About: anakin
Recent Posts by anakin
Sterling holds steady ahead of BoE decision; Dollar falters against yen
Key points: The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, meanwhile, faced mixed movements against major currencies as it awaited fresh market catalysts. The pound traded at $1.2719, having eked out a slight gain in the previous session. The euro rose 0.03%Continue Reading
Written on June 20, 2024 at 2:48 am
Categories: Today's Analysis
Tags: Aussie, Dollar, Forex, Pound, Yen
Canadian dollar holds steady close to one-week high after BoC minutes
Key points: The Canadian dollar held its ground against the U.S. dollar on Wednesday, maintaining near its one-week high. Investors were analyzing the minutes from the Bank of Canada’s (BoC) recent meeting while keeping an eye on the upcoming Canadian inflation data. See: Canadian dollar trading at 1.37125 as seen on the VT Markets app.Continue Reading
Written on June 20, 2024 at 2:15 am
Categories: Today's Analysis
Tags: Loonie, Policy
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
Written on June 19, 2024 at 9:40 am
Categories: Today's Analysis
Tags: Indices, Nikkei, Stocks
Japanese yen plummets as silence on rate hike timeline from the Bank of Japan disappoints
Key points: This article is a follow-up to: Yen cautious before BOJ meeting The USD/JPY pair saw a sharp increase following the decision from the Bank of Japan (BoJ) to keep its interest rates unchanged. This decision led to the Japanese yen plummeting against the US dollar, with the greenback gaining approximately 1%, moving fromContinue Reading
Written on June 19, 2024 at 9:28 am
Categories: Today's Analysis
Tags: Dollar, Forex, Yen
Gold rises as prospects of Fed Rate cut enhance its appeal
Key points: Gold prices edged higher on Wednesday following weaker-than-expected US retail sales data, bolstering hopes that the Federal Reserve will cut interest rates this year. Spot gold was up 0.1% at $2,328.67 per ounce as of 0631 GMT, while US gold futures fell 0.2% to $2,330.30. Picture: Gold trading at 2332.74 as seen onContinue Reading
Written on June 19, 2024 at 9:22 am
Categories: Today's Analysis
Tags: Gold
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