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    DAILY MARKET ANALYSIS

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

    2 August 2024
    Yen and Swiss franc near highs as US slowdown fears grow; sterling dips

    Key points: Yen and Swiss franc near multi-month highs due to U.S. manufacturing slump. Sterling hits one-month low as Bank of England starts rate-cutting cycle. The Japanese yen and Swiss franc traded close to multi-month highs against the dollar on …

    1 August 2024
    Japanese market shakes as BOJ policy shift hits Nikkei

    Thursday saw Japan’s Nikkei share average take a sharp tumble as the yen surged following the Bank of Japan’s (BOJ) historic monetary policy meeting on Wednesday.

    1 August 2024
    Rupee edges higher with Asian peers; forward premiums increase

    The rupee (USDINR) stood at 83.70 against the U.S. dollar as of 11:00 a.m. IST, up from its previous close of 83.72. On Wednesday, the currency had hit a record low of 83.7450. Asian currencies rose between 0.1% and 0.8%, …

    1 August 2024
    Aussie and Kiwi hold steady as bond rally fuels rate cut hopes

    The Australian dollar (AUDUSD) held at $0.6540, recovering from a three-month low of $0.6480 overnight. Support lies around $0.6466, with resistance at $0.6580.

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