Monthly Archives: August 2026
USDJPY rallies as dollar gains fresh momentum over weaker yen
Written on August 15, 2026 at 11:16 am, by josephine
The USDJPY pair continues its upward trajectory as the dollar gains strength, despite flatlining inflation data. -vtmarkets.com
Yuan firms against dollar as markets await key U.S. inflation and China PMI data
Written on August 15, 2026 at 11:15 am, by josephine
Key Points: The Chinese yuan (Symbol: USDCNH) recovered from three consecutive sessions of decline as traders brace for significant economic data releases, including the U.S. inflation report and China’s manufacturing PMI. The movement of the Chinese yuan has largely been constrained within a narrow trading range, with market participants closely monitoring the U.S. dollar and Continue Reading
The British pound faces key test as it retreats from 2024 highs
Written on August 15, 2026 at 11:15 am, by josephine
Key Points: The British pound saw a pullback retreating from its recent gains against the U.S. dollar. Despite this decline, the pound remains close to its 2024 high of $1.3269. For enthusiasts, limiting the decline to a shallow slide could signal a growing bid for cable, especially given the underlying support from rate differentials. Picture: Continue Reading
Dollar hits two-week high against euro ahead of US jobs data
Written on August 15, 2026 at 11:15 am, by josephine
The dollar extended its gains on Monday, reaching a two-week high against the euro as traders scaled back their expectations for aggressive policy easing by the Federal Reserve. With a key U.S. jobs report scheduled for release later this week, the dollar’s momentum reflects growing uncertainty over the Fed’s next steps. -vtmarkets.com
Oil prices slide further on weak Chinese data and potential OPEC+ output increase
Written on August 15, 2026 at 11:15 am, by josephine
Oil prices continued their decline as weak economic data from China and the prospect of increased OPEC+ production in October raised concerns over future demand and supply dynamics -vtmarkets.com
Dow Jones hits new record while tech stocks weigh on Nasdaq
Written on August 15, 2026 at 11:15 am, by josephine
Key Points: The Dow Jones Industrial Average (Symbol: DJ30) continued its impressive run, notching its 25th record close of the year as it climbed to 41,335.63. This marked a significant contrast to the tech-heavy Nasdaq Composite (Symbol: NAS100) and the broader S&P 500 (Symbol: SP500), both of which struggled due to a pullback in technology Continue Reading
Aussie targets $0.6871 on strong inflation data; kiwi gains on confidence boost
Written on August 15, 2026 at 11:14 am, by josephine
Key points: The Australian and New Zealand dollars have held firm near their eight-month highs, driven by a weakening U.S. dollar and momentum from technical buyers aiming to push through chart resistance levels. The Australian dollar (AUDUSD) currently trades around $0.6793, just below its recent peak of $0.6812. As momentum builds, support is identified at $0.6759 Continue Reading
Dollar set to break 5-week losing streak as Fed rate cut expectations diminish
Written on August 15, 2026 at 11:14 am, by josephine
The U.S. dollar is on track to snap a five-week losing streak, trading near a one-week high against major peers on Friday. This rebound comes as robust U.S. economic data has led traders to pare back their bets on aggressive Federal Reserve interest rate cuts. -vtmarkets.com
Aussie and kiwi poised to end the month with solid gains as U.S. dollar weakens
Written on August 15, 2026 at 11:14 am, by josephine
The Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) stood at $0.6797 after reaching an eight-month high of $0.6823, marking a 3.9% gain for the month. -vtmarkets.com
Copper prices edge higher on Fed rate cut hopes
Written on August 15, 2026 at 11:14 am, by josephine
Copper prices (Symbol: Copper-C) climbed to $4.21 per pound, marking a crucial recovery and positioning the orange metal for its first monthly gain since May 2024, with a modest 0.5% increase so far in August 2024. -vtmarkets.com
