https://www.gurutrade.com/news/finance/rss/ Be aware of the world's largest banks policy changes and the exchange rate changes with GuruTrade. Tue, 18 Aug 2026 11:32:45 +0300 50 en https://www.gurutrade.com/news/pound-advances-ahead-of-economic-data-that-could-test-rally-1786982031.html Aug 17 Reuters The pound rose on Monday as investors awaited a batch of inflation and labour market data that could put the currency39;s recent gains to the test. Sterling rose 0.21 against a weaker dollar to 1.3560 after three consecutive weekly gains. It was also trading 0.06 higher at 85.50 pence per euro . The inflation and labour market readings due later this week will be crucial to the Bank of England39;s interest rate outlook and could determine whether sterling can extend its recovery after a period of political turmoil in the UK. The currency was boosted by data last week that showed the British economy had grown unexpectedly in June thanks to the start of the men39;s soccer World Cup, hot weather and respite from the energy price surge. However, a survey published on Monday showed that employers remain reluctant to hire and confidence has held near its weakest levels outside the COVID19 pandemic. Policymakers are likely to focus on the broader trend rather than any single data point, said Derek Holt, head of capital markets economics at Scotiabank. The relief from lower crude oil prices in June could also be temporary, given the latest flareup in Middle East tensions. Iran called on the U.S. to accept defeat while President Donald Trump told Americans to prepare for continued high fuel prices. All the focus is back on oil prices. Households could yet interpret sticky energy prices as more permanent, Pantheon Macroeconomics economists wrote. Traders... https://www.gurutrade.com/news/pound-advances-ahead-of-economic-data-that-could-test-rally-1786982031.html Mon, 17 Aug 2026 02:30:32 +0300 https://www.gurutrade.com/news/ftse-100-set-to-snap-six-day-losing-streak-as-miners-gain-1786978161.html Miners39; shares track higher gold and copper prices FTSE 100 up 0.1; FTSE 250 slips 0.2 UK inflation data due on August 19 Aug 17 Reuters Britain39;s FTSE 100 edged higher on Monday, on track to end six straight days of losses, as strength in mining stocks, AstraZeneca and RollsRoyce offset broader caution ahead of this week39;s UK inflation figures. The bluechip FTSE 100 index rose 0.1 to 10,757.91 points by 1022 GMT, while the midcap FTSE 250 slipped 0.2. AstraZeneca rose 0.9 after reporting results from two of its latestage lung cancer trials. The drugmaker said its TagrissoOrpathys combination and Daiichi Sankyopartnered Enhertu met key goals, though it discontinued a separate latestage study of volrustomig plus chemotherapy in patients with metastatic nonsmall cell lung cancer. Shares of miners offered among the biggest boosts to the FTSE 100 index as gold prices firmed and copper started the week strongly. Fresnillo climbed 1.9 and Antofagasta added 1.5. Glencore and Anglo American gained between 1.3 and 1.8. RollsRoyce climbed 1.8 after Morgan Stanley and Citigroup raised their price targets on the firm. On the downside, Unilever fell 1.3, Tesco lost 1.6 and BP slipped 0.8, making them among the biggest drags on the bluechip index. Global shares edged higher and the dollar slipped towards twomonth lows after a run of soft U.S. economic data, including an unexpected drop in retail sales, saw markets reduce bets for an imminent rate... https://www.gurutrade.com/news/ftse-100-set-to-snap-six-day-losing-streak-as-miners-gain-1786978161.html Mon, 17 Aug 2026 02:10:40 +0300 https://www.gurutrade.com/news/ems-exit-valley-of-tears-as-investors-diversify-1787000750.html Some managers favour localcurrency debt in Brazil, Colombia, Egypt and Nigeria Stronger reserves and domestic investors reduce EM vulnerability El Niño, fertiliser costs, could rekindle inflation, investors warn LONDON, Aug 17 Reuters War, tariffs and AI gyrations have done little to dent the flow of cash into emerging markets, as reforms, deeper local capital markets and diversification away from U.S. assets reshape the asset class. Global shocks that once triggered sharp selloffs across developing economies have failed to derail investor demand this year, with emerging market debt inflows at a more than twodecade high and governments issuing record amounts of bonds. Improved policymaking, stronger foreign exchange reserves and growing domestic investor pools have helped cushion countries from the shocks. Roughly from 2015 to 2025 was like the valley of tears for emerging markets strong dollar, U.S. exceptionalism, lots of crises, defaults, COVID, etc, said David Hauner, head of emerging markets fixed income strategy at Bank of America. But those dire straits paved the way for the current rebound. There was so much outflow, a few months of inflows are not going to compensate for that...it39;s still only scratching the surface of the underinvestment that has occurred over the past decade. The war, which began in February, has largely closed the key Strait of Hormuz passage and boosted global oil and fertiliser prices, feeding through to food prices and wider... https://www.gurutrade.com/news/ems-exit-valley-of-tears-as-investors-diversify-1787000750.html Mon, 17 Aug 2026 09:10:07 +0300 https://www.gurutrade.com/news/ftse-100-set-for-first-weekly-drop-in-five-as-miners-retreat-1786709505.html Antofagasta drops almost 5, extending secondday slide after disappointing production outlook FTSE 350 industrial metal and mining index heads for 4.7 weekly drop Sage, Experian and Relx rise 3.5 to 5.7 after Reuters reports Silver LakeWorkday deal Aug 14 Reuters London39;s FTSE 100 was on track for its first weekly setback in five on Friday, as miners retreated alongside a dip in copper prices, though software and data companies rebounded after the report of a large deal in the sector. The bluechip FTSE 100 dipped 0.1 to 10,765.30 points by 1009 GMT, on track for its first weekly decline since early July. The midcap FTSE 250 edged up 0.1 to 24,860.50 points, set to end the week largely flat. Shares of miner Antofagasta dropped almost 5, down sharply for the second consecutive day after its production outlook disappointed on Thursday and copper prices fell after a recent rally. The FTSE 350 industrial metal and mining index was set for a 4.7 weekly drop, in what could be the weakest weekly performance since midMarch. Among gainers, shares of Sage Group, Experian and RELX climbed in 3.5 to 5.7 after Reuters reported private equity firm Silver Lake was in talks to acquire U.S. software firm Workday, lifting the sector. Global stocks traded just below record highs as benign U.S. inflation data this week tempered expectations of Federal Reserve interest rate hikes this year. Still, a lack of progress towards a lasting peace deal between the United... https://www.gurutrade.com/news/ftse-100-set-for-first-weekly-drop-in-five-as-miners-retreat-1786709505.html Fri, 14 Aug 2026 01:50:15 +0300 https://www.gurutrade.com/news/pound-eyes-weekly-rise-after-better-than-expected-gdp-data-1786710561.html LONDON, Aug 14 Reuters Sterling was set for a weekly rise against both the dollar and the euro on Friday, helped by this week39;s better than expected GDP data as well as calm across currency markets that is pushing traders to buy currencies where bond yields are relatively high, like Britain. The British currency was last at 1.3521, up 0.25 on the day and a similar amount on the week. It was trading at 85.44 pence per euro, a whisker firmer on the day and also around 0.25 stronger on the week. The pound has been supported by further evidence yesterday that the UK economy is proving more resilient than expected to the negative energy price shock triggered by the U.S.Iran conflict, said Lee Hardman, senior currency analyst at MUFG. Thursday39;s data showed the British economy grew by 0.3 during June, putting Britain on course for the strongest growth among the Group of Seven rich economies in the first half of 2026. Hardman also said that favourable carry conditions had boosted the pound, something particularly relevant when compared to the euro. In currency carry trades, investors borrow in a low yielding currency like the yen or the Swiss franc, and use those borrowed funds to buy a higher yielding currency, profiting from the interest rate differentials. British shortdated borrowing costs are among the highest in developed markets, and are well above those in the euro zone. Carry trades are particularly popular when volatility in currency markets is low, the... https://www.gurutrade.com/news/pound-eyes-weekly-rise-after-better-than-expected-gdp-data-1786710561.html Fri, 14 Aug 2026 01:10:20 +0300 https://www.gurutrade.com/news/gold-set-for-weekly-loss-as-inflation-rally-unwinds-1786694650.html Gold retreats from twomonth peak Palladium, platinum head for weekly loss September rate hike odds cut to just 33 CME FedWatch U.S. threatens to maintain naval blockade on Iran Aug 14 Reuters Gold prices slipped on Friday and were headed for a weekly loss as investors locked in profits a day after bullion was propelled to its highest level in more than two months on mild U.S. inflation data that weakened the case for a nearterm Federal Reserve rate hike. Spot gold was down 0.5 at 4,330.70 per ounce, as of 0714 GMT. U.S. gold futures for December delivery slid 0.7 to 4,387.40. Bullion climbed to its highest point since June 5 on Thursday, before settling lower, setting it on track for a weekly loss. There is some episodic and more speculative capital that39;s maybe taking a bit of profit in gold, because there39;s not a nearterm catalyst quite so potent immediately in front of us, said Ilya Spivak, head of global macro at finance content network Tastylive. Gold may be setting up, with some choppy trading along the way, for a meaningful rally now. And if we can take out 4,400, I don39;t think 5,000 by yearend is any kind of a sketch. The nonyielding metal got a boost after an unexpected drop in U.S. July nonfarm payrolls last week, followed by softer inflation data this week, sharply reducing expectations of a rate hike next month. U.S. producer prices were unchanged in July, following a revised 0.1 drop in June, while U.S. consumer prices barely increased in... https://www.gurutrade.com/news/gold-set-for-weekly-loss-as-inflation-rally-unwinds-1786694650.html Fri, 14 Aug 2026 10:50:36 +0300 https://www.gurutrade.com/news/yen-s-weekly-loss-puts-more-intervention-on-traders-radar-1786693137.html Yen hands back half its intervention boost Weekly drop is largest since previous intervention