Bank of Korea hikes again, adding to USD/KRW pressure
USD/KRW slips as the BoK delivers back-to-back hikes to contain inflation driven by the energy shock and the AI boom.
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
Page 2 of 144
USD/KRW slips as the BoK delivers back-to-back hikes to contain inflation driven by the energy shock and the AI boom.
The SPX500 rally stalls as markets look to Nvidia earnings, PCE update and Warsh speech - events that can shape its trajectory and fuel volatility.
Nvidia continues to reap the benefits of the AI boom ahead of its August 26 earnings, but hardware shifts are chipping away at its dominance just as structural risks emerge.
Mounting costs from a memory chip crunch and declining smartphone sales weighed on revenues and profitability, but EV deliveries continued to grow.
The index maintains its momentum after last week's records as markets price in a hold next week and the earnings season has been favourable, but risks linger.
Intel posted another strong quarter on AI demand, but fears over its ability to scale, competition and broader chip industry threats are testing the stock's upside prospects.
The Australian central bank kept rates at 4.35% and lowered its inflation forecasts, weighing on the pair, but does not see inflation returning to the target range this year and kept the door open to more hikes.
Middle East hopes and structural demand drivers are fuelling an XAG/USD recovery, but technical and macro risks linger.
The tech-heavy index is on track for new records fuelled by the AI boom, but a negative market reaction to the latest AI earnings weighs today.
The critical mineral is on track for new record highs on structural demand and regional tightness, but geopolitical risks and consumption headwinds linger.
USD/JPY extends its decline after the two countries took joint action to stem yen weakness and volatility, but structural tailwinds persist.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.