July 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 […]
Read moreJuly 21, 2023 10:21 am
Key points Spot Silver extends losses, pulling back from 10-week high US Dollar and Treasury yields surge after jobless claims data bolster hawkish Fed bets Silver looks at 0.8% weekly loss Spot Silver extended losses on Friday and was on course for its first weekly decline in four weeks, as the US Dollar strengthened and […]
Read moreJuly 21, 2023 7:58 am
Key points GBP/CAD rebounds from two-week trough UK retail sales growth adds to case for more BoE rate hikes Canada retail sales data now in focus The British Pound firmed against the Canadian Dollar on Friday, looking to snap a four-day streak of losses, after UK retail sales grew more than expected in June despite […]
Read moreJuly 20, 2023 2:24 pm
GXO Logistics Inc (GXO), a leading pure-play contract logistics provider, said on Thursday that it had inked a multi-year agreement with HEINEKEN to continue operating its warehouse, distribution and secondary transport network to retail and wholesale outlets across the United Kingdom. The network manages over 500,000 deliveries annually to more than 8,000 customers from point […]
Read moreJuly 20, 2023 11:38 am
Lockheed Martin has secured an Other Transaction Authority agreement with a ceiling of $220.842 million to develop, integrate, manufacture, test and deliver Indirect Fire Protection Capability-High Energy Laser prototype weapon systems. Work, which is expected to be completed until October 18th 2025, will be performed in Bothell, Washington; Moorestown, New Jersey; Owego, New York; Oldsmar, […]
Read moreJuly 20, 2023 9:18 am
Key points USD/ZAR falls to fresh 15-week trough South Africa inflation slows to 19-month low of 5.4% in June SARB expected to keep main rate intact at 8.25% later today The South African Rand advanced to a fresh 15-week high against the US Dollar on Thursday ahead of a rate decision by the South African […]
Read moreJuly 20, 2023 7:31 am
Key points AUD/JPY at 1-week highs Robust employment growth in June puts more pressure on RBA to continue rate hikes China leaves benchmark lending rates unchanged Japan records first trade surplus in June after 22 months of shortfalls The Australian Dollar surged over 0.5% against the Japanese Yen on Thursday, after Australian jobs data for […]
Read more