faded Dollar balances oil gains with retreating rate hike bets SINGAPORE, Aug 14 Reuters The yen headed for its biggest weekly loss in about a month on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager that either rate hikes or another round of official buying would be needed to stem the decline. The currency has surrendered roughly half the gains sparked by intervention in late July and early August, falling about 0.9 this week to 159.29 per dollar . It was trading near 164 per dollar before July39;s intervention and traders see the 160 level as a potential trigger for fresh official action. The yen39;s retreat mirrors a similar selloff in May, when it was also backsliding after a round of official buying. The Japanese currency rose slightly in Friday trade after Reuters reported the Bank of Japan is set to raise rates as soon as September and is considering more aggressive hikes to follow, citing three people familiar with policymakers39; thinking. It has been falling, however, for years, and is not far from fourdecade lows, thanks to a combination of perennially low interest rates and newer confidence concerns around government spending. The broader currency market has been fairly steady this week, with support for the dollar from higher oil prices and Middle East tension offset by benign U.S. jobs and inflation reports that... https://www.gurutrade.com/news/yen-s-weekly-loss-puts-more-intervention-on-traders-radar-1786693137.html Fri, 14 Aug 2026 09:30:46 +0300 https://www.gurutrade.com/news/rupee-drifts-as-rbi-keeps-tight-leash-premiums-slip-1786694861.html MUMBAI, Aug 14 Reuters The Indian rupee drifted on Friday, on course for a weekly decline kept modest by the central bank39;s frequent dollarselling interventions amid the Middle East conflict. The rupee was little changed at 95.3975 per dollar, hovering in a narrow range with traders keeping an eye on oil prices while pointing to staterun banks39; dollar sales, likely on behalf of the Reserve Bank of India. Over the week so far, the currency has hovered in an under30paisa range the narrowest weekly band since February. Anxiety over the conflict has kept importer dollar demand elevated, with oil refiners especially keen to capture dips on the dollarrupee pair, a trader at a private bank said. Oil prices nudged higher after the United States threatened an indefinite naval blockade of Iran, reviving concerns about the supply of crude. India is particularly vulnerable to such supply disruptions as it imports about 90 of its oil. The 95.0095.10 zone remains a key support for USDINR. Having broken above 95.30 earlier this week, the path towards 95.80 and eventually 96.20 stays open, said Amit Pabari, managing director at FX advisory firm CR Forex. Regional currencies and stocks were trading mixed while the dollar index was hovering little changed just shy of the 100 mark. Data released on Thursday pointed to unchanged U.S. producer prices in July. It further supported dialling back bets on a Federal Reserve September hike, now seen as a roughly 35 chance, per LSEG... https://www.gurutrade.com/news/rupee-drifts-as-rbi-keeps-tight-leash-premiums-slip-1786694861.html Fri, 14 Aug 2026 09:10:27 +0300 https://www.gurutrade.com/news/ftse-100-falls-to-two-week-low-as-antofagasta-cuts-outlook-1786648846.html Antofagasta shares drop after company cuts 2026 copper output forecast FTSE 100 falls 0.6, lowest since July 27 Britain39;s economy grows 0.3 in June after being flat in May, data shows Aug 13 Reuters London39;s FTSE 100 fell to a more than twoweek low on Thursday after Antofagasta39;s downbeat copper production forecast sparked losses in the mining sector and offset any relief from strongerthanexpected economic growth in June. The bluechip FTSE 100 index closed 0.6 down at 10,772.67 points dropping for a fourth consecutive day and touching its lowest since July 27. The midcap FTSE 250 climbed 0.1 to 24,837.71 points. Britain39;s economy unexpectedly grew in June as companies enjoyed a respite from the energy price surge caused by the Iran war, the start of the men39;s soccer World Cup and hot weather, official data showed. Gross domestic product rose by 0.3 in June, putting Britain on course for the strongest growth among the Group of Seven rich economies in the first half of 2026, after being flat in May. The pound , though, was largely unchanged against the dollar as the data did little to change nearterm interest rate expectations. This is not a boom though, and quarterly growth has slowed from 0.6, but Britain is proving significantly harder to knock off course than many feared, said Sam North, market analyst for eToro. Antofagasta shares fell 6.8 after the company cut its 2026 copper output forecast due to a shutdown at its Los Pelambres... https://www.gurutrade.com/news/ftse-100-falls-to-two-week-low-as-antofagasta-cuts-outlook-1786648846.html Thu, 13 Aug 2026 07:10:49 +0300 https://www.gurutrade.com/news/gold-pares-losses-as-steady-us-ppi-signals-fed-rate-hold-1786640459.html US PPI data largely in line with expectations September Fed ratehike bets reduced to 32 CME FedWatch Tool Fed39;s Hammack reiterates the need to raise rates Aug 13 Reuters Gold pared losses on Thursday after falling nearly 1 earlier in the session, as the U.S. producer price data matched expectations and reduced bets for a Federal Reserve rate hike next month, while profittaking kept prices below the 4,500 level. Spot gold fell 0.5 to 4,386.69 per ounce by 0926 a.m EDT 1326 GMT after touching session39;s low of 4,363.44. U.S. gold futures dipped 0.5 to 4,444.00. 4,500 is a big resistance point for gold. We touched it twice and gold tumbled from that point, with traders being jittery close to the 4,500 level at the moment, said Bob Haberkorn, senior market strategist at StoneX. The U.S. Producer Price Index was unchanged in July as goods prices declined, higher services costs suggested inflationary pressures could persist. The data followed Wednesday39;s consumer price report, which showed U.S. inflation rose 3.4 in the 12 months through July, down from 3.5 in June and in line with economists39; expectations. Price growth is moderating in the US but remains above target which lends itself to a Fed that is more likely to hold rates in September, said Kyle Rodda, senior financial market analyst at Capital.com. Markets are now pricing a 32 chance of a rate hike at the September meeting, down from 40 immediately after the PPI data, according to the CME FedWatch... https://www.gurutrade.com/news/gold-pares-losses-as-steady-us-ppi-signals-fed-rate-hold-1786640459.html Thu, 13 Aug 2026 04:30:59 +0300 https://www.gurutrade.com/news/pound-holds-ground-as-sun-and-soccer-boost-uk-confidence-1786647564.html LONDON, Aug 13 Reuters The pound held steady on Thursday and remained on track for a third weekly gain as burgeoning confidence in the UK economy was reinforced by data that showed growth unexpectedly picked up in June. Money markets show traders still expect one rate rise from the Bank of England this year, and Thursday39;s economic data did little to shift that. The Office for National Statistics said UK gross domestic product rose by 0.3 during the month, putting Britain on course for the strongest growth among the Group of Seven rich economies in the first half of 2026, after being flat in May. Households and businesses enjoyed some respite from high energy prices caused by the Iran war in June, while the start of the men39;s soccer World Cup and hot weather helped boost overall economic activity. Sterling was last unchanged on the day against the dollar at 1.349 and against the euro , which traded at 0.8547. Although growth was modest, it was mostly the product of consumer spending and business investment, rather than government spending, which could prove encouraging for investors, Jeremy Stretch, who is head of G10 FX strategy at CIBC Capital Markets, said. Putting your head under the bonnet of the UK economy suggests that the momentum is perhaps a little more robust and a little more dynamic than we might have assumed, he said. Next week brings a raft of inflation data that could be more influential in setting expectations for BoE monetary policy.... https://www.gurutrade.com/news/pound-holds-ground-as-sun-and-soccer-boost-uk-confidence-1786647564.html Thu, 13 Aug 2026 02:50:31 +0300 https://www.gurutrade.com/news/yen-s-post-intervention-gains-depend-on-boj-rate-bets-1786616123.html Joint intervention with US Treasury and South Korea lifted yen about 5 in late July and early August Markets price 76 chance of September BOJ rate hike, up from 24 on July 30 Bessent urged Tokyo to match intervention with supportive fundamentals, policy TOKYO, Aug 13 Reuters Joint JapaneseU.S. efforts to shore up the battered yen two weeks ago have heightened market bets the Bank of Japan will need to hike rates faster and further, raising the stakes for the currency at next month39;s policy meeting. Coordinated intervention between Japan, the U.S. Treasury and South Korea drove the yen about 5 higher in late July and early August, a gain it has since struggled to hold. But a sharp repricing in rate expectations, on the thinking there is U.S. pressure, has added 25 basis points of pricedin hikes this year as traders warm to the idea the BOJ may at last start to support the yen. That piles pressure on policymakers to meet those expectations or risk a new slide in a currency that39;s been pinned to multidecade lows. We need to see a more hawkish BOJ stance, which the market is trying to price in, but at the same time, we need validation, said Moh Siong Sim, currency strategist at OCBC in Singapore. If they don39;t do it, the yen will weaken. U.S. Treasury Secretary Scott Bessent triggered the move by urging Japan to follow up joint intervention with policy and fundamentals, interpreted as a nudge to Prime Minister Sanae Takaichi to tone down her dovish stance and... https://www.gurutrade.com/news/yen-s-post-intervention-gains-depend-on-boj-rate-bets-1786616123.html Thu, 13 Aug 2026 11:10:37 +0300 https://www.gurutrade.com/news/msci-to-drop-goto-from-indonesia-index-over-liquidity-1786654097.html Aug 13 Reuters Indonesian ridehailing giant GoTo Gojek Tokopedia will be removed from MSCI39;s Indonesia index at the end of this month, the index provider said on Wednesday, dealing another setback to the country39;s equity markets. GoTo, once valued at about 29 billion and among Indonesia39;s most valuable companies, has seen its market value fall to 3.2 billion, with its shares stuck at 50 rupiah, or less than a U.S. cent, since midMay. On the exchange39;s main trading boards, 50 rupiah is the minimum trading price. MSCI froze changes to GoTo in its indexes in late May over concerns that the company39;s low liquidity could make it difficult for indextracking investors to trade the stock in sufficient size. FTSE Russell removed GoTo from its global equity index series GEIS midcap index in June after the company was listed on the Indonesian stock exchange39;s development board, a market that does not meet FTSE Russell39;s eligibility criteria for GEIS. The decision is a technical one. It follows from our shares sitting at the 50 rupiah floor price, where trading volumes have been low it is not a consequence of business performance, GoTo said in an emailed response to Reuters on the MSCI decision. Index decisions are reviewed regularly, and we will remain in active dialogue with MSCI. MSCI, in its August index review, added 55 companies to its All Country World Index and deleted 92 companies. 