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    19 July 2024
    Taiwan dollar hits 8-year low on chip sell-off

    The Taiwanese dollar fell to its lowest level since May 2016, trading at 32.786 per dollar before settling at 32.762, down 0.5%. This decline was driven by a sell-off in chip stocks and concerns over a possible isolationist shift in …

    19 July 2024
    Corn, soybeans, and wheat face weekly losses with ample supply

    Chicago corn and soybean futures experienced a modest rise on Friday but stayed close to their lowest levels since 2020. This trend points to a challenging week for these agricultural commodities, driven by favourable crop weather in the United States …

    19 July 2024
    Nvidia shares plunge in the face of geopolitical tensions

    Nvidia stock prices drop as geopolitical tensions and regulatory concerns spook the market. Explore the implications and forecasts.

    19 July 2024
    British pound holds its strength over stable UK inflation and strong wage growth 

    The GBPUSD pair reached a one-year high, driven by stable UK inflation and resilient wage growth, while the US dollar faces a challenging week.

    18 July 2024
    AUD directionless after mixed jobs report & rate hike uncertainty

    AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.

    18 July 2024
    Gold prices rise in anticipation of Fed rate cut and economic uncertainty 

    Gold prices near record highs as anticipation of a US Fed rate cut boosts demand. Find out more about the factors driving the surge in gold.

    18 July 2024
    Japan’s Nikkei drops 2% on global chip sell-off and surging yen

    Japan’s Nikkei share average fell sharply on Thursday, driven by a global sell-off in chip-related stocks and a strengthening yen. See why the Nikkei (NI225) dropped 2% to 40,277.86 by the midday break, dipping earlier to 40,112.56, the lowest since …

    18 July 2024
    Yen soars, investors spooked by intervention fears

    Japan’s yen surged to a six-week high on Thursday, sparking rumours of official intervention. Learn how the dollar experienced broad losses as markets anticipate U.S. rate cuts in the near future.

    17 July 2024
    Oil prices finding a balance between slowing demand and tightening supply

    Key Points:  After minor declines, Brent crude oil and WTI are trading at $83.62 per barrel and $80.65 per barrel respectively.  US crude inventories fell by 4.4 million barrels, indicating tightening supply.  Geopolitical risks in the Red Sea add to …

    17 July 2024
    Japan likely conducting intervention to defend the yen

    Key Points:  Japan likely conducts yen-buying intervention, as suggested by Bank of Japan data.  The BOJ projected a significant drop in commercial banks’ deposits, indicating potential currency intervention.  The Ministry of Finance has not confirmed the intervention, though data suggests …