About: anakin
Recent Posts by anakin
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%, while the dollar index (DXY) was at 104 after declining 0.4% on Wednesday.
Written on August 1, 2024 at 8:05 am
Categories: Today's Analysis
Tags: Dollar, Forex, Rupee
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.
Written on August 1, 2024 at 7:29 am
Categories: Today's Analysis
Tags: Aussie, Forex, Kiwi
Dollar recovers as Fed hints at cuts; yen firms on BOJ hawkishness
An eventful Wednesday saw the Bank of Japan (BOJ) raise interest rates to levels not seen in 15 years. This prompted traders to reassess popular carry trades before the Federal Reserve held rates steady but hinted at potential rate cuts as U.S. inflation cools.
Written on August 1, 2024 at 7:06 am
Categories: Today's Analysis
Tags: Dollar, Forex, Yen
Japan banks lead Nikkei higher following BOJ rate hike
Key points: Japan’s Nikkei share average rose on Wednesday, buoyed by banking stocks after the Bank of Japan (BOJ) raised interest rates for the second time since 2007. The Nikkei index was up 0.25% at 38,620.85 as of 0421 GMT, reversing earlier losses. The broader Topix index also turned positive, trading 0.37% higher. See: Nikkei225 Continue Reading
Written on July 31, 2024 at 9:25 am
Categories: Today's Analysis
Tags: Dollar, Indices, Nikkei, Stocks, Yen
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.
Written on July 31, 2024 at 9:18 am
Categories: Today's Analysis
Tags: Base Metals, Copper
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