1 17,865.0000 rupiah Reporting by Sameer Manekar in Bengaluru;... https://www.gurutrade.com/news/msci-to-drop-goto-from-indonesia-index-over-liquidity-1786654097.html Thu, 13 Aug 2026 10:50:38 +0300 https://www.gurutrade.com/news/dollar-treads-water-as-fed-rate-hike-bets-fade-on-us-cpi-1786609689.html Markets see 40 odds of September Fed hike, down from 54 a week ago Dollar set for 1 weekly rise vs yen, putting it near intervention zone Aussie eases from 10week high even as RBA talks up rate hike risks TOKYO, Aug 13 Reuters The dollar39;s advance stalled on Thursday after an overall benign U.S. inflation reading overnight spurred traders to pare back bets for a nearterm Federal Reserve interest rate hike. The greenback was little changed against the yen in Asia39;s afternoon, but remained on course to gain about 1 this week as markets bought back the currency pair following recent joint U.S.Japan intervention that saw it plummet to a threemonth low. The dollar index , which measures the U.S. currency against the yen and five other major peers, was flat at 99.976 on Thursday, but on course for a 0.4 weekly rise. U.S. consumer prices increased 0.1 in July, in line with economists39; expectations, leading money markets to reduce the odds of a September rate hike to 40, down from 54 a week ago, according to CME Group39;s FedWatch. Michael Wan, a currency strategist at MUFG, said the primary dilemma for the Fed now lies in weighing inflation risks against a softening labour market, particularly after the weakerthanexpected July payrolls report released last Friday. We think that the FOMC is likely to maintain a restrictive holding pattern in September rather than a pivot towards a hike, Wan said in a note. The dollar changed hands at 159.35 yen , close to the... https://www.gurutrade.com/news/dollar-treads-water-as-fed-rate-hike-bets-fade-on-us-cpi-1786609689.html Thu, 13 Aug 2026 09:30:40 +0300 https://www.gurutrade.com/news/firm-rbi-move-holds-rupee-steady-despite-dollar-bids-1786609414.html MUMBAI, Aug 13 Reuters The Indian rupee was marginally down on Thursday, as the central bank continued to sell dollars to anchor the local currency in a narrow band despite pressure from contracts maturing in the forward market and debtrelated outflows. The rupee was at 95.36 per dollar, down marginally from its previous close and hovering in a 1 paisa intraday range. The market was subdued with both Indian and U.S. July inflation data largely meeting economists39; expectations the previous day, while oil prices continued to hold just shy of the 90 per barrel mark, sapping traders of immediate cues. To top it all off, staterun banks were spotted consistently offering dollars in the face of elevated interbank and corporate demand. For speculators, there is little to do except exit positions at narrow profits or losses, a trader at a Mumbaibased bank said. Dollarrupee forward premiums were modestly lower on the day as well, with the 1year forward implied yield down 3 basis points at 2.74. Indian bond yields were a tad lower as well, with the inflation data expected to bolster the central bank39;s case for keeping rates unchanged. We believe that the RBI will continue to maintain its neutral stance for now, but we see some signs that inflation is likely to broaden out more moving forward given firm domestic demand, accelerating credit growth and overall supportive fiscal position, MUFG said in a note. Meanwhile, regional stocks gained after U.S. inflation data... https://www.gurutrade.com/news/firm-rbi-move-holds-rupee-steady-despite-dollar-bids-1786609414.html Thu, 13 Aug 2026 09:10:52 +0300 https://www.gurutrade.com/news/global-stocks-inch-up-oil-steady-before-us-cpi-1786539163.html US CPI in line with expectations Markets see almost even chance of Fed rate hike next month Brent inches up, extending gains LONDON, Aug 12 Reuters Global stocks held on to gains on Wednesday after U.S. inflation data came in as expected, while oil prices edged higher after a senior Iranian official told Reuters there were no discussions with Washington on extending a ceasefire. The Consumer Price Index edged up 0.1 last month after dropping 0.4 in June, in line with a Reuters poll of economists and analysts. Annual CPI inflation slowed to 3.4 from 3.5 a month earlier. Inflation is heading in the right direction for now, and given Federal Reserve Chair Kevin Warshs desire not to give much, if any, forward guidance, there should be a fairly sanguine market reaction to these latest figures, said Richard Carter, head of fixed interest research at Quilter Cheviot. Traders stuck to their bets that narrowly favour an interest rate hold at next month39;s meeting following the data, with markets giving about a 55 chance that the Fed will keep its policy rate in the current 3.503.75 range. U.S. stock futures, the SP 500 eminis , were up 0.4, holding onto gains after the data. Nasdaq futures rose 0.8, as upbeat results from AI cloud company CoreWeave after Tuesday39;s close gave the AI trade another boost. In Europe, the pancontinental STOXX 600 was up about 0.2. Major stock indexes in Frankfurt, Paris and London were up 0.1 to 0.4. In Asia, stocks rose 0.9, led by a... https://www.gurutrade.com/news/global-stocks-inch-up-oil-steady-before-us-cpi-1786539163.html Wed, 12 Aug 2026 04:10:15 +0300 https://www.gurutrade.com/news/indian-rupee-nudges-up-on-rbi-action-eye-on-cpi-1786612272.html MUMBAI, Aug 12 Reuters The Indian rupee ended modestly higher, wedged between anxiety over the Middle East conflict and the impact of persistent central bank intervention that has helped steady the currency. The rupee ended at 95.33 per U.S. dollar, up 0.1 from its close at 95.4350 in the previous session. While dollar sales from staterun banks most likely on behalf of the Reserve Bank of India kept a lid on losses, caution heading into key U.S. and India inflation prints and worries over higher oil prices contained the room for gains, traders said. India39;s central bank has intervened frequently in the FX market over August, helping anchor the rupee after it threatened a breach of record lows last month. It39;s a complicated market to trade and it39;s unlikely that such price action keeps up, a trader at a foreign bank said, noting that he sees higher chances of the rupee falling to 95.80 than strengthening to 95. The currency39;s record low of 96.96 was hit in May. Later in the day, the focus will be on inflation data releases. India is expected to post data showing retail inflation rose to 4.5 in July, as per a Reuters poll. Analysts at BofA Global Research expect core inflation, which excludes volatile food and energy components, to remain below 3.8. Core is likely to remain sticky as uptick in prices for services like recreation, restaurants and education would be offset by lower gold prices. The generalization of inflation remains key to watch for, BofA... https://www.gurutrade.com/news/indian-rupee-nudges-up-on-rbi-action-eye-on-cpi-1786612272.html Wed, 12 Aug 2026 02:50:58 +0300 https://www.gurutrade.com/news/ftse-100-subdued-ahead-of-us-cpi-balfour-beatty-soars-1786546674.html FTSE 100 up 0.04, FTSE 250 rises 0.5 Balfour Beatty jumps 9.2 after raising annual operating profit forecast Traders price in 46 chance of 25basispoint Bank of England hike in December Aug 12 Reuters London39;s FTSE 100 was largely flat on Wednesday, as investors remained on the sidelines ahead of U.S. inflation data, while midcap stocks outperformed as Balfour Beatty soared to a record high after raising its annual forecast. The bluechip FTSE 100 index edged up 0.04 to 10,848.75 points by 1014 GMT. The midcap FTSE 250 climbed 0.5 to 24,916.12 points, on track to close at a record high. Global stocks also held steady ahead of U.S. inflation data, which is expected to show consumer prices increased moderately in July, potentially reducing financial market expectations for the Federal Reserve to raise interest rates this year. The data is due at 1230 GMT. A surprisingly weakerthanexpected U.S. jobs report last week tempered expectations around rate hikes this year, although simmering concerns about the Middle East war has left investors in doubt. Brent crude futures dipped but held near 90 a barrel after the U.S. and Yemen39;s Iranaligned Houthis , as prospects for ending the Iran war appeared to dim. Investors are also waiting for the UK39;s GDP data on Thursday, which is expected to show economic growth stalled on a monthovermonth basis in June following a 0.1 growth in May. Britain39;s new Prime Minister Andy Burnham said in an interview... https://www.gurutrade.com/news/ftse-100-subdued-ahead-of-us-cpi-balfour-beatty-soars-1786546674.html Wed, 12 Aug 2026 02:10:47 +0300 https://www.gurutrade.com/news/sterling-at-one-month-high-vs-dollar-before-economic-data-1786611163.html Aug 12 Reuters Sterling hovered around its onemonth high against the dollar on Wednesday as investors braced for a raft of British and U.S. economic data later this week. The U.S. dollar ticked up, underpinned by renewed tensions in the Middle East, with markets awaiting fresh signals on the Federal Reserve39;s policy trajectory. The pound was roughly unchanged at 1.3510 , after hitting 1.3530 on Monday, its highest level since July 16. Analysts said Britain39;s economy had not weakened enough to put the debate over further Bank of England rate hikes to rest, while gilt yields remained close to their highest levels in nearly two decades as fiscal uncertainty kept term premiums elevated. The term premium is the additional yield investors demand for holding longterm government debt, and it tends to rise when inflation, fiscal or policy risks increase. Higher for longer oil prices may force the BoE to increase