Key Points Asian currencies gained 0.1%-0.2%, and equities rose following strong US jobless claims data, easing recession fears. Despite positive Asian cues, the Indian rupee remains among the worst performers this month, reflecting strong US dollar demand. The rupee’s divergence …
Key Points The unemployment rate of New Zealand increased, but less than expected, in the second quarter, which provided some relief to the market. Employment figures showed growth, and while annual wage inflation continued to slow for the fifth consecutive …
Oil prices edged higher after a significant drop in US crude inventories, rebounding from multi-month lows. Learn more about the factors influencing the oil market.
GBPUSD forming potential double bottom after the rate cut decision from the BoE. Explore market impacts and short-term trading opportunities in the British pound.
Key points Spot gold increased by 0.3% to $2,387.37 per ounce. U.S. gold futures slipped 0.3% to $2,426.00 per ounce. Market sees a 72% chance of a 50 basis points rate cut in September. Spot gold prices rose 0.3% to …
Chicago soybeans gained 0.2%, reaching $10.20-1/4 a bushel as of 0025 GMT, marking their first rise in three sessions. Corn futures edged up by 0.1% to $4.01 a bushel, and wheat inched higher by 0.1% to $5.38-3/4 a bushel.
The Australian dollar appreciates to near one-week high after RBA maintains cash rate at 4.35% and warns inflation remains high. US Fed rate cuts also influence the Aussie.
Airbnb reports Q2 2024 earnings with an EPS of 86 cents, missing estimates, but beats revenue expectations with $2.75 billion. Read more about the market implications.
Asian share markets extended their gains on Wednesday, with a notable rise in the Nikkei. This surge followed the Bank of Japan’s unexpected indication that it would not raise interest rates while markets remain volatile, leading to a sharp fall …
The dollar held its ground on Wednesday, while the yen retreated from a seven-month peak. Currency markets stabilised after a turbulent start to the week driven by recession fears and the unwinding of carry trades.
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