☑️ YEN JUMPS 1% AGAINST DOLLAR AMID BROAD WEAKNESS IN US CURRENCY
The yen gained 1% in opposition to the greenback, strengthening to 146.19 throughout afternoon buying and selling in Tokyo.
The yen has been rallying on the again of broad greenback weak spot as merchants put together for Financial institution of Japan Governor Kazuo Ueda’s look in entrance of parliament on Aug. 23, and Federal Reserve Chairman Jerome Powell’s speech at Jackson Gap.
The market is awaiting any hints from Ueda on the place the BOJ’s price hike path will go from right here.
Supply: Bloomberg
☑️ EUROPEAN MARKETS START THE NEW TRADING WEEK IN MIXED TERRITORY
The pan-European Stoxx 600 index was marginally decrease in opening offers, down 0.08%, with sectors and main bourses diverging. Tech shares led loses, down 0.42%, whereas mining shares inched increased, up 0.5%.
European markets closed increased final Friday, rounding off a successful week for world shares after latest market jitters and volatility.
U.S. shares posted strong features final Friday, boosted by final Thursday’s weekly jobless claims and retail gross sales knowledge.
Supply: CNBC
☑️ GOLD TRADES NEAR HISTORIC $2,500 MARK ON FED RATE-CUT OPTIMISM
Gold costs eased on Monday and hovered round key $2,500 stage, as merchants locked in earnings following bullion’s climb to an all-time peak within the earlier session on expectations of a U.S. rate of interest reduce subsequent month.
Spot gold was down 0.2% at $2,502.78 per ounce, as of 0317 GMT, and U.S. gold futures edged 0.2% increased to $2,541.80.
Spot silver rose 0.2% to $29.08 per ounce, platinum gained 0.4% to $957.75 and palladium shed 0.4% to $947.13.
Supply: Reuters
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