About: josephine
Recent Posts by josephine
Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper
Key points: Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. This, coupled with weak demand, exerted pressure on metals like Continue Reading
Written on August 15, 2026 at 10:36 am
Categories: Today's Analysis
Dollar remains close to an 8-week low as payroll test approaches
Key points: The dollar hovered close to an eight-week low on Friday, with market participants keenly awaiting the U.S. jobs report. This report is expected to provide important clues on the timing of potential Federal Reserve interest rate cuts. The euro retained its overnight gains after the European Central Bank (ECB) reduced rates in a Continue Reading
Written on August 15, 2026 at 10:35 am
Categories: Today's Analysis
Gold set for first weekly gain in three weeks as US dollar, yields decline
Key points: Gold prices held steady on Friday and were on track for their first weekly gain in three weeks. Traders are betting that the U.S. Federal Reserve will start cutting rates soon, which has sent the dollar and Treasury yields lower. Spot gold was little changed at $2,377.13 per ounce as of 0321 GMT, Continue Reading
Written on August 15, 2026 at 10:35 am
Categories: Today's Analysis
Oil prices dip due to uncertainty on OPEC+ cuts and strengthening of USD
Key points: Oil prices nudged lower for the second consecutive session on Monday, pressured by a stronger dollar as expectations for US interest rate cuts were delayed following robust nonfarm payrolls data released on Friday. Brent crude oil futures (Symbol: UKOUSD) slipped to $79.58 a barrel, while US WTI crude oil futures (Symbol: USOUSD) fell 4 Continue Reading
Written on August 15, 2026 at 10:35 am
Categories: Today's Analysis
Euro hits one-month low following Macron’s snap French election call
Key points: The Euro experienced a decline, reaching a one-month low, as French President Emmanuel Macron announced a snap legislative election, stirring political uncertainties. Concurrently, the dollar gained strength, buoyed by an unexpectedly strong U.S. jobs report last Friday, which tempered expectations for imminent rate cuts. Picture: The downside prevails for EUR/USD pairs. Download the Continue Reading
Written on August 15, 2026 at 10:35 am
Categories: Today's Analysis
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