UBS revises NZD/USD forecast, expects RBNZ rate cut in August
UBS updated its forecast for the New Zealand dollar (NZD), anticipating underperformance against its G10 counterparts, including the US dollar. This revision follows a previous warning issued on May 30…
Oil prices rise as crude, gasoline inventories ease
By Arathy Somasekhar (Reuters) -Oil prices gained on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent futures rose…
Gold prices advance, rate cuts in focus as CPI data looms
Investing.com– Gold prices rose in Asian trade on Thursday, benefiting from weakness in the dollar and Treasury yields as speculation over U.S. interest rate cuts grew ahead of key inflation…
Asia FX rises as dollar loses ground before CPI report
Investing.com– Most Asian currencies rose on Thursday as the dollar lost ground after comments from Federal Reserve Chair Jerome Powell sparked more optimism over interest rate cuts, putting upcoming inflation…
Oil prices rise as dollar dips ahead of CPI data; US inventories shrink
Investing.com– Oil prices rose in Asian trade on Thursday, extending recent gains as weakness in the dollar ahead of key U.S. inflation data benefited price, while bets on tighter global…
Oil prices tick up as crude, gasoline inventories ease
By Arathy Somasekhar (Reuters) – Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent…
Gold prices seen surging to $2,470 amid rate cuts, c.bank buying- TD
Investing.com– Gold prices are expected to advance in the coming weeks, TD Securities said in a note, with steady central bank buying and more clarity on U.S. interest rate cuts…
London leads Europe on new FDI while much of UK sees drop, survey shows
LONDON (Reuters) – London overtook Paris last year as Europe’s top region for new foreign direct investment but many other UK areas saw FDI fall, according to data that underscores…
XAU/USD forecast 2024: Analysts bullish on gold prices amid global uncertainties
As we step into the second half of 2024, analystsβ forecast for XAU/USD has remained increasingly optimistic, with many predicting that gold prices could reach new record-highs by mid-2025, driven…
US needs stronger defenses against China’s overcapacity, Treasury official says
By David Lawder WASHINGTON (Reuters) – The U.S. may need to take further and “more creative” actions beyond tariffs to protect U.S. industries and workers against China’s growing excess industrial…
