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    DAILY MARKET ANALYSIS

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

    6 August 2024
    EURUSD rallies on weak US jobs data: Best day since November 2023 

    EURUSD surged 1.3% as weak US nonfarm payrolls data fueled expectations of a significant Fed rate cut. Read more to understand the market opportunities and risks.

    6 August 2024
    Strong yen brings down Japan Inc’s high-flying success

    In just three trading sessions, the Nikkei share average (NI225) has lost a fifth of its value. On Monday, it tumbled 12.4%, marking its second-largest decline on record and its biggest since the Black Monday crash of October 1987.

    6 August 2024
    Rupee may drop to near 84/USD; RBI intervention likely

    The Indian rupee is poised to weaken on Tuesday, with forecasts indicating it could reach an all-time low against the U.S. dollar. The non-deliverable forwards (NDF) market suggests that the rupee (USDINR) will open at 83.97-83.99 to the dollar, slipping …

    5 August 2024
    Gold eases as profit-taking takes place, but rate-cut bets provide support 

    Gold prices eased as profit-taking takes place but worries about recession and rising expectations of US interest rate cuts limited its downside.

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