XAU/USD: Citi expects physical gold demand to rebound, maintains $3,000 target
Physical gold demand likely softened in the second quarter compared to the first, although “off a very strong base,” Citi analysts said in a Tuesday note. The Wall Street behemoth…
China and Brazil to try out beef traceability plan
BEIJING (Reuters) – China, the world’s largest beef importer and Brazil, the biggest supplier, will set up a pilot scheme as part of efforts to make beef production more sustainable,…
Exclusive-Bank of Israel waiting for digital euro ahead of digital shekel launch
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel’s payments system and foster innovation, but is…
Oil edges higher on likely US inventory drawdown
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Wednesday on expectations that U.S. crude and gasoline inventories fell last week, but further gains were limited by the restart of…
BofA sees EUR/USD parity as a rare event, ‘unlikely’ to happen
Bank of America analysts noted that while some market observers continue to speculate about the possibility of the EUR/USD exchange rate reaching parity, such an event is considered rare and…
Factbox-How US states are testing cattle and humans for bird flu
By Leah Douglas and P.J. Huffstutter (Reuters) – States in the U.S. are playing a key role in the nation’s response to a growing outbreak of avian flu among dairy…
Morning Bid: Calm markets as China skirts deflation, NZ doves coo
A look at the day ahead in U.S. and global markets from Mike Dolan Even if U.S. inflation remains too irksome for the Federal Reserve to sound the all clear,…
Montana to ask state top court to overturn landmark climate ruling
By Nate Raymond (Reuters) – Montana’s top court is set to hear the state’s appeal of a landmark ruling holding that it was violating the rights of young people to…
Kiwi Plummets on RBNZ’s Dovish Reversal. Forecast as of 10.07.2024
Before the Reserve Bank’s July meeting, the outlook for the New Zealand dollar looked bullish, but the RBNZ’s dovish rhetoric has caused a huge shock in the market. Let’s discuss…
Dollar steady ahead of Powell Mark II; euro looks to French politics
Investing.com – The U.S. dollar stabilized in early European trade Wednesday, remaining near a three-week low, after the first day of Fed Chair Jerome Powell’s two-day testimony on Capitol Hill,…
