Key points U.S. crude inventories decrease, suggesting a tightening oil supply. Rising expectations for a Federal Reserve rate cut by the end of the year influence oil market trends. 9th May 2024 – On Thursday, oil prices experienced a moderate …
Key points Soy and corn basis bids have dropped slightly due to increased farmer sales and recent fluctuations in futures prices. Barge freight costs are rising, and international demand remains robust, as seen in recent large-scale wheat purchases by Egypt. …
Key points Hong Kong’s Hang Seng Index and HSCEI experienced significant declines as markets brace for upcoming Chinese trade data. Investors are closely watching for insights into China’s economic condition through detailed export and import figures due tomorrow. On Wednesday, …
Key points EUR/USD Stability: After testing the 1.0800 and 200-day moving average, the EUR/USD pair eyes potential declines, marking its first consecutive daily drops since mid-April. GBP/USD Adjustments: The GBP/USD faces downward pressure, slipping below critical moving averages, with potential …
Key Points: The U.S. dollar regained strength amid renewed bets on upcoming Federal Reserve rate cuts. The yen moved closer to 155 per dollar, maintaining high intervention risks from Japanese authorities. 8th May 2024 – On Wednesday, the U.S. dollar …
Key points RBA Interest Rate Hold: The Reserve Bank of Australia keeps rates steady at 4.35%. Global Stock Resilience: Despite challenges, global stocks show enduring strength, partly fueled by corporate earnings. The Reserve Bank of Australia (RBA) has chosen to …
Key points The Nikkei share average fell by 1.6% to 38,202.37, erasing previous gains. Corporate earnings and U.S. economic indicators significantly influenced market movements. Japan’s Nikkei share average dipped over 1% on Wednesday, retreating from the multi-week highs observed in …
Key points South Korean shares climbed on investor hopes for U.S. Federal Reserve rate cuts and positive U.S. stock movements. South Korea’s foreign exchange reserves fell in April, while corporate earnings from Kumho Petrochemical indicated a decline in net income. …
With 65.61% of traders expecting a downturn in USD/JPY, conventional wisdom might suggest preparing for a decrease. However, the market often defies direct expectations, and the relatively high ratio of bears might hint at an overcrowded trade. For EUR/JPY, the …
7th May 2024 Key points: The Australian dollar fell slightly following the RBA’s decision to keep interest rates unchanged. Australian bond prices rose, and futures markets adjusted their expectations for further rate hikes downward. RBA’s rate decision On Tuesday, the Australian dollar …
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