Monthly Archives: August 2026
41654156156Dollar Firms as Treasury Yields Pressure Gold Ahead of FOMC Minutes
Written on August 19, 2026 at 9:17 am, by pumarketings
Key Takeaways: *The US Dollar Index edges higher as elevated long-term Treasury yields support the greenback. *The 30-year Treasury yield briefly reached 5.327%, its highest level since 2007, before easing slightly. *Fiscal concerns, heavy government borrowing and persistent inflation risks continue to pressure long-term bonds. *Gold fell around 1.1% as higher yields increased the opportunityContinue Reading
Aussie Holds Near 0.7100 as RBA Vigilance Meets Key Jobs Test
Written on August 19, 2026 at 9:06 am, by pumarketings
Key Takeaways: *The Australian dollar remains near multi-week highs above 0.7100, supported by a softer U.S. dollar and the RBA’s cautious stance on persistent inflation risks. *Thursday’s Australian labour report is the key catalyst. Strong employment and a stable or lower unemployment rate could reinforce RBA tightening expectations and support further AUD gains. *A weakerContinue Reading
Nasdaq Tumbles 300 Points as Chip Rout, Rising Yields Trigger Tech Sell-Off
Written on August 19, 2026 at 8:54 am, by pumarketings
Key Takeaways: *U.S. equities declined broadly, with the Nasdaq Composite falling more than 300 points as heavy selling in semiconductor stocks weighed on the market. *Micron Technology, Sandisk and other AI-related names suffered sharp losses, dragging the Philadelphia Semiconductor Index down more than 5%. *Rising crude prices amid stalled U.S.-Iran talks and restricted Strait ofContinue Reading
