OPEC+ likely to proceed with planned output hike from October, sources say
By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts…
Oil prices largely unchanged; set for August losses
Investing.com– Oil prices steadied Friday amid persistent concerns over tighter supplies in Libya and Iraq, but were still nursing losses for August as traders feared a looming slowdown in demand. …
Admirals Group Cuts Operating Expenses by 9% and Improves Net Loss in H1
In the first half of 2024, Admirals Group AS reported increased trading revenues and positive EBITDA despite low market volatility. The Group’s net trading income rose by 4% to EUR…
XAUUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24
The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2471.10 with a growth target of 2600.00 – 2700.00.…
IBM Stock Forecast & Price Prediction for 2024, 2025-2026 and Beyond
International Business Machines Corporation or IBM is a global leader in the development of hardware and software, as well as a provider of consulting and IT services. The company has…
WTI Crude Oil: Elliott wave analysis and forecast for 30.08.24 – 06.09.24
The article covers the following subjects: Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 83.94 with a bearish target of 63.50…
Oil prices face pressure from slow China demand and inventory rise – Reuters poll
By Anushree Ashish Mukherjee (Reuters) – Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading importer China and rising inventory levels as Saudi Arabia…
USDJPY: Elliott wave analysis and forecast for 30.08.24 – 06.09.24
The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00.…
A drift towards US recession doesn’t have to mean weaker USD – MacQuarie
Investing.com – The U.S. dollar received a boost overnight with the release of stronger than expected second-quarter growth data. And, even if the U.S. economy heads towards recession that may…
A drift towards US recession doesn;t have to mean weaker USD – MacQuarie
Investing.com – The U.S. dollar received a boost overnight with the release of stronger than expected second-quarter growth data. And, even if the U.S. economy heads towards recession that may…