its tough talk against inflation, but so too would other central banks, suggesting that the forex reaction may still not favour the pound on all fronts, said Jane Foley, senior strategist at Rabobank. Uncertainty about the budget could keep the UK market nervous into the autumn and we would look to buy the eurosterling on dips back to 0.85, with the 50day simple moving average currently providing resistance around the 0.8578 area, she added. The date for this year39;s UK Budget has been set for Wednesday, October 28. Britain39;s government will do what it can... https://www.gurutrade.com/news/sterling-at-one-month-high-vs-dollar-before-economic-data-1786611163.html Wed, 12 Aug 2026 12:40:44 +0300 https://www.gurutrade.com/news/dollar-ticks-up-on-iran-tensions-with-us-data-in-focus-1786525397.html US data in focus as traders bet on a 50 chance of Fed rate hike Yen outlook hinges on potential USJapan rate divergence Fed39;s Goolsbee says inflation, not labor market weakness, is bigger concern Aug 12 Reuters The U.S. dollar ticked higher on Wednesday, underpinned by renewed Gulf tensions, with markets focused on upcoming U.S. economic data for signals on the Fed39;s policy trajectory. Oil prices edged up after the United States and Yemen39;s Iranaligned Houthis reported separate attacks on shipping on Tuesday, with Tehran saying the Strait of Hormuz would remain closed unless Washington accepts its conditions. Investors buy the safehaven dollar when concerns about the economic impact of the energy shock from the Iran war intensify. Analysts said Friday39;s soft U.S. jobs data did not weigh heavily on the greenback as markets expect inflation to drive the next Federal Reserve interest rate move. Fed Bank of Chicago President Austan Goolsbee supported this view on Tuesday by saying he was more concerned about toohigh inflation than labor market weakness. Economists expect data due later in the session to show inflation picked up last month after easing in June, when oil prices fell on hopes of an Iran peace deal. Consensus is looking for a reasonably subdued set of numbers, Chris Turner, global head of markets at ING, said. A soft number should drag market pricing of a September Fed rate hike away from a 50 probability in favour of no change, he added.... https://www.gurutrade.com/news/dollar-ticks-up-on-iran-tensions-with-us-data-in-focus-1786525397.html Wed, 12 Aug 2026 11:10:37 +0300 https://www.gurutrade.com/news/oil-and-gold-rise-on-geopolitical-risks-ahead-of-cpi-1786520935.html TOKYO, Aug 12 Reuters Oil and gold prices climbed on Wednesday as geopolitical tensions ratcheted up ahead of key U.S. inflation data. The yen slid against the dollar, having unwound much of its gains following rare intervention in currency markets by Japan and the United States. The regional share benchmark rose, led by gains in South Korean stocks. The U.S. and Yemen39;s Iranaligned Houthis reported separate attacks on shipping, while Asia was rattled by an early morning missile launch by North Korea. Markets remained focused on U.S. consumer price index data later in the session for signals of timing for a potential Federal Reserve rate hike. Market sentiment is lukewarm amidst lingering geopolitical risk and as market participants head into U.S. CPI data, Kyle Rodda, a senior financial market analyst at Capital.com, wrote in a note. The lack of substantial news or progress in talks, with Iran doubling down on its commitment to govern the Strait of Hormuz, is keeping the risk for oil prices skewed to the upside and U.S. indices on hold, he added. U.S. crude rose 0.61 to 83.71 a barrel and Brent rose to 89.46 per barrel, up 0.62 on the day and poised for a sixth straight daily gain. Both benchmarks settled more than 1 higher on Tuesday, marking their highest closes since July 31 and extending gains after jumping about 5 on Monday. Spot gold rose 0.77 to 4,400.44 an ounce, while spot silver rose 1 to 65.30 an ounce. MSCI39;s broadest index of AsiaPacific shares... https://www.gurutrade.com/news/oil-and-gold-rise-on-geopolitical-risks-ahead-of-cpi-1786520935.html Wed, 12 Aug 2026 09:30:54 +0300 https://www.gurutrade.com/news/yen-wobbles-as-intervention-afterglow-dims-rba-holds-rates-1786443591.html Yen has erased nearly half its interventionled gains Aussie holds ground after RBA holds rates Dollar steady amid dimming hopes for Middle East peace US CPI this week in focus as traders on the fence over rate hike SINGAPORELONDON, Aug 11 Reuters The yen hovered close to the key 160perdollar level on Tuesday, as the impact of U.S.Japan intervention continued to fade, while the Australian dollar held near an eightweek high after the central bank left rates unchanged as expected. The Japanese currency was last at 159.20 per dollar. It weakened 0.9 on Monday, moving further away from the threemonth high of 155.20 reached last week after the rare U.S.Japan yenbuying intervention at the end of July. The intervention came after the yen sank to a 40year low of 163.99 per dollar. It has since surrendered nearly half of those gains, leaving traders betting it is a matter of when, not if, authorities step back into the market. This week coincides with Japan39;s Obon holiday period, when reduced market participation tends to lower liquidity, potentially increasing the risk of sharp market moves during thin trading hours, said Masayuki Nakajima, senior strategist, fixed income, currencies and commodities strategy at Mizuho. In particular, if the dollar were to break decisively above the psychologically important 160 yen level, concerns about intervention could intensify further. Speculators have cut bearish yen bets by the most in more than 12 years, with U.S. regulatory... https://www.gurutrade.com/news/yen-wobbles-as-intervention-afterglow-dims-rba-holds-rates-1786443591.html Tue, 11 Aug 2026 11:30:56 +0300 https://www.gurutrade.com/news/taiwan-south-korea-drive-asian-outflows-on-ai-worries-1786455482.html Aug 11 Reuters Foreign investors sold Asian equities on a net basis for a ninth consecutive month in July, with heavy selling in Taiwan and South Korea as concerns over AI spending and chip demand weighed on the region39;s technologyheavy markets. Regional tech exporters came under pressure last month after Alphabet and Tesla reported negative cash flows, raising worries over the durability of growth and mounting cash burn. AI heavyweights in South Korea and Taiwan faced massive selloffs as investors started to question their chipdemand forecasts and debtrepayment ability, BNP Paribas analysts said in a July note, adding that China39;s Moonshot announcement about its lowcost AI models aggravated negative market sentiment. Foreign investors sold a net 25.48 billion worth of stocks across South Korea, Taiwan, India, Indonesia, Thailand, Vietnam and the Philippines last month, according to LSEG data. Taiwan accounted for 22.95 billion of the outflows, following June39;s roughly 8 billion in outflows, and South Korea another 6.26 billion, marking a third consecutive month of outflows. Vietnamese stocks also recorded marginal foreign outflows of 12 million last month. Meanwhile, equities in India, Thailand, Indonesia and the Philippines logged foreign inflows of 2.12 billion, 1.46 billion, 88 million and 69 million, respectively, partly offsetting the withdrawals. The unusually high swings in AIrelated sectors are making global investors diversify, and on that... https://www.gurutrade.com/news/taiwan-south-korea-drive-asian-outflows-on-ai-worries-1786455482.html Tue, 11 Aug 2026 10:54:58 +0300 https://www.gurutrade.com/news/ftse-100-eases-as-imperial-brands-drops-on-job-cut-report-1786378985.html June, Q2 UK GDP data due Thursday Vistry falls on report Allianz Trade reducing cover Plus500 climbs after rise in halfyear core profit Aug 10 Reuters London39;s stock indexes eased on Monday, taking a breather after last week39;s gains, with shares of Imperial Brands dropping on a report of planned job cuts and as investors awaited economic data later in the week. The bluechip FTSE 100 closed down 0.4 at 10,862.50 points, while the midcap FTSE 250 slipped 0.4 to 24,744.54 points after logging a record closing high in the previous session. Both indexes notched their fourth consecutive week of gains on Friday. Tobacco company Imperial Brands sank 4.6 as it prepared to cut thousands of jobs in key markets to reduce costs, according to a report by Bloomberg News. It became the biggest loser in the bluechip index, while rival British American Tobacco also fell 4.4. Energy stocks firmed about 1, as oil prices jumped 3 after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the Strait of Hormuz is reopened. Data on Thursday is expected to show the UK economy grew 1.1 on an annualised basis in the second quarter, possibly helped by lower energy prices. British retail sales were unexpectedly strong in June, helped by spending related to warm weather and the World Cup. Bottler CocaCola HBC slid 4.8 after brokerage BNP Paribas cut its rating to neutral from outperform. The household goods... https://www.gurutrade.com/news/ftse-100-eases-as-imperial-brands-drops-on-job-cut-report-1786378985.html Mon, 10 Aug 2026 07:10:44 +0300 https://www.gurutrade.com/news/sterling-little-changed-near-over-three-week-high-1786378779.html Investors price in one BoE rate hike by yearend Markets fully price in second BoE hike by September next year June growth data due Thursday is expected to show resilient economy LONDON, August 10 Reuters The British pound was little changed against both the dollar and euro on Monday as markets awaited growth data later in the week and updates on talks in the Middle East to reopen the Strait of Hormuz. Sterling was last up less than 0.1 against the dollar at 1.3502, just below a threeandahalf week high of 1.35085 hit on Friday. Against the euro, the pound was flat at 85.62 pence. Monthly growth figures, due for release on Thursday, are expected to show that the economy remained resilient in June, with the month39;s retail sales unexpectedly strong due to spending linked to the World Cup and hot weather. EYES ON OIL PRICES Sterling traders were also keeping an eye on talks in the Middle East to reopen the Strait of Hormuz and any potential impact on energy prices. Oil prices rose slightly on Monday, due to continued uncertainty about the reopening of the strait. Iran said it was nearing a deal with Oman defining new shipping lanes but that the U.S. must meet other conditions. Expectations for Bank of England policy settings have tended to fluctuate with energy price movements, with higher oil prices and the feed through to inflation expected to lead to tighter monetary policy. But so far, the BoE has decided to wait to see how the situation in the Middle East... https://www.gurutrade.com/news/sterling-little-changed-near-over-three-week-high-1786378779.html Mon, 10 Aug 2026 01:10:59 +0300 https://www.gurutrade.com/news/european-stocks-steady-as-investors-weigh-hormuz-risks-1786353257.html Aug 10 Reuters European shares were little changed on Monday as uncertainty over the reopening of the Strait of Hormuz kept oil prices elevated, while investors looked ahead to a packed week of economic data. The panEuropean STOXX 600 held its ground at 660.12 points, as of 0715 GMT. The benchmark climbed 1.7 last week and closed at a record high on Friday, supported by expectations of lower U.S. borrowing costs after soft jobs data and strong corporate earnings on both sides of the Atlantic. Trading got off to a subdued start on Monday as geopolitical risks remained in focus. Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions before the strategic waterway is reopened. Europe39;s energy sector was up 0.5, with Brent crude futures rising 0.6 to 83.98 a barrel as shipping through the vital waterway remained at a trickle. The technology sector led the gains with a 0.7 rise. On the flip side, media stocks fell 0.7. Markets this week will be watching euro zone employment data and U.S. consumer price figures for clues on the interest rate outlook. As the earnings season draws to a close, latest LSEG estimates show secondquarter STOXX 600 earnings are expected to rise nearly 21, up from forecasts of about 12.5 in early May. Shares of Caledonia Mining climbed 1.6 after the Zimbabwefocused gold miner reported a 16 increase in secondquarter profit.... https://www.gurutrade.com/news/european-stocks-steady-as-investors-weigh-hormuz-risks-1786353257.html Mon, 10 Aug 2026 11:10:22 +0300 https://www.gurutrade.com/news/gold-steadies-after-scaling-seven-week-peak-us-data-looms-1786353605.html US CPI and PPI data due this week Iran ties Hormuz reopening to US concessions on several demands Markets dial back rate hike bets after Friday39;s jobs data Aug 10 Reuters Gold held steady on Monday after prices hit a sevenweek high in the previous session, while markets looked to U.S. inflation data for fresh clues on the Federal Reserve39;s interest rate path. Spot gold was little changed at 4,346.85 per ounce, as of 0637 GMT. Prices hit their highest since June 17 on Friday after weak U.S. nonfarm payrolls data. U.S. gold futures rose 0.2 to 4,406.80 on Monday. The weak U.S. jobs data reduced fears of an imminent rate hike and gave the metal a spark. This looks like a natural stabilisation I expect gold to remain supported above the 4,300 level in the near term, said Tim Waterer, chief market analyst at KCM Trade. Data showed the U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower. Futures markets flipped the odds of a rate hike at the September 1516 Federal Open Market Committee meeting from likelierthannot to a worsethaneven chance. A lower interest rate environment boosts the attractiveness of gold against incomegenerating assets, as bullion earns no interest. Key U.S. data scheduled for release this week include the Consumer Price Index CPI on Wednesday and the Producer Price Index PPI on Thursday. Soft readings would strengthen the case for a rate hold and clear a path... https://www.gurutrade.com/news/gold-steadies-after-scaling-seven-week-peak-us-data-looms-1786353605.html Mon, 10 Aug 2026 10:30:04 +0300 https://www.gurutrade.com/news/dollar-rises-from-2-month-low-as-oil-gains-inflation-eyed-1786351473.html Oil rises on Strait of Hormuz uncertainty Dollar edges up from twomonth low Markets on hold ahead of U.S. CPI, Australian rate decision HONG KONG, Aug 10 Reuters The U.S. dollar inched higher from a twomonth low against major currencies on Monday, as oil prices climbed due to a muddled Middle East outlook while investors awaited this week39;s inflation data for more clues on the Federal Reserve39;s rate path. The euro was slightly weaker at 1.1551, hovering near its strongest level since midJune, while sterling was steady at 1.3486, below its fiveweek peak. The yen weakened to a low of 158.30 per dollar, continuing to pare interventionled gains but still well off the roughly 164 multidecade low hit late last month. The dollar index , which tracks the currency against six major peers, was up 0.06 at 99.7, regaining some ground after hitting the lowest level since June 2. Oil prices rose on Monday, with Brent oil futures last up 1.4 at roughly 85 per barrel amid continued uncertainty over the reopening of the Strait of Hormuz. Iran said a deal with Oman defining new shipping lanes was in its final stages but added that the U.S. must still meet other conditions, muddling the energy supply outlook. Meanwhile, data on Friday showing the U.S. economy unexpectedly shed jobs in July while job gains for the prior two months were revised sharply lower, cooling expectations for a Fed rate hike next month. That adds extra weight to this week39;s CPI report, along with... https://www.gurutrade.com/news/dollar-rises-from-2-month-low-as-oil-gains-inflation-eyed-1786351473.html Mon, 10 Aug 2026 08:50:48 +0300 https://www.gurutrade.com/news/yen-surges-on-us-jobs-traders-wary-of-intervention-1786376259.html LONDON, Aug 7 Reuters The yen jumped suddenly against the dollar again on Friday after a surprisingly weak U.S. employment report, with traders alert to the prospect of intervention just a few days after Japanese and U.S. authorities jointly stepped into the foreign exchange markets to lift the stubbornly weak Japanese currency. The dollar fell by as much as 1.1 to 156.68 and was last trading at 157.16, well away from the 40year high of 163.99 hit in July. It was not immediately clear whether Japanese authorities were involved, although analysts said the weakness in the jobs data could be reason enough to sell the dollar. The scale of the undershoot on payrolls means it makes sense for the dollar to be falling look at the short end of the U.S. yield curve so the currency moves look like they are fundamentally driven, Lee Hardman, senior currency analyst at MUFG said referring to the sharp drop in 2year Treasury yields. It39;s very rare you get these negative prints, so it39;s a big downside surprise that has definitely put a dampener on expectations for the Fed and we39;d expect to see a significant reaction and a broad based dollar selloff. Nonfarm payrolls decreased by 23,000 jobs last month after a downwardly revised 20,000 increase in June, the Labor Department39;s Bureau of Labor Statistics said in its closely watched employment report on Friday. Economists polled by Reuters had forecast payrolls rising 80,000 after advancing by a previously reported 57,000... https://www.gurutrade.com/news/yen-surges-on-us-jobs-traders-wary-of-intervention-1786376259.html Fri, 07 Aug 2026 03:50:50 +0300 https://www.gurutrade.com/news/uk-stock-indexes-set-for-fourth-week-of-gains-miners-rally-1786119686.html Precious metal miners rally as gold prices jump Oxford Biomedica tumbles 18 after cutting 2026 revenue forecast Goodwin gains 10 as it explores sale of parts of engineering business Aug 7 Reuters The main UK indexes were on track for a fourth consecutive week of gains on Friday, as a rally in precious metal miners helped offset worries about a lasting peace agreement between the United States and Iran. The bluechip FTSE 100 rose 0.6 to 10,933.67 points by 1009 GMT, while the midcap FTSE 250 added 0.3 to 24,771.10 points. Both were on track for weekly gains, with the midcap index set for its biggest weekly gain since midApril. UKlisted shares of Hochschild, Fresnillo and Endeavour Mining rallied in the range of 2.5 to 8.3, as gold prices jumped against a sluggish dollar. Meanwhile, fresh concerns surrounding the reopening of the and potential Iranian bans and fines on vessels it deems hostile kept oil prices , supported. Investors will closely watch U.S. monthly nonfarm payrolls report at 1230 GMT for signs on the health of the U.S. labour market as well as monetary policy trajectory. Traders expected the U.S. Federal Reserve to hike interest rates by 25 basis points at least once this year, while placing the odds of a second such hike by the end of the year at 33, as per LSEG data. Britain39;s housing market slowed in July in both monthly and annual price rise terms as higher borrowing costs and uncertainty caused by the Iran war overshadowed... https://www.gurutrade.com/news/uk-stock-indexes-set-for-fourth-week-of-gains-miners-rally-1786119686.html Fri, 07 Aug 2026 01:30:14 +0300 https://www.gurutrade.com/news/gold-set-for-best-week-since-january-as-inflation-fears-ebb-1786101863.html Spot gold up over 6 for the week Trump says he thinks war with Iran will end 39;pretty soon39; US NFP data due at 1230 GMT Silver, platinum and palladium also head for weekly gains Aug 7 Reuters Gold gained more than 1 on Friday and was on track for its biggest weekly rise since January, as expectations of U.S. rate hikes receded and inflation worries tied to the U.S.Iran peace deal eased, with investors also awaiting U.S. nonfarm payrolls data. Spot gold was up 1.6 at 4,308.92 per ounce by 0845 GMT, after hitting a sevenweek high on Thursday. Prices have gained over 6.6 for the week so far. U.S. gold futures rose 1.6 to 4,367.90. Gold is a derivative of Fed policy expectations at the moment. The marginal drop in the implied probabilities of Fed rate hikes, along with the belief that Chairperson Warsh may be less of a policy hawk than expected, has driven the metal higher, said Kyle Rodda, a senior financial market analyst at Capital.com. Traders currently see a 55 chance of a U.S. rate hike in September, compared to 67 last week, according to the CME FedWatch Tool. U.S. President Donald Trump told reporters that he believed the war with Iran would be over soon. Crude oil prices were headed for a weekly loss. Falling energy costs can alleviate inflation concerns, leading investors to scale back bets on higher interest rates. Although gold is regarded as an inflation hedge, its appeal tends to diminish in a highrate environment since it offers no yield. The... https://www.gurutrade.com/news/gold-set-for-best-week-since-january-as-inflation-fears-ebb-1786101863.html Fri, 07 Aug 2026 12:30:30 +0300 https://www.gurutrade.com/news/korean-retail-traders-return-to-wall-street-after-kospi-rout-1786127424.html Retail investment in U.S. stocks hits 6month high KOSPI posts worst month since 2008; won jumps 8 Deposits in reshoring investment accounts shrink for first time Path narrow for