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    DAILY MARKET ANALYSIS

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

    31 July 2024
    Japan banks lead Nikkei higher following BOJ rate hike

    Key points: The Nikkei index increased by 0.25%, supported by banking stocks after the BOJ rate hike. Banks attracted substantial foreign investments, with net stock purchases reaching 472 billion yen. Japan’s Nikkei share average rose on Wednesday, buoyed by banking …

    31 July 2024
    Base metals prices see uptick due to softer dollar

    Nonferrous metals prices experienced an uptick on Wednesday, bolstered by a weaker dollar. However, the overall monthly trend points to a decline due to subdued demand from China.

    31 July 2024
    Australian dollar drops to 3-month low as market anticipates rate cuts

    The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.

    31 July 2024
    Emerging Asian currencies and stocks surge anticipating Fed decision

    Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.

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