July 31, 2023 12:37 pm
Elbit Systems (ESLT) said that it had been awarded a contract worth nearly $60 million to supply 155mm artillery shells to the Israeli Defense Forces’ Artillery Corps. “The expansion and the upgrade of our production infrastructure enables the provision of rapid production of a range of high quality solutions to the Israel Ministry of Defense,” […]
Read moreJuly 31, 2023 9:35 am
Key points USD/ZAR set for 6% monthly drop South African trade data for June in focus US Dollar Index heads for over 1% monthly loss The South African Rand looked set to register its best monthly performance since November 2022 ahead of South African trade balance report for June. The report, due out at 12:00 […]
Read moreJuly 31, 2023 8:04 am
Britain’s Senior on Monday reported a surge in its profit for the first half of the year, as plane makers increased production to satisfy air travel demand boom. Strong demand in the company’s flexonics business has offset weaker performance in aerospace due to supply chain issues. The auto and aircraft parts supplier reported profit before […]
Read moreJuly 28, 2023 12:46 pm
Futures on US West Texas Intermediate Crude Oil looked set to register their fifth consecutive week of advance, as investors remained optimistic about both demand and supply prospects. WTI Crude Oil Futures have surged almost 13% so far this month, mostly underpinned by output cuts announced by top producers Saudi Arabia and Russia. Meanwhile, expectations […]
Read moreJuly 28, 2023 9:32 am
Key points EUR/JPY trades not far from levels last seen in mid-June ECB hikes rates, to follow “data-dependent approach” to future policy decisions BoJ keeps key rates unchanged, but pledges yield curve control flexibility EUR/JPY bounced off a fresh six-week low on Friday, but was still heading for a 2.9% weekly loss, the largest since […]
Read moreJuly 28, 2023 7:22 am
Key points AUD/JPY hovers above fresh 8-week trough BoJ keeps key rates unchanged, but pledges yield curve control flexibility BoJ decision considered by traders as preparation for exit from ultra-easy monetary policy The Japanese Yen rallied decisively against the Australian Dollar in volatile trade on Friday, after the Bank of Japan took steps in order […]
Read moreJuly 27, 2023 12:34 pm
Spain’s Repsol on Thursday reported a sharp decline in its second-quarter adjusted earnings mostly due to lower energy prices. The result, however, outstripped market expectations. The company’s adjusted profit came in at EUR 827 million in the latest quarter, down from EUR 2.16 billion in the year-ago period, when oil and gas prices along with […]
Read moreJuly 27, 2023 9:35 am
Key points Aussie gains as risk sentiment improves Euro waits for ECB rate decision and September guidance The risk-sensitive Australian Dollar strengthened against the Euro on Thursday, as prospects that the global monetary policy tightening cycle could be nearing an end lifted market sentiment. The Federal Reserve raised the target range for the federal funds […]
Read moreJuly 27, 2023 8:02 am
Key points USD/JPY hovers above one-week low of 139.378 Fed delivers 25 bps hike, as expected Dollar weakens on speculation Fed may be close to end of tightening cycle BoJ expected to maintain ultra-easy policy stance tomorrow The Japanese Yen was holding gains against a weaker US Dollar on Thursday, after the Federal Reserve delivered […]
Read moreJuly 26, 2023 12:25 pm
Key points WTI Crude Futures slip from recent three-month high FOMC decision eyed with focus on future rate outlook US crude stockpiles surge last week – API Futures on US West Texas Intermediate Crude Oil came off recent three-month high, retreating almost 1% on Wednesday, amid caution ahead of the Federal Reserve’s policy decision later […]
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