XAUUSD: Elliott wave analysis and forecast for 19.07.24 โ€“ 26.07.24

The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2347.67 with a target of 2560.00 โ€“ 2650.00. A…

Asian foreign reserves decline in 2024 first half

By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Asia’s foreign reserves have dropped this year as central banks have intervened to support their currencies, with Japan, Indonesia and South Korea…

WTI Crude Oil: Elliott wave analysis and forecast for 19.07.24 โ€“ 26.07.24

The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 84.80 with a target of 72.30 โ€“ 67.60. A…

Exclusive-ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say

By Yantoultra Ngui and Florence Tan SINGAPORE (Reuters) – Exxon Mobil Corp (NYSE:XOM) has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the…

China lithium rebounds on Chile earthquake, but demand concerns persist

BEIJING (Reuters) – China’s lithium prices rebounded on Friday after a powerful earthquake hit Chile’s major lithium producing region, although growing demand concerns weighed on the metal used in electric…

USDJPY: Elliott wave analysis and forecast for 19.07.24 โ€“ 26.07.24

The article covers the following subjects: Highlights and key points Main scenario: consider long positions above the level of 151.85 with a target of 165.00 โ€“ 170.00 once a correction…

GBPUSD: Elliott wave analysis and forecast for 19.07.24 โ€“ 26.07.24

The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2610 with a target of 1.3250 โ€“ 1.3740. A…

China’s Sinopec reports first-half crude throughput up only 0.1%

SINGAPORE (Reuters) – China Petroleum (OTC:SNPTY) and Chemical Corp (Sinopec (OTC:SHIIY)), Asia’s largest refiner, on Friday reported first-half crude throughput little changed year on year. The state refining giant processed…

Ukraine’s Zelenskiy attends UK cabinet, renews calls on long-range missiles

LONDON (Reuters) – Ukrainian President Volodymyr Zelenskiy addressed British government ministers on Friday, a rare appearance by a foreign leader at a cabinet meeting that new Prime Minister Keir Starmer…

Morning Bid: Volatility resurfaces, tech outage rankles

A look at the day ahead in U.S. and global markets from Mike Dolan Volatility is resurfacing as a turbulent week for world markets and politics was met on Friday…