July 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 […]
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 […]
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