sustained won gains amid outflows, analysts say SEOUL, Aug 7 Reuters South Korea39;s stock market rout is unravelling a governmentbacked effort to lure retail 39;ant39; investors home, driving the biggest rush into the U.S. market in six months and reviving a longstanding risk to the won. In July, as the benchmark KOSPI sagged to its largest monthly loss since the depths of the 2008 global financial crisis, retail buying of U.S. stocks hit 4.6 billion, according to Korea Securities Depository data. That was well above the 2.7 billion monthly average in 2025, a year in which retail investment in U.S. equities more than tripled from the previous year. Reuters calculations show those purchases surpassed buying of domestic shares for the first time since February, highlighting how quickly confidence in the local market has evaporated. The reversal threatens to revive a yearsold pattern in which retail investors funnel savings overseas, analysts say, acting as a drag on the South Korean currency and frustrating policymakers trying to deepen participation in the domestic market. Outflows slowed because the domestic market was strong, but they reaccelerated as the KOSPI collapsed, fanning investor views that the U.S. is the right decision after all, said Kwon Ahmin, an FX analyst at NH... https://www.gurutrade.com/news/korean-retail-traders-return-to-wall-street-after-kospi-rout-1786127424.html Fri, 07 Aug 2026 12:10:07 +0300 https://www.gurutrade.com/news/hk-insurers-drop-as-beijing-taxes-offshore-income-1786095929.html HK insurers fall on report of tax on offshore policy income Hong Kong regulator says such tax measure always existed AIA drops 8.5; Prudential slides more than 5 Tax move raises fears over offshore investment curbs HONG KONGBEIJING, Aug 6 Reuters China39;s mainland tax authorities have begun levying taxes on insurance policy income earned offshore, according to four people with direct knowledge of the matter, sending Hong Konglisted shares of major insurers, led by Prudential and AIA Group, sharply lower on Thursday. Beijing and Hangzhou authorities have started to apply personal income tax rates of 20 on returns from Hong Kong insurance policies, including dividend payouts and interest earned on prepaid premiums, three of the sources, who could not be named discussing confidential information, told Reuters. The Hong Kong Insurance Authority said such rules had long been in existence but did not say if their application was changing in any way. The requirement for Mainland residents to declare and pay taxes on overseas investment income according to the law has always existed, the Hong Kong Insurance Authority said in an emailed statement to Reuters, without further explanation. The regulator added that Hong Kong39;s mature insurance market remains attractive to mainland clients. Yet the tax move, dealing another blow to Hong Kong39;s status as a major financial hub for Chinese overseas wealth, was seen by analysts as a potential sharpening of China39;s... https://www.gurutrade.com/news/hk-insurers-drop-as-beijing-taxes-offshore-income-1786095929.html Thu, 06 Aug 2026 05:50:40 +0300 https://www.gurutrade.com/news/gold-hovers-near-7-week-high-on-easing-rate-hike-concerns-1786027288.html Spot gold posts biggest daily gain since February on Wednesday Proposed Hormuz deal would give Iran control of inbound traffic US nonfarm payrolls report due on Friday Aug 6 Reuters Gold climbed to a sevenweek high on Thursday, extending gains into a fourth session, as hopes surrounding the reopening of the Strait of Hormuz eased mounting fears around inflation and higherforlonger interest rates. Spot gold was up 0.4 at 4,261.86 per ounce by 1125 GMT, after earlier hitting its highest level since June 18. On Wednesday, bullion posted its biggest daily gain since February, climbing as much as 4,267.24 per ounce. U.S. gold futures rose 0.4 to 4,321.40. Gold tries to hold onto its recent gains today amid growing optimism around the Strait of Hormuz. Hopes for a diplomatic breakthrough that restores oil flows are easing inflationary fears and paring back aggressive Fed tightening bets, said Nikos Tzabouras, senior market analyst at Jefferiesowned Tradu.com. A proposed deal between Iran and Oman to help end five months of war between Iran and the United States would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters. Market expectations for a September U.S. rate hike have eased to 55 from 67 two days earlier. While gold is typically seen as a hedge against inflation, it loses its appeal as a nonyielding asset in highinterestrate environments. Federal Reserve Bank of San... https://www.gurutrade.com/news/gold-hovers-near-7-week-high-on-easing-rate-hike-concerns-1786027288.html Thu, 06 Aug 2026 03:30:55 +0300 https://www.gurutrade.com/news/ftse-indexes-climb-on-earnings-optimism-1786023451.html WPP soars 26 after saying trading trajectory improved in recent months Admiral jumps 4.6 after firsthalf results and share buyback announcement Tritax Big Box REIT drops 4 after placing 350 million pound share sale Aug 6 Reuters The UK39;s main stock indexes edged higher on Thursday, bucking the weakness in Asian markets, as strong earnings from companies, including Persimmon and WPP, lifted sentiment. The bluechip FTSE 100 index rose 0.3 to 10,921.64 points by 0942 GMT, while the midcap FTSE 250 climbed 0.1 to 24,663.72 points. Persimmon climbed 3.6 after the housebuilder forecast annual home deliveries at the top end of its range, while insurer Admiral jumped 4.6 after its firsthalf results and share buyback announcement. Among the midcap stocks, WPP soared 26, on track for its biggest singleday percentage gain in over three decades, after the ad firm said the trajectory had improved in recent months, even as it reported a 4.7 drop in firsthalf adjusted revenue. Asian stocks and U.S. Nasdaq futures came under pressure as turbulence in the chip sector persisted, though broader European markets were at record highs. Oil prices edged higher as uncertainty over IranOman talks to end five months of war between Iran and the United States, as well as reports of attacks on Saudi tankers in key shipping routes, stoked supply concerns. Investors are awaiting U.S. nonfarm payrolls data on Friday for clues on the health of the labour market and... https://www.gurutrade.com/news/ftse-indexes-climb-on-earnings-optimism-1786023451.html Thu, 06 Aug 2026 01:20:35 +0300 https://www.gurutrade.com/news/sterling-struggles-for-direction-before-possible-hormuz-deal-1786024183.html Markets price about 23 basis points of BOE tightening by yearend ING expects sterling could fall if Bank of England hikes fail to materialise Investors await details on Strait of Hormuz deal LONDON, Aug 6 Reuters The British pound was steady against both the euro and the dollar on Thursday as investors awaited updates on a possible deal between Iran and Oman that could reopen the Strait of Hormuz. Global financial markets are watching events in the Middle East closely, as expectations have risen that a deal that could potentially reopen the strait one of the biggest sticking points in wider efforts to end the U.S.Iran war  could be close. There was a clear intention from the latest deescalation not to create too prolonged disruption in the Strait of Hormuz, said Francesco Pesole, FX strategist at ING. I think that39;s what markets are caring about at the moment. Sterling was little changed against the dollar at 1.3460 on Thursday as markets bided their time before a possible announcement on a deal. Against the euro, the pound was flat at 85.73 pence. BOE POLICY The Bank of England kept interest rates on hold last week, flagging that it needed more time for a sense of how much the war in the Middle East would push up inflation. Investors were now pricing in about 23 basis points of tightening by the end of the year, with a first hike not fully priced until the February 2027 meeting. ING39;s Pesole believes tightening expectations have overshot, suggesting... https://www.gurutrade.com/news/sterling-struggles-for-direction-before-possible-hormuz-deal-1786024183.html Thu, 06 Aug 2026 01:00:23 +0300 https://www.gurutrade.com/news/emerging-markets-get-a-hard-lesson-in-tech-hype-1786013982.html AI boom thrusts emerging market stocks back into the limelight TSMC, Samsung and SK Hynix have all soared in value Recent volatility has been too much to handle for some investors LONDON, Aug 6 Reuters A few years ago, when almost every bank research note seemed to focus on soaring U.S. tech stocks, veteran emerging market fund manager Carlos von Hardenberg was struggling to get investors interested in anything else. Not any more. Now the AI boom has lit a rocket under the South Korean and Taiwanese firms that dominate hightech memory chip making and, as of this year, the global EM stock indexes that have emerged from Wall Street39;s shadow. Investors would say they were only interested in the U.S. and Magnificent Seven, and this is all you need because they were doing so well, said Hardenberg, who cofounded MCP Emerging Markets in 2018 alongside pioneering EM bull Mark Mobius. Now this year, everything turned the other way around. But riding the AI boom has come at a cost. Since late June extreme volatility has taken hold, almost as if investors suddenly got altitude sickness. South Korea39;s KOSPI index, which had doubled in value on the back of even bigger gains for Samsung Electronics and SK Hynix, ripped back 40 in just six weeks on a mix of concerns and curbs. Taiwan39;s TSMC, by far the biggest company in the EM stock universe, fell almost 14. It sent volatility in South Korea skyrocketing and even for MSCI39;s 1.8 trillion EM benchmark, which contains... https://www.gurutrade.com/news/emerging-markets-get-a-hard-lesson-in-tech-hype-1786013982.html Thu, 06 Aug 2026 09:10:04 +0300 https://www.gurutrade.com/news/ftse-100-climbs-on-glencore-next-gains-and-iran-deal-hopes-1785945107.html Glencore shares rise 3.3 after firsthalf earnings jump 86 Next jumps 6.9 after lifting annual profit outlook for third time this year FTSE 250 climbs 0.6, on track for another record close Aug 5 Reuters London39;s FTSE 100 rose on Wednesday, driven by strong results from Glencore and Next as well as growing expectations for a U.S.Iran peace deal that could ease concerns about oildriven inflation. The bluechip FTSE 100 index rose 0.12 to 10,892.23 points by 0847 GMT, while the midcap FTSE 250 climbed 0.6 to 24,608.02 points, on track to notch another closing record high UKlisted shares of Glencore rose 3.3 after the Swiss miner beat forecasts with an 86 leap in firsthalf earnings, driven