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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
Key points: The RBA held rates steady at 4.35%. Markets now see a 56% chance of a rate cut in December. Core inflation in Australia stands at an annual 4.0%. The Australian dollar showed little movement on Tuesday after the …
Key points: Brent crude oil fell to $84.13 per barrel. West Texas Intermediate crude oil slipped to $80.19 a barrel. Market focus shifts to global demand growth and inventory levels. Oil prices edged down in Asian trade on Tuesday, after …
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