Dollar stable ahead of PCE data; euro edges higher, yen slips
Investing.com – The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly but…
Oil set for third weekly decline, pressured by Gaza ceasefire hopes
By Laila Kearney (Reuters) – Oil prices rose slightly on Friday but remained on track for a third straight week of decline due to weak demand in China, the world’s…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 26.07.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD:Β an ascending…
Trump Wants Weak US Dollar. Forecast as of 26.07.2024
The robust US economy and elevated interest rates have prompted a surge in capital inflows, exerting downward pressure on the EURUSD exchange rate. Import tariffs and fiscal stimulus measures are…
Chinese firms seek to cut stakes in new Indonesian nickel smelters
By Fransiska Nangoy JAKARTA (Reuters) – Chinese companies are in talks with potential investors to reduce their stakes in Indonesian nickel smelters amid efforts to make their products eligible for…
Gold prices rise but nurse weekly losses with PCE data on tap
Investing.com– Gold prices rose in Asian trade on Friday but were nursing steep losses through the week as traders remained largely biased towards the dollar before more cues on interest…
Oil prices set for third straight week of decline
By Laila Kearney (Reuters) – Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world’s largest…
Asia FX weakens with yuan volatile, dollar steady ahead of PCE data
Investing.com– Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan logging wild swings amid suspected intervention by the Peopleβs Bank, while the dollar steadied ahead…
Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
(Reuters) – Goldman Sachs said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year. Strategic petroleum…
Oil prices steady on strong US GDP, but set for third week in red
Investing.com– Oil prices steadied in Asian trade on Friday, taking some support from positive U.S. gross domestic product data, but concerns over sluggish demand conditions in Asia put crude on…
