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    Today’s Analysis

    9 July 2024
    Wheat and soybean prices stabilise with improved crop conditions 

    Wheat and soybean prices steadied after sharp declines as better-than-expected crop conditions are reported. Read more for the forecast and trading opportunities.

    9 July 2024
    Rupee will rely on Powell’s testimony to end deadlock

    Key points The rupee’s non-deliverable forwards indicate an opening range of 83.48-83.50 per U.S. dollar. Investors anticipate Powell’s comments for clues on potential rate cuts. The Indian rupee is poised to open largely unchanged on Tuesday as traders eagerly await …

    9 July 2024
    Gold edges higher as focus turns to Fed Powell’s testimony

    Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.

    9 July 2024
    US dollar declines as job growth slows 

    The US dollar weakens in the face of softer job growth and expectations of potential rate cuts. Upcoming testimony by Jerome Powell may provide deeper insights.

    8 July 2024
    Japan’s Nikkei edges higher with profit-taking and market adjustments

    The Nikkei share average saw modest gains on Monday, tempered by profit-taking following last week’s record highs. Market sentiment remains cautious with key economic data on the horizon.

    8 July 2024
    Aussie approaches six-month high despite diverging rate expectations

    The Australian dollar (AUD) is nearing a six-month high due to yield differentials and prospects of a Federal Reserve rate cut. The New Zealand dollar (NZD) faces an important central bank policy meeting.

    5 July 2024
    Tesla stock surges on strong Q2: Musk reclaims title of wealthiest person 

    Stock price of Tesla rebounds by 75%, driven by strong Q2 delivery figures. Elon Musk reclaims the top spot among the rich in the world, with a net worth of $252 billion.

    5 July 2024
    Indonesian foreign exchange reserves hit record highs 

    The foreign exchange reserves of Indonesia surged, driven by robust tax revenues and foreign loan withdrawals. Learn how this helps the economic stability in Indonesia.

    5 July 2024
    Dollar drops for 3 weeks; Pound steady after UK election

    The U.S. dollar hovered near three-week lows on Friday, anticipating the release of payrolls data that could influence the outlook for interest rates. Meanwhile, the pound remained firm as the Labour party seemed poised to secure a significant majority in …

    5 July 2024
    Canadian dollar rises to one-month peak before domestic jobs report

    The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.