Bruised yen mired near multi-decade low with eye on intervention
By Rae Wee SINGAPORE (Reuters) – The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for…
South African rand weakens as focus still on cabinet announcement
JOHANNESBURG (Reuters) – The South African rand was weaker in the early session on Thursday, as traders awaited more details on the composition of President Cyril Ramaphosa’s unity government cabinet,…
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.06.2024
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: Elliott Wave analysis for Bitcoin The…
Global carbon removal market could reach $100 billion/yr from 2030-35, report says
By Susanna Twidale LONDON (Reuters) – The global market for carbon dioxide (CO2) removal credits could reach up to $100 billion a year between 2030 and 2035 from $2.7 billion…
US Dollar Doesn’t Count to Three. Forecast as of 27.06.2024
The political crisis in France is slowing down economies and contributing to capital flight from Europe. Capital is fleeing to North America, causing EURUSD quotes to fall. Let’s discuss this…
LME eyeing Hong Kong as a global warehouse location, says owner HKEX
By Mai Nguyen and Siyi Liu HONG KONG (Reuters) -The London Metal Exchange (LME) is exploring the possibility of listing Hong Kong as an LME warehouse location, the chief executive…
Battered yen mired near multi-decade low as intervention risks loom
By Rae Wee SINGAPORE (Reuters) -The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any…
Haj deaths show challenge of shielding pilgrims from scorching climate
By Pesha Magid RIYADH (Reuters) – Hundreds of the pilgrims who died in fierce heat at this year’s haj were not officially registered with the Saudi authorities, with the result…
In race to regain rare earth glory, Europe falls short on mineral goals
By Eric Onstad LONDON (Reuters) – Four decades ago, a rare earth processing plant on France’s Atlantic coast was one of the largest in the world, churning out materials used…
Gold prices dip below $2,300, copper weak on China woes
Investing.com– Gold prices fell below key levels in Asian trade on Thursday, as traders remained biased towards the dollar and wary of metals before key inflation data that is likely…