by its commodity trading business as conflict in the Middle East fuelled market volatility. It also said it was planning a secondary listing in Australia. Other industrial metal miners such as Rio Tinto and Antofagasta also rose as copper prices ticked up, helped by waning inventories and improving risk sentiment. Clothing retailer Next jumped 6.9, becoming the top gainer in the FTSE 100, as it lifted its annual profit outlook for the third time this year, after warm weather helped it beat secondquarter fullprice sales estimates. HSBC dipped 3.2, having hit a record high earlier in the session, after the bank raised its net interest income target for the year. Oil prices inched higher after a 5 slump on Tuesday as investors waited to see if efforts to end the... https://www.gurutrade.com/news/ftse-100-climbs-on-glencore-next-gains-and-iran-deal-hopes-1785945107.html Wed, 05 Aug 2026 12:50:41 +0300 https://www.gurutrade.com/news/rupee-hits-1-month-high-past-95-ahead-of-rbi-decision-1785917902.html MUMBAI, Aug 5 Reuters The Indian rupee rose to its highest level in a month on Wednesday, buoyed by lower oil prices and a weaker dollar, while forward premiums dropped ahead of the Reserve Bank of India39;s policy decision. The currency opened 0.5 higher at 94.92 per U.S. dollar, its highest level since July 1, and has been moving in the 94.9295.02 range in early trade. The Brent crude oil benchmark tumbled 5.2 on Tuesday, extending losses by another 1 in Asian trade amid comments from Qatari and U.S. officials that fuelled hopes of a diplomatic resolution to the monthslong Iran conflict. The latest decline in crude oil prices reinforced the rupee39;s positive bias, which has been building over recent sessions. Despite the recent momentum, traders said the break past the 95perdollar mark came as a surprise. I hadn39;t expected the 95 level to give way, a currency trader at a privatesector bank said. It appears the underlying trend has become so supportive that positive developments are having a bigger impact on lifting the rupee than they normally would. RBI OUTCOME The decline in oil prices comes ahead of the Reserve Bank of India39;s policy decision due shortly, where it is widely expected to leave interest rates unchanged. Traders expect the policy outcome to have only a limited impact on the rupee, with oil prices, the dollar and RBI FX intervention seen as dominant drivers of the currency in the nearterm. Dollarrupee forward premiums eased ahead of the... https://www.gurutrade.com/news/rupee-hits-1-month-high-past-95-ahead-of-rbi-decision-1785917902.html Wed, 05 Aug 2026 10:10:46 +0300 https://www.gurutrade.com/news/gold-hits-one-month-peak-on-lower-oil-and-softer-dollar-1785913535.html Qatar says mediators make progress in efforts to end war Fed39;s Paulson keeps 39;open mind39; on rate policy outlook Spot silver up nearly 4 Platinum hits highest level since mid June Aug 5 Reuters Gold rose for a third straight session on Wednesday, hitting a onemonth peak on a softer dollar and lower oil prices, while investors awaited U.S. jobs data for clues on the interestrate outlook. Spot gold climbed 2.4 to 4,175.53 per ounce by 0640 GMT, its highest since July 7. U.S. gold futures rose 2 to 4,235.30. The U.S. dollar traded subdued, making greenbackpriced metals more attractive to holders of other currencies. Crude oil extended declines after steep falls in the previous two trading sessions. Lower oil prices can ease inflation concerns that shape expectations of higher interest rates. Qatar said mediators were making progress in efforts to end the U.S.Iran war, although Tehran has denied U.S. President Donald Trump39;s assertion that talks are already underway. Gold39;s relation with oil is still intact as oil prices have a tremendous impact on the global economy in terms of inflationary pressure. If we get a very clear roadmap to further deescalation in tensions, gold prices could move higher, said Kelvin Wong, a senior market analyst at OANDA. Gold tends to lose its appeal in a high interestrate environment despite its status as an inflation hedge, as it yields no interest. Traders are now pricing in a 59 probability of a Federal Reserve interest... https://www.gurutrade.com/news/gold-hits-one-month-peak-on-lower-oil-and-softer-dollar-1785913535.html Wed, 05 Aug 2026 10:00:08 +0300 https://www.gurutrade.com/news/yen-steadies-dollar-near-6-week-low-on-mideast-hopes-1785912013.html Yen near 157, clings on to intervention gains Dollar struggles near sixweek low as oil dips U.S. jobs data, Fed rate outlook in focus HONG KONG, Aug 5 Reuters Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near sixweek lows on fresh optimism over the Middle East. The yen was slightly firmer at 157.61 per U.S. dollar, after easing about 0.4 in the previous session from Monday39;s high of 155.20. It remained well above recent 40year lows of around 164 per dollar. The U.S. will do whatever it takes to support Japan39;s efforts to stabilise the yen, Treasury Secretary Scott Bessent said on Tuesday, offering fresh verbal support after joint intervention by Washington and Tokyo to buy the Japanese yen hit bearish traders last week. Muted market moves suggest investors remain sceptical about how long the effects of the recent interventions will last, according to Vincent Chung, coportfolio manager for diversified income bond strategy at T. Rowe Price. The market39;s base case appears to be that intervention may slow the pace of further yen depreciation, rather than lead to a lasting reversal, he said. Bessent also told public broadcaster NHK that he was sure Bank of Japan Governor Kazuo Ueda will do what is best for the country39;s economy, heightening market expectations that the BOJ could raise rates at its next policy meeting on... https://www.gurutrade.com/news/yen-steadies-dollar-near-6-week-low-on-mideast-hopes-1785912013.html Wed, 05 Aug 2026 09:10:33 +0300 https://www.gurutrade.com/news/india-regulator-unlikely-to-review-stock-auction-yet-source-1785991523.html Aug 5 Reuters India39;s markets regulator sees no flaws in the structure or design of the new stock closing auction and is unlikely to immediately review it, a source with direct knowledge of the matter told Reuters on Wednesday. India39;s benchmark Nifty 50 index had seen sharp volatility earlier this week as a new mechanism to determine the closing prices of stocks was introduced on Monday. The change triggered wild swings in futures and options prices on Tuesday, when weekly derivative contracts expired. It39;s too early to do any review. Participation increased on Tuesday and the Securities and Exchange Board of India expects participation to increase further, said the source, who declined to be identified as he is not authorised to speak to the media. He added that brokers have been urged to increase retail participation. SEBI did not immediately respond to an email seeking comment. Following the rollout, options premiums swung sharply, resulting in unexpected losses for some traders and gains for others. Arbitrage funds were among the biggest beneficiaries, recording a oneday marktomarket jump in valuations, according to exchange data. The unexpected price swings prompted traders to say that the system was not functioning as intended and the issues needed to be addressed, Reuters reported on Tuesday. SEBI expects these issues to settle soon. There is no specific timeline for reviewing the system, the source said. Reporting by Jayshree P Upadhyay; Writing... https://www.gurutrade.com/news/india-regulator-unlikely-to-review-stock-auction-yet-source-1785991523.html Wed, 05 Aug 2026 08:30:14 +0300 https://www.gurutrade.com/news/sterling-holds-steady-as-traders-watch-iran-talks-and-yen-1785873419.html LONDON, Aug 4 Reuters The pound was little changed on Tuesday as markets waited for further details on possible U.S.Iran peace talks and traders were on alert for further intervention in the Japanese yen that has the potential to spill over into other markets. Sterling was last up less than 0.1 at 1.344, after rising sharply at the end of last week as the dollar slid in the wake of official intervention to prop up the yen and as the U.S. Federal Reserve held interest rates. The pound was also little changed against the euro , with the euro zone39;s currency down less than 0.1 at 85.62 pence. Oil prices have fallen this week after U.S. President Donald Trump said on Monday that talks with Iran were under way, reducing potential inflationary pressures for energyimporting countries, such as Britain. Yet Iran denied that any negotiations were being held or planned, pushing oil prices back up slightly on Tuesday, with Brent crude up 3 to 86.10 a barrel. Currency traders were also bracing for potential further intervention in the yen after Japan and the U.S. bought the currency in a rare move at the end of last week. Two market sources told Reuters the U.S. Treasury bought yen with euros instead of dollars, a highly unusual move likely aimed at helping Japan without encouraging a view that Washington wants a softer dollar. The swings in currency markets, as well as the Fed decision, helped drive sterling up 1.4 over three days at the end of last week. This week,... https://www.gurutrade.com/news/sterling-holds-steady-as-traders-watch-iran-talks-and-yen-1785873419.html Tue, 04 Aug 2026 02:10:18 +0300 https://www.gurutrade.com/news/european-stocks-hit-record-high-on-earnings-tech-surge-1785859942.html Zalando slips after lowering profit outlook Bayer gains after reporting surprise quarterly profit increase BE Semiconductor gains as Berenberg upgrades to buy Aug 4 Reuters European shares hit an alltime high on Tuesday, as gains in technology stocks and a slate of corporate earnings updates helped shift focus from lingering unease over the U.S.Iran war and its impact on energy markets. The panEuropean STOXX 600 index was up 0.4 at 654.78 by 0856 GMT, after touching a record high of 656.85 earlier in the session. With the European earnings season gathering pace, investors sifted through company updates for clues on the region39;s business outlook. Shares in Bayer rose 3 after the German pharmaceuticals group reported an unexpected 1.9 increase in quarterly operating profit. The technology sector gained 1.7, with BE Semiconductor advancing 5.6 after Berenberg upgraded the stock to buy, saying recent market weakness has created an attractive entry point for investors. Other chip stocks also advanced, with Soitec leading gains with a 5.1 rise. Aixtron, ASML and Infineon were up between 1.3 and 3.6. Global chip stocks have recently been volatile as investors assessed whether lofty