June 30, 2023 12:40 pm
Key points WTI Crude heads for 2nd quarterly loss, Brent set for 4th quarterly drop Macroeconomic concerns weigh on market US oil inventory drop, OPEC+ deal support prices Futures on US West Texas Intermediate Crude Oil were set to register a 7.7% quarterly loss amid lingering concerns over global economic growth and fuel demand respectively. […]
Read moreJune 30, 2023 9:28 am
Key points USD/RUB trades near highest level since March 2022 Rouble pressured by Russia political risk fears, lack of support drivers USD firm on Fed rate hike prospects ahead of PCE data The Russian Rouble plummeted to a fresh 65-week trough against the US Dollar on Friday on lingering local political risk concerns and a […]
Read moreJune 30, 2023 7:29 am
Key points USD/INR set for 2nd week of gains, Rupee still encounters resistance below 82.0000 Latest US data adds to case for more Fed tightening US PCE data in focus USD/INR was heading for a second straight week of gains, as the Rupee was pressured by firmer dollar on expectations of further policy tightening by […]
Read moreJune 29, 2023 12:09 pm
Key points WTI Crude erases earlier losses, but gains seem limited US oil inventories decrease more than expected – EIA Rate hike concerns, weak China data weigh on oil prices Futures on US West Texas Intermediate Crude Oil erased earlier losses and edged higher on Thursday, as investors weighed a larger-than-anticipated drop in US oil […]
Read moreJune 29, 2023 9:26 am
Key points USD/ZAR encounters resistance near last Friday’s two-week high Dollar firm as Fed Chair Powell says two more rate hikes likely ZAR traders await South Africa PPI data The South African Rand was a notch weaker against the US Dollar on Thursday, as market players looked to South African PPI report later in the […]
Read moreJune 29, 2023 7:47 am
Key points NZD/USD trades in proximity to fresh three-week low Fed Chair Powell says two more rate hikes likely this year New Zealand businesses “cautiously optimistic” – ANZ survey New Zealand’s Dollar largely shrugged off an ANZ Bank survey that showed business confidence in New Zealand had improved in June, while reaching its highest level […]
Read moreJune 28, 2023 11:49 am
Key points WTI Crude recoups part of loss in the previous session US oil inventories decrease more than expected – API Data offsets rate hike concerns Futures on US West Texas Intermediate Crude Oil rose on Wednesday on the back of steeper-than-anticipated decrease in US crude stocks, which indicated fuel demand remained strong. The latest […]
Read moreJune 28, 2023 9:43 am
Key points AUD/JPY trades near two-week low Australian CPI data boosts the case for RBA rate pause Japan may intervene in the market to prop up Yen BoJ Governor Kazuo Ueda to speak at ECB Forum in Sintra, Portugal AUD/JPY hovered above a fresh two-week low on Wednesday after a sudden slowdown in Australia’s inflation […]
Read moreJune 28, 2023 7:44 am
Key points EUR/JPY trades at levels last seen in September 2008 USD/JPY near 7-month peak Japan may intervene in the market to prop up Yen Central bank chiefs to speak at ECB Forum in Sintra, Portugal The Japanese Yen traded in proximity to a fresh 15-year trough against the Euro on Wednesday, since Japanese authorities […]
Read moreJune 27, 2023 12:34 pm
Key points WTI Crude retreats more than 1% US oil inventory data in focus – API, EIA Market shrugs off recent geopolitical events Futures on US West Texas Intermediate Crude Oil retreated on Tuesday, as market players looked to incoming US inventory data for clues over fuel demand during the busy summer driving season. The […]
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