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    quotations analysis

    21 June 2024
    Aussie surges as interest rate outlooks diverge

    Key points: The Australian dollar hits a 17-year high against the yen and a one-year top on the euro. The Reserve Bank of Australia (RBA) holds rates steady at 4.35% while warning of potential inflation risks. The Australian dollar experienced …

    20 June 2024
    Tech giants propel Nasdaq to record highs with broad market gains 

    Key points:  The Nasdaq Composite hits its sixth consecutive record close.  Microsoft, Apple, and Nvidia reach new highs, contributing to market optimism.  The Nasdaq Composite (Symbol: NAS100) continues its impressive run, setting a record high for the sixth consecutive session. The …

    20 June 2024
    Wheat prices retreat with improved global supply 

    Key points:  Wheat prices dipped to a two-month low with an improved global supply outlook.  Soybean prices also declined, reflecting easing weather concerns.  Increased wheat production forecasts from major exporters like Russia and Argentina.  Wheat prices (Symbol: Wheat-C) fell on …

    20 June 2024
    Sterling holds steady ahead of BoE decision; Dollar falters against yen

    Key points: Sterling last bought $1.2719 Dollar slipped 0.05% against the yen to 157.99 Euro rose 0.03% to $1.0747 The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, …

    20 June 2024
    Canadian dollar holds steady close to one-week high after BoC minutes

    Key points: Loonie touches a one-week high at 1.3699 BoC minutes reveal the bank considered delaying rate cuts Price of U.S. oil dips 0.1% Bond yields rise across the curve The Canadian dollar held its ground against the U.S. dollar …

    19 June 2024
    Japan’s Nikkei gains on Nvidia surge; Profit-taking limits further upside

    Key points: Japan’s Nikkei closes 0.23% higher, influenced by Nvidia’s strong performance. Profit-taking in the afternoon curbed further gains despite positive sentiment. Japan’s Nikkei share average ended higher on Wednesday, following an overnight rally in Wall Street’s semiconductor stocks. Nvidia’s …

    19 June 2024
    Japanese yen plummets as silence on rate hike timeline from the Bank of Japan disappoints 

    Key points:  USD/JPY pair surged as the Bank of Japan leaves interest rates unchanged.  Lack of forward-looking guidance leads to a sharp decline of the Japanese yen.  Bank of Japan to begin reducing its ¥6 trillion monthly bond-buying program.  This …

    19 June 2024
    Gold rises as prospects of Fed Rate cut enhance its appeal

    Key points: Further US economic weakness expected to lift gold prices. May US retail sales softer than anticipated. Weekly jobless claims data due on Thursday. Gold prices edged higher on Wednesday following weaker-than-expected US retail sales data, bolstering hopes that …

    19 June 2024
    US dollar regains strength ahead of key retail sales data 

    Key points:  The US dollar index rises to the 105.50 price level.  Retail sales data for May 2024 expected to match the 0.2% annual growth of April 2024.  Steady interest rates and lower inflation support the strength of the US …

    18 June 2024
    Japan’s Nikkei climbs as investors snap up shares following sharp decline

    Key points: The Nikkei rose 1% to 38,482.11. The broader Topix ended 0.58% higher at 2,715.76. Tokyo Electron rose 2.7%, while TDK jumped 6.32%. Japan’s Nikkei share average saw a recovery on Tuesday, rising 1% to 38,482.11 as investors took …