Asian foreign reserves decline in 2024 first half
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Asia’s foreign reserves have dropped this year as central banks have intervened to support their currencies, with Japan, Indonesia and South Korea…
WTI Crude Oil: Elliott wave analysis and forecast for 19.07.24 – 26.07.24
The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 84.80 with a target of 72.30 – 67.60. A…
Exclusive-ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
By Yantoultra Ngui and Florence Tan SINGAPORE (Reuters) – Exxon Mobil Corp (NYSE:XOM) has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the…
China lithium rebounds on Chile earthquake, but demand concerns persist
BEIJING (Reuters) – China’s lithium prices rebounded on Friday after a powerful earthquake hit Chile’s major lithium producing region, although growing demand concerns weighed on the metal used in electric…
USDJPY: Elliott wave analysis and forecast for 19.07.24 – 26.07.24
The article covers the following subjects: Highlights and key points Main scenario: consider long positions above the level of 151.85 with a target of 165.00 – 170.00 once a correction…
GBPUSD: Elliott wave analysis and forecast for 19.07.24 – 26.07.24
The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2610 with a target of 1.3250 – 1.3740. A…
China’s Sinopec reports first-half crude throughput up only 0.1%
SINGAPORE (Reuters) – China Petroleum (OTC:SNPTY) and Chemical Corp (Sinopec (OTC:SHIIY)), Asia’s largest refiner, on Friday reported first-half crude throughput little changed year on year. The state refining giant processed…
Ukraine’s Zelenskiy attends UK cabinet, renews calls on long-range missiles
LONDON (Reuters) – Ukrainian President Volodymyr Zelenskiy addressed British government ministers on Friday, a rare appearance by a foreign leader at a cabinet meeting that new Prime Minister Keir Starmer…
Morning Bid: Volatility resurfaces, tech outage rankles
A look at the day ahead in U.S. and global markets from Mike Dolan Volatility is resurfacing as a turbulent week for world markets and politics was met on Friday…
First to hike, last to cut? BoE caution cossets pound: Mike Dolan
By Mike Dolan LONDON (Reuters) -First to hike, first to hit its inflation target – and the last to cut? It may be unwise to read too much into volatile…
