Key Points: Wheat and soybean pull back after a short-covering rally, remaining near multi-week highs. Global supply concerns persist due to poor European production and U.S. Midwest weather stress. Traders brace for further price action amid strong speculative activity. This …
Oil prices lay flat after sell-off, balancing weak demand and possible OPEC+ production delay. Traders watch OPEC+ decisions and US crude stock data as global demand concerns persist. -vtmarkets.com
The U.S. dollar dipped on Thursday as traders raised their expectations of an outsized rate cut from the Federal Reserve later this month. Concerns over the U.S. economy’s growth outlook, following weaker-than-expected data, have pushed investors toward safe-haven currencies like …
Gold prices remained largely flat on Thursday, reflecting investor caution ahead of the U.S. nonfarm payrolls report. This data could signal future rate moves by the Federal Reserve, particularly with market attention focused on whether a rate cut will materialise …
The Mexican peso fell to its lowest level since December 2022, driven by political uncertainties surrounding constitutional reforms and growing economic challenges. Investor confidence wavers as concerns over judicial independence and weak economic data persist. -vtmarkets.com
The foreign exchange reserves of South Korea increased to $415.9 billion in August, driven by higher securities holdings and a stable IMF position. USD/KRW showed relative stability despite significant shifts in reserve composition. -vtmarkets.com
Global financial markets shifted into risk-off mode on Wednesday as the Japanese yen gained strength and risk-sensitive currencies like the Australian dollar and British sterling weakened. These movements followed a sharp sell-off in U.S. equities, driven by weaker-than-expected manufacturing data. …
On Wednesday, Japan’s Nikkei 225 index dropped to its lowest point since mid-August, reflecting global market anxiety. The index fell by 3.3% to 37,393.48 by 0134 GMT, after initially dipping 4% earlier in the session. -vtmarkets.com
The USDJPY pair continues its upward trajectory as the dollar gains strength, despite flatlining inflation data. -vtmarkets.com
he S&P 500 ended August with a 3.7% gain despite volatility, as markets now look ahead to the Federal Reserve’s rate decision in September. -vtmarkets.com
Official partners:
