Yen jumps on possible intervention, sterling hits one-year high
By Rae Wee and Dhara Ranasinghe SINGAPORE/LONDON (Reuters) – The yen rose sharply on Wednesday in what traders suspected was likely the result of another intervention from Japanese authorities to…
Oil prices gain 1% on big US storage withdrawal, weaker US dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs…
Nigeria’s president asks lawmakers for extra $4 billion funding
ABUJA (Reuters) – Nigeria’s President Bola Tinubu has asked the Senate for an extra 6.2 trillion naira ($4 billion) in funding to plug shortfalls in this year’s national budget, according…
Economic calendar for the week 22.07.2024 – 28.07.2024
Market participants are ignoring statements by the Fed leaders to the effect that they need to wait for more convincing signals about inflation going down to the target range of…
Oil prices rise after US inventory draw soothes demand fears
Investing.com– Oil prices rose Wednesday, rebounded from recent lows as signs of tighter U.S. supplies helped soothe some fears over worsening demand in the rest of the globe. At 09:25…
Oil prices steady amid falling US inventories, weak dollar
By Arunima Kumar BENGALURU (Reuters) – Oil prices rose on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker…
UBS raises EUR/USD forecast amid US data and Fed rate cut prospects
UBS revised its forecast for the EUR/USD exchange rate, citing a lack of strength in the US dollar despite expectations that certain political events would bolster it. Contrary to these…
China’s industrial support programmes lack transparency, WTO says
By Emma Farge GENEVA (Reuters) – The World Trade Organization said on Wednesday that it was unable to get a clear picture of China’s financial support for key industrial sectors,…
Sterling needs more than higher UK rates to stay in the fast lane
By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) -The pound hit its highest in a year on Wednesday, driven by investors who are scrambling for juicier returns as global interest…
Prop Trading Firm The Trader Forge Pauses Operations over “Compliance Challenges”
The Trader Forge has announced a temporary pause in all operations due to unforeseen circumstances. This decision affects all aspects of the business and comes as a disappointment to clients…
