July 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 […]
Read moreJuly 26, 2023 9:25 am
Key points USD/ZAR bounces off fresh 24-week low FOMC meeting outcome in focus Rand may be vulnerable to losses after recent advance – RMB The South African Rand pulled back from a fresh 24-week high against the US Dollar on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting, which could leave the […]
Read moreJuly 26, 2023 7:24 am
Key points Australian CPI inflation slows more than expected in Q2 Odds of 25 bps RBA rate hike in August trimmed CAD traders now look to Bank of Canada’s July meeting minutes The Australian Dollar weakened against its Canadian counterpart on Wednesday, after data showed inflation in Australia had decelerated more than anticipated in the […]
Read moreJuly 25, 2023 12:41 pm
TotalEnergies announced on Tuesday that it would increase its stake in renewable energy company Total Eren from 30% to full ownership. As part of the transaction, Total Eren will be valued on an enterprise value basis at EUR 3.8 billion, the energy giant said. “With the acquisition and integration of Total Eren, we are now […]
Read moreJuly 25, 2023 9:26 am
Key points USD/KRW off one-week peak South Korea’s Q2 GDP growth exceeds market expectations FOMC rate outlook in focus South Korean Won extended gains against the US Dollar on Tuesday, after preliminary data showed South Korean economy grew at a faster rate than anticipated in the second quarter despite weaker consumer and business spending. South […]
Read moreJuly 25, 2023 7:40 am
Key points GBP/JPY trades near levels last seen in early July Bank of Japan’s YCC decision will be closely watched UK private sector growth the slowest since January – PMI survey The Japanese Yen remained under pressure against major peers, including the British Pound, on Tuesday, as market focus sets on the Bank of Japan’s […]
Read moreJuly 24, 2023 12:48 pm
Key points China stimulus prospects reinforce oil demand prospects Central bank decisions eyed with focus on rate outlook WTI Crude Oil futures extend a gain from the prior week Futures on US West Texas Intermediate Crude Oil extended last week’s gains on Monday, reflecting tightening conditions as OPEC+ output cuts impact the market. Prospects of […]
Read moreJuly 24, 2023 10:04 am
Key points USD/ZAR rebounds from recent 3 1/2-month trough Fed, ECB rate decisions in focus ZAR traders await South Africa PPI data The South African Rand extended a pullback from last week’s 3 1/2-month high against the US Dollar on Monday, as investor focus sets on major central bank policy decisions later in the week. […]
Read moreJuly 24, 2023 8:06 am
Key points EUR/JPY trades near levels last seen in September 2008 Bank of Japan’s YCC decision will be closely watched ECB expected to hike by 25 bps, focus on signals around September meeting EUR/JPY traded not far from Friday’s 179-month high at the start of a week featuring a slew of central bank policy meetings, […]
Read moreJuly 23, 2023 7:45 am
SLB’s quarterly earnings, reported on Friday, outstripped market expectations, as a rebound in offshore and international drilling activity heightened demand for its oilfield services and equipment. However, the company joined its competitors Halliburton and Baker Hughes in projecting lukewarm North American activity. Total revenue was reported at $8.1 billion in the three months to June […]
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