Key Points: GBPUSD fell 1% after US dollar strength was fueled by lower-than-expected jobs data. The US economy added 142,000 jobs in August, below the consensus estimate of 164,000. Markets now anticipate volatility leading up to the Fed’s interest rate …
Key Points: AUDUSD dips below $0.666 due to weak consumer and business sentiment in Australia. Traders exercise caution ahead of key U.S. inflation data and potential Federal Reserve rate cuts. RBA keeps rates steady, focusing on managing inflation and labor …
Key points: Apple revealed the iPhone 16 Pro, featuring improved battery life and AI-driven personal intelligence capabilities. Apple shares are forecasted to grow earnings by 9% in FY24, with a 2% increase in sales. Apple hosted its highly anticipated September …
Key points: Spot gold remains flat at $2,504.98 per ounce as of 0027 GMT. Fed funds futures price in a 70% chance of a 25-basis-point interest rate cut in September. Gold prices remained stable on Tuesday as investors awaited critical …
Key Points: Gold prices held near $2,500 per ounce as markets speculated on the Fed’s upcoming interest rate decision. Mixed U.S. jobs data, with fewer jobs added than expected, but rising wages and steady unemployment at 4.2%. Market participants are …
Key Points: Oil prices jumped in the Asian session following the steep selloff.. Weather concerns, including a potential hurricane approaching the U.S. Gulf Coast contributed to the rebound. Oil prices made a sharp recovery as the threat of a hurricane …
Key points: Japan’s Nikkei index fell 3.02%, breaking below 36,000 for the first time since mid-August. Chipmaker Renesas and Lasertec fell sharply by 7.72% and 8.15%, respectively. Japan’s Nikkei 225 index dropped 3.02% on Monday, falling to 35,292.62 as of …
Key points: Dollar stays within range: USD remains steady with the DXY index at 101.21. Yen drops: USDJPY fell 0.26% to 142.65, paring last week’s gains. The dollar held steady on Monday as investors remained uncertain about the size of …
Key Points: NZDUSD remained stable at $0.6221 U.S. jobs data expected to determine the likelihood of a 50-basis-point Fed rate cut in September. The Reserve Bank of New Zealand is forecasted to cut rates again in October, but improved confidence …
Key Points: The Indian rupee is expected to remain near its weakest of 84 due to limited volatility. U.S. jobs data will likely determine whether the Federal Reserve will cut rates by 25 or 50 basis points in September. RBI …
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