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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    30 April 2024
    Russian Rainfall Leads to Drop in Chicago Wheat Futures

    30th April 2024 Chicago wheat futures continued to decline on Tuesday, dropping 0.4% to $6.06 a bushel by 0034 GMT. This move follows a significant 2% decrease on Monday, moving away from last week’s four-month high of $6.33-1/2 a bushel, …

    29 April 2024
    U.S. Inflation Data Weakens Asian Currencies, but Equities See Upswing

    29th April 2024 – Following recent inflation data in the United States, which indicated that immediate interest rate cuts are unlikely, currencies in Asian emerging markets experienced subdued activity. The Indonesian rupiah depreciated by 0.3% against the U.S. dollar, while …

    29 April 2024
    Japanese Yen Surges; Is it BoJ Intervention?

    In a dramatic turn of events in Asian markets on Monday, the Japanese yen recorded a surge against the dollar, appreciating by 5 yen, with traders attributing this sharp recovery to heavy dollar-selling by Japanese banks. This intervention seemed to …

    29 April 2024
    Rupee Under Pressure From Delayed US Rate Cuts

    The Indian rupee closed lower against the U.S. dollar on Monday, settling at 83.41, down from its previous session’s close of 83.34. SEE: USD makes significant gains against INR on VT Markets trading app. Factors such as increased dollar purchases by …

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