About: josephine

Recent Posts by josephine

Japan’s Nikkei gains on Nvidia surge; Profit-taking limits further upside

Key points: Japan’s Nikkei share average ended higher on Wednesday, following an overnight rally in Wall Street’s semiconductor stocks. Nvidia’s impressive performance helped push Japan’s technology shares upward in the morning. Nvidia, which surpassed Microsoft to become the world’s most valuable company overnight, had a observable impact. The Philadelphia Semiconductor Index also climbed over 1%, Continue Reading

Yen cautious before BOJ meeting; Euro falters with weekly loss in sight

Key points: On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the euro was headed for a weekly loss due to political turmoil in France. The dollar gained strength against both currencies, buoyed by safe-haven bids and eurozone political uncertainties. Yen anticipates BOJ decision Picture: Japanese Continue Reading

Aussie and Kiwi hit multi-month highs on Euro

Key points: On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar as risk aversion swept through European markets. However, both currencies reached multi-month highs against the struggling euro. The Bank of Japan’s announcement to taper its bond-buying program after its July policy meeting also contributed to gains against the Continue Reading

Oil prices edge down as demand growth prospects remain uncertain 

Key points:  Oil prices edged down in Asian trade on Tuesday, after rallying in the previous session. Brent crude oil (Symbol: UKOUSD) dropped to $84.13 per barrel, while West Texas Intermediate (WTI) crude oil (Symbol: USOUSD) decreased to $80.19 a barrel.   The images above show the bullish momentum in oil prices, as observed on the VT Continue Reading

Aussie sees minimal boost from RBA’s hawkish stance

Key points: The Australian dollar showed little movement on Tuesday after the Reserve Bank of Australia (RBA) maintained a cautious stance against inflation. The RBA concluded its June policy meeting with rates held at 4.35%, emphasising that household consumption was stronger than initially reported and monthly consumer price figures had not improved. This stance suggested Continue Reading

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