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 …
Key points: Stock price of Nvidia appreciated over 140% in 2024, crossing a $3 trillion market cap. The price movement is displaying the pattern of a “bubble-ish territory” This article is a follow-up to: Nvidia soars to record highs Nvidia …
Key points: Cocoa prices rise above $10,000 per metric ton, heading toward all-time highs. Ivory Coast halts cocoa exports for June and forward sales for the next season. Ghana delays delivery of up to 350,000 tons of cocoa beans due …
Key points: South African rand rose against the US dollar, trading at 18.36540. Market optimism surrounds the potential formation of a coalition government. Hopes are high for a business-friendly coalition including the Democratic Alliance. The South African rand rose against …
Key points: Australian and New Zealand dollars reach multi-month highs against the euro. Political uncertainty in Europe boosts demand for safe-haven assets, impacting bond yields. On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar …
