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Bullion Meanders After Powell's Dovish Remarks
Bullion Meanders After Powell's Dovish Remarks
2024-08-30
Gold hovered near last week's peak, driven by fund inflows and rate-cut hopes after Powell's dovish Jackson Hole speech.
​Falling Inventories Offer Oil Market a Reprieve
​Falling Inventories Offer Oil Market a Reprieve
2024-08-29
Oil prices remained steady but are expected to drop this week due to weaker US employment data and reduced supply concerns from Gaza ceasefire talks.
US Equities Pause Amid Rotation Trend
US Equities Pause Amid Rotation Trend
2024-08-29
US shares stalled Wednesday after a rebound neared record highs. They've been volatile this month after a surprisingly weak NFP report.
​Japan Stocks Head South but Optimism Remains
​Japan Stocks Head South but Optimism Remains
2024-08-29
Japan's market fell below 38,000 as risk sentiment ebbed. Foreign investors sold futures but bought cash equities, showing sustained confidence.
​Norwegian Krone's Freefall Assails Government
​Norwegian Krone's Freefall Assails Government
2024-08-28
The Norwegian krone, one of the worst-performing top 10 currencies this year, hit record lows against the US dollar and euro on Tuesday.
​Bullion Within a Whisker of a Fresh All-Time High
​Bullion Within a Whisker of a Fresh All-Time High
2024-08-28
Gold retreated from its $2,500 high on Monday but remained strong, bolstered by hopes of a Fed rate cut at the next meeting.
Euro Near Yearly High as Dollar Weakens
Euro Near Yearly High as Dollar Weakens
2024-08-28
The euro held steady on Friday, near its highest this year. The Fed is expected to ease aggressively, possibly with a half-point cut in September.
Oil Prices Rise but Demand Concerns Linger
Oil Prices Rise but Demand Concerns Linger
2024-08-28
Oil prices rose on Thursday, recovering some losses amid hopes for Fed rate cuts, though concerns over slow global demand capped gains.
US CPI Jul - Inflation Slows to 3%
US CPI Jul - Inflation Slows to 3%
2024-08-28
After three years of rising prices, Americans got good news as the June CPI eased to 3% thanks to falling gas and car prices.
​Wall St Touches Near Two-Week High
​Wall St Touches Near Two-Week High
2024-08-28
US indexes closed higher Tuesday, hitting a near two-week high after softer producer price data boosted expectations of a Fed rate cut in September.
​Mounting Geopolitical Tensions Support Gold
​Mounting Geopolitical Tensions Support Gold
2024-08-28
Gold retreated from early August highs on Tuesday, but inflows may keep it strong ahead of US inflation data. Recent volatility has shocked markets.
​Australian Stocks Could Cool Soon
​Australian Stocks Could Cool Soon
2024-08-23
The ASX 200 rose 5.8% this year, underperforming major markets as China’s weak demand for raw materials impacts a key revenue source for Australia.
​Loonie digests strong gains on domestic job losses
​Loonie digests strong gains on domestic job losses
2024-08-12
On Monday, the Loonie held steady as economists deemed the US jobs data reaction overblown, influenced by immigration and Hurricane Beryl.
​Gold steadied above 2,400 on hedging demand
​Gold steadied above 2,400 on hedging demand
2024-08-09
Gold prices fell on Friday after a 1% rise, driven by safe-haven demand and expectations of a significant Fed rate cut in September.
Aussie Weakened by Negative Global Outlook
Aussie Weakened by Negative Global Outlook
2024-08-09
The RBA kept rates steady and reiterated flexibility on inflation control, leading markets to lower expectations for a November rate cut.