Eurozone heading into recession, sell EUR/USD – BCA
Investing.com – The euro is having a relatively good July when measured against the U.S. dollar, but BCA Research sees tough times ahead for the eurozone, and advises investors to…
Dollar climbs while yen steady ahead of key central bank decisions
By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) -The dollar ticked higher on Monday as traders looked ahead to policy decisions by the Federal Reserve and Bank of Japan on…
‘Oil’s Bermuda triangle is nearing an end’: Get ready for a breakout- BofA
Investing.com — Bank of America (BofA), in a note dated July 28, has issued a stark warning that the oil market is on the precipice of a dramatic breakout. After over…
Oil prices fall despite raised Israel-Hezbollah tensions
Investing.com– Oil prices slipped lower Monday, with raised geopolitical tensions in the Middle East insufficient to overturn concerns of weakening global demand. At 07:55 ET (11:55 GMT), Brent Oil Futures fell…
$9,000/mt is an attractive medium-term entry point for Copper: UBS
Investing.com — Copper Copper Futures prices recently took a tumble, falling below $9,000/mt for the first time since April. This was driven by a combination of factors, including rising inventories, disappointing…
UBS: Investors should stay long silver, further pullbacks should be short-lived
Investing.com — UBS Global Research, in a note dated July 26, has maintained its positive stance on silver Silver Futures despite the recent sharp price decline, attributing the volatility to a combination…
BoJ Brews Rate Hike to Support Yen. Forecast as of 29.07.2024
A recent survey of Bloomberg experts revealed that only 30% anticipate a rate increase from the Bank of Japan in July. Most respondents expected a modest reduction in quantitative easing…
Oil prices stabilise after Golan Heights attack
By Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the…
Yen holds steady ahead of BOJ and Fed policy decisions
By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) – The yen held steady on Monday, with sentiment still fragile following the Japanese currency’s best weekly rally since late April on…
Ethiopia’s birr drops 30% as central bank floats currency
By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopia’s central bank on Monday removed restrictions on the foreign currency market, it said, a crucial step towards securing funding from the International Monetary…
