Key points: Australian and New Zealand dollars slip ahead of Fed meeting and U.S. inflation data. Support for Aussie dollar at $0.6580 and kiwi dollar at $0.6080. The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared …
Key points: Indonesian Rupiah reaches a four-year nadir, influencing broader trends in emerging Asian currencies. Jakarta stocks descend to their lowest point since November 2023, amid regional market pressures. The Indonesian Rupiah marked a new four-year low on Monday, declining …
Key points: Euro drops sharply due to political uncertainties in France and a strong U.S. job report. Dollar strengthens, supported by expectations of delayed rate cuts by the Federal Reserve. The Euro experienced a decline, reaching a one-month low, as …
Key points: Brent crude futures fell to $79.58, and WTI crude futures dropped to $75.49 per barrel. Strong US jobs data pushed out expectations for interest rate cuts, strengthening the US dollar. Call for snap legislative elections by Macron adds …
Key points: US nonfarm payrolls exceed expectations with 272,000 new jobs in May. Strong job gains complicate the trajectory of the anticipated rate cut by the Federal Reserve. A high interest rate prospects boost the US dollar and impact gold …
The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which …
Key points: Brent crude futures rise to $79.89 per barrel; WTI crude futures reach $75.59. Oil prices supported by reassurance from Saudi Arabia and Russia about potential adjustments to supply agreements. Prices set for the third consecutive week of declines …
Key Points: Nvidia surpasses Amazon and Apple to become the second-largest US company. Shares of Nvidia close at a record $1,224.40, bringing the company to a market cap of $3.01 trillion. Elon Musk orders thousands of AI chips from Nvidia, …
Key points: Weaker labor data could boost gold prices, according to analysts. The U.S. non-farm payrolls data is due at 1230 GMT. Gold is expected to reach another record high this year. Gold prices held steady on Friday and were …
Key points: The dollar index (DXY) remains close to an eight-week low ahead of a significant U.S. jobs report. Traders anticipate weaker jobs growth, which could influence future Federal Reserve rate cuts. The dollar hovered close to an eight-week low …
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