AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.
Gold prices near record highs as anticipation of a US Fed rate cut boosts demand. Find out more about the factors driving the surge in gold.
Japan’s Nikkei share average fell sharply on Thursday, driven by a global sell-off in chip-related stocks and a strengthening yen. See why the Nikkei (NI225) dropped 2% to 40,277.86 by the midday break, dipping earlier to 40,112.56, the lowest since …
Japan’s yen surged to a six-week high on Thursday, sparking rumours of official intervention. Learn how the dollar experienced broad losses as markets anticipate U.S. rate cuts in the near future.
Key Points: After minor declines, Brent crude oil and WTI are trading at $83.62 per barrel and $80.65 per barrel respectively. US crude inventories fell by 4.4 million barrels, indicating tightening supply. Geopolitical risks in the Red Sea add to …
Key Points: Japan likely conducts yen-buying intervention, as suggested by Bank of Japan data. The BOJ projected a significant drop in commercial banks’ deposits, indicating potential currency intervention. The Ministry of Finance has not confirmed the intervention, though data suggests …
Key points: New Zealand’s CPI rose 0.4% in Q2, below the forecast of 0.5%. Annual inflation slowed to 3.3%, down from 4.0% in the previous quarter. The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline …
Key points: The dollar showed mixed performance after U.S. retail sales data, with traders eyeing potential Fed rate cuts in September. The New Zealand dollar gained 0.46% to $0.6078 due to higher-than-expected non-tradable inflation. The dollar experienced a mixed performance …
Key Points: Google is in talks to acquire cybersecurity firm Wiz for $23 billion. This comes weeks after Google walked away from a $25 billion deal to acquire HubSpot. The acquisition aims to bolster Google’s cloud-based cybersecurity capabilities. Google (Symbol: …
Key Points: The British pound reached a one-year high. UK growth expanded by 0.4% in May, and US inflation dropped to 3.0% in June. The upcoming interest rate decision by the Bank of England on August 1 could influence the …
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