Loonie Faces Double Whammy. Forecast as of 24.07.2024
The growing prospect of Donald Trump’s victory in the US presidential election has triggered a wave of sell-offs in commodity currencies. Protectionist policies will hurt China. Meanwhile, the Bank of…
Morning bid: High earnings bar, Harris polling bump
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St has suddenly become a tough crowd to please. Much like last week’s cool market…
US refiners’ Q2 profits fall on low margins, soft fuel demand
By Nicole Jao NEW YORK (Reuters) – U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that…
USD to PHP Forecast for 2024, 2025-2026 and Beyond
As the global economy marches into 2024, the interplay between the United States Dollar (USD) and the Philippine Peso (PHP) remains a keen interest for investors and traders. This article…
Economic calendar for the week 29.07.2024 – 04.08.2024
The dollar appears to be ending the first month of the 2nd half of the year and the 3rd quarter with losses, despite the attempts of buyers to revive its…
Oil prices hover near lowest in six weeks
By Paul Carsten LONDON (Reuters) – Oil prices traded around their lowest level in six weeks on Wednesday, as the northern hemisphere gets deeper into summer with limited signs of…
Dollar edges higher, euro slips after weak PMI data
Investing.com – The U.S. dollar edged higher Wednesday, while the euro fell after the release of disappointing eurozone activity data pointed to further ECB rate cuts ahead. At 05:25 ET…
Bulls and Bears Power Indicators: Enhance Your Trading Strategy
Bulls Power and Bears Power are oscillator-type indicators that show the strength of buyers and sellers on different time frames. They confirm signals received from trend indicators. The indicators take…
Commodity currencies bear brunt of yen bounceback
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the…
Russia considering ban on diesel exports, Kommersant reports
MOSCOW (Reuters) – The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday, citing several unnamed sources. Russia…
