August 2, 2023 12:15 pm
Key points WTI Crude Futures surge 0.7%, hold near April highs US crude stockpiles drop the most since 2012 last week – API Futures on US West Texas Intermediate Crude Oil surged on Wednesday, while trading near levels last seen in April, after a sharp drop in US crude oil stocks indicated robust fuel demand. […]
Read moreAugust 2, 2023 7:27 am
Key points New Zealand jobless rate at 2-year high Data may not prompt RBNZ to continue rate-hiking campaign BoJ decision last week not a prelude to exit from ultra-easy policy – Deputy Governor The New Zealand Dollar retreated over 1% against the Japanese Yen on Wednesday, after data showed New Zealand’s unemployment rate had risen […]
Read moreAugust 1, 2023 12:21 pm
Futures on US West Texas Intermediate Crude Oil eased on Tuesday due to possible profit-taking, following a strong performance in July mostly driven by supply tightening. WTI Crude Futures settled at $81.80 per barrel on Monday, the commodity’s highest since April 14th. Futures gained as much as 15.8% last month, or the most since January […]
Read moreAugust 1, 2023 9:26 am
Key points Weaker-than-expected Chinese manufacturing data reinforce the case for economic stimulus CAD traders look to Canadian manufacturing data for clues over economic health The risk-sensitive New Zealand Dollar weakened against its Canadian counterpart on Tuesday, after a private survey showed China’s factory activity had shrunk for the first time since April in July, as […]
Read moreAugust 1, 2023 7:29 am
Key points RBA keeps rates on hold for second straight month Traders speculate RBA cash rate peak likely reached Yen volatile after BoJ steps toward policy shift The Australian Dollar retreated against the Japanese Yen on Tuesday, after the Reserve Bank of Australia kept interest rates steady for a second consecutive month, which triggered speculation […]
Read moreJuly 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 […]
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