also saw upward movements. Corn is Continue Reading
Japan’s Bond Yields Surge as BoJ Meeting Looms
Written on August 15, 2026 at 10:12 am, by josephine
Japan’s 10-year government bond yield has ascended to a more than five-month peak, increasing by 4 basis points to 0.93%, the highest since November 3, and settled at 0.925%. The two-year yield, reacting to the Bank of Japan’s (BoJ) monetary policy, rose to its highest since July 2009, at 0.315%. This movement reflects anticipation of Continue Reading
Copper Approaches $10,000 per Ton, Attracts More Investors
Written on August 15, 2026 at 10:12 am, by josephine
Copper prices have been inching closer to the $10,000 per metric ton mark, reflecting a broader uptrend among base metals driven by increasing investment flows. On the London Metal Exchange (LME), the price for three-month copper reached $9,965.50 per ton, showing a 1% increase, while the Shanghai Futures Exchange (SHFE) reported a 1.5% rise in Continue Reading
TODAY: Gold Sees Slight Uptick Ahead of U.S. Inflation Data
Written on August 15, 2026 at 10:12 am, by josephine
Gold prices saw a modest increase on Friday, with spot gold climbing 0.3% to $2,339.32 per ounce by 0640 GMT, and U.S. gold futures also rising 0.4% to $2,351.20. This slight uptick comes as markets anticipate the release of key U.S. inflation data. Weekly Gold Price Dynamics Despite Friday’s increase, gold is poised for its Continue Reading
U.S. Inflation Data Weakens Asian Currencies, but Equities See Upswing
Written on August 15, 2026 at 10:12 am, by josephine
29th April 2024 – Following recent inflation data in the United States, which indicated that immediate interest rate cuts are unlikely, currencies in Asian emerging markets experienced subdued activity. The Indonesian rupiah depreciated by 0.3% against the U.S. dollar, while the South Korean won saw a slight retreat of 0.1%. Asian Upswing Contrasting the currency Continue Reading
Oil Prices Volatile with Changing Expectations of Economy, Middle East
Written on August 15, 2026 at 10:11 am, by josephine
Today, 25th April 2024, oil prices showed minor fluctuations in early Thursday trading, reflecting a blend of geopolitical concerns and economic indicators. Brent crude futures slightly dropped by 9 cents to $86.95 a barrel, while fell 7 cents to $82.74 a barrel, both marking a decrease of about 0.1%. These modest changes follow a less Continue Reading
S&P 500 Rises Despite Mixed Earnings, Higher Bond Yields
Written on August 15, 2026 at 10:11 am, by josephine
In a session marked by volatile trading, the S&P 500 climbed, ending the day up 1.08 points or 0.02%, closing at 5,071.63. This gain came as the market processed a series of mixed signals—from an uptick in bond yields following a substantial auction of U.S. Treasury notes to varied corporate earnings reports across key sectors. Continue Reading