valuations in the sector were justified by the durability of AIdriven demand and spending. So far, we believe company reports corroborate our view that firms are executing on their plans and that the regions earnings trajectory is turning more positive, analysts at UBS Global Wealth... https://www.gurutrade.com/news/european-stocks-hit-record-high-on-earnings-tech-surge-1785859942.html Tue, 04 Aug 2026 01:50:55 +0300 https://www.gurutrade.com/news/ftse-100-gains-as-bp-and-miners-advance-1785861702.html FTSE 100 rises 0.3, FTSE 250 climbs 0.1 BP up 1 after Q2 profit more than doubles to 5.73 billion Metal miners rally as copper prices touch twomonth highs Aug 4 Reuters London39;s FTSE 100 rose on Tuesday, buoyed by strong results from bluechip company BP and a surge in metal miners as commodity prices climbed. The FTSE 100 index was up 0.3 at 10,886.98 points by 0905 GMT, while the midcap FTSE 250 inched up 0.1 to 24,244.35 points. Shares of BP rose 1 after the oil major reported secondquarter profit that more than doubled to 5.73 billion and beat analysts39; forecasts, thanks to higher energy prices, trading and refining margins. HSBC dipped 1.1, having hit a record high earlier in the session, after the bank raised its net interest income target for this year. Industrial metal miners such as Glencore and Rio Tinto added 4.1 and 2.7, respectively, as copper prices touched twomonth highs, supported by falling inventories. The broader panEuropean STOXX 600 index touched record highs and U.S. futures rose as an upbeat earnings season and renewed buying in big U.S. technology stocks offset uncertainty around the Middle East conflict. The FTSE 100 is rebounding after three sessions of declines, and held below a record high hit last week. The FTSE 250 was trading at a near sixyear high. Oil prices rose on Tuesday as a diplomatic resolution to the U.S.Iran conflict remained uncertain, with Iran39;s Foreign Ministry spokesman Esmail Baghaei... https://www.gurutrade.com/news/ftse-100-gains-as-bp-and-miners-advance-1785861702.html Tue, 04 Aug 2026 12:40:30 +0300 https://www.gurutrade.com/news/rupee-nudges-higher-as-inflows-face-importer-hedging-drag-1785846274.html MUMBAI, Aug 4 Reuters The Indian rupee logged modest gains on Tuesday, supported by dollar sales by foreign banks, although gains were capped on account of importer hedging activity. The rupee was last at 95.30 per dollar, up marginally from its close at 95.3325 in the previous session. It has gained more than 1 from a twomonth low hit last week. The rupee39;s upward trajectory has continued to run into importer dollar buying, traders said, with oil refiners and gold importers among those hedging actively. Persistent dollar selling interventions by the Reserve Bank of India alongside a sharp retreat in oil prices have helped shore up the currency amid signs of sustained inflows as part of steps to strengthen India39;s balance of payments. The RBI39;s measures have attracted inflows of over 40 billion, with State Bank of India, HSBC and ICICI Bank garnering the largest amounts under the mechanism. Combined, banks39; stock of overseas foreigncurrency deposits grew by nearly 28 billion between June 5 and July 30. The strong inflows, which have eased pressure on the rupee, alongside largely contained price pressures are expected to give the RBI room keep rates on hold this week, economists said, even as many of its peers pivot to rate hikes. MUFG expects the rupee to trade between 94 and 95 over the next three to six months, before retreating towards 96 over the medium term. The firm expects the RBI to raise rates by 50 basis points starting from the OctoberDecember... https://www.gurutrade.com/news/rupee-nudges-higher-as-inflows-face-importer-hedging-drag-1785846274.html Tue, 04 Aug 2026 12:30:32 +0300 https://www.gurutrade.com/news/gold-steady-amid-mideast-turmoil-us-jobs-data-in-focus-1785834763.html US nonfarm payrolls data due on Friday Trump says Iran talks under way but Tehran denies Fed39;s Williams expects inflation to ease Aug 4 Reuters Gold nudged higher on Tuesday as investors weighed mixed signals on potential U.S.Iran talks and awaited a series of U.S. labour market reports for clues on the Federal Reserve39;s interest rate trajectory. Spot gold rose 0.2 to 4,061.96 per ounce by 0650 GMT. U.S. gold futures rose 0.7 to 4,118.30. Reports on U.S. labour market due this week include job opening data later in the day, the ADP employment report on Wednesday and nonfarm payrolls figures on Friday. Gold is currently in a consolidation phase. If we see weakness in the job market, it could pressure the U.S. dollar and as result there will be gains in gold, said Ajay Kedia, director at Mumbaibased Kedia Commodities. U.S. President Donald Trump said talks with Iran were under way, warning of a last chance for Tehran to sign a good deal, but Iran denied that negotiations were being held or planned. The conflict has driven up energy costs and stoked inflation fears, which could prompt central banks to raise interest rates to keep price pressures in check. While gold is seen as an inflation hedge, higher rates tend to weigh on the metal as it yields no interest. Traders currently price in a 65 chance of a rate hike in September after a divided Fed maintained the status quo at its last policy meeting. If bets for a September ratehike ease, it will support... https://www.gurutrade.com/news/gold-steady-amid-mideast-turmoil-us-jobs-data-in-focus-1785834763.html Tue, 04 Aug 2026 11:10:04 +0300 https://www.gurutrade.com/news/us-shakes-fx-markets-with-talk-of-yen-buying-via-euros-1785774881.html U.S. intervention in euroyen highly unusual Choosing euroyen likely to avoid signaling dollar weakness, analysts say LONDON, Aug 3 Reuters Traders grappling with an already rare coordinated U.S.Japanese action to prop up the weak yen are also digesting a further unusual dynamic the U.S. selling euros. Japan confirmed on Monday it had carried out yenbuying intervention on Friday with the U.S. Treasury department. But rather than buying yen and selling dollars, two market sources told Reuters the Treasury had instead bought yen for euros, confirming an earlier Financial Times report. Analysts at HSBC said this was a highly unusual maybe unprecedented step. The move likely reflects a desire by U.S. authorities to help Japan strengthen the yen but not encourage a view that Washington wants a softer dollar which would only complicate efforts to rein in above target inflation, currency analysts added. Given that at the moment the U.S. has above target inflation, a weaker dollar right now isn39;t the best thing for them, said Lee Hardman, senior currency analyst at MUFG. A bump to inflation from a broadly weaker dollar could give a divided Federal Reserve more cause to raise U.S. interest rates. Japan39;s Ministry of Finance also intervened in markets on Thursday and in addition to Friday39;s action, there were further sharp moves on Monday that were potentially interventiondriven. The yen, trading at around 157 per dollar, has recovered from 40year lows near 164.... https://www.gurutrade.com/news/us-shakes-fx-markets-with-talk-of-yen-buying-via-euros-1785774881.html Mon, 03 Aug 2026 05:10:09 +0300 https://www.gurutrade.com/news/yen-gains-3rd-day-euro-dollar-awaits-key-us-data-1785761308.html Yen extends last week39;s rally Barclays sees longerterm downward pressure on yen persisting Eurodollar steadies as markets await U.S. data Aug 3 Reuters The yen rose for a third straight session against the euro and the dollar on Monday, keeping traders on alert for further intervention after Tokyo and Washington stepped into the foreign exchange market last week to support Japan39;s currency. Meanwhile, oil prices sank after U.S. President Donald Trump held back from a fresh attack on Iran, but the greenback held steady before key U.S. jobs data. Iran said it is not currently holding talks with the United States. Japan and the United States conducted coordinated yenbuying intervention and will not hesitate to take further action, Japan39;s finance ministry said on Monday. TRADERS ON ALERT FOR INTERVENTION The yen also advanced against other currencies like the euro and sterling, stirring speculation Japanese authorities could be in the market again. Dollaryen 1.52 standard deviations above the longterm trend have been a useful guide for identifying when intervention risk enters the danger zone, said Stephen Spratt, APAC developed markets rates strategist at Societe Generale. Currently this level is 162.72164.96 area, he added. The Japanese currency rose 1 in the Asian morning to a high of 155.20 per dollar, its strongest level in about three months, before paring some gains. It was last up 0.39 at 156.76. The 200day moving average close to 158 is likely to... https://www.gurutrade.com/news/yen-gains-3rd-day-euro-dollar-awaits-key-us-data-1785761308.html Mon, 03 Aug 2026 02:30:00 +0300 https://www.gurutrade.com/news/sterling-ends-3-day-rise-against-dollar-falls-versus-yen-1785769576.html Aug 3 Reuters Sterling broke a threeday winning streak against the dollar while dropping versus the yen as investors closely watch the U.S. rate path and authorities39; interventions to support the Japanese currency. The new British government39;s cautious fiscal stance helped ease investor concerns that had fuelled a political risk premium in sterling, underpinning the currency late last week despite the dovish message from the Bank of England39;s policy meeting. Finance minister John Healey told cabinet ministers to make cuts in their budgets to help fund the government39;s new spending commitments, the Times reported on Friday. The British currency dropped 0.50 against the yen to 211.11 after hitting 209.48, the lowest since March 5. It fell also last week as Tokyo and Washington stepped into the foreign exchange market to support Japan39;s currency. Sterling was last down 0.18 at 1.3457, after reaching 1.35055 earlier in the session, the highest level since July 16. The dollar index was little changed, shrugging off a decline in oil prices on Monday as investors awaited U.S. employment data later in the week for fresh signals on the U.S. rate trajectory. The pound recorded its best monthly performance since April against the dollar and euro on Friday. It inched 0.13 lower against the euro . The pound39;s negative risk premium closed somewhat further last week, albeit much less than we would have expected in light of the dovish lean of the Monetary Policy... https://www.gurutrade.com/news/sterling-ends-3-day-rise-against-dollar-falls-versus-yen-1785769576.html Mon, 03 Aug 2026 01:10:40 +0300