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…
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…
Dollar backed ahead of Fed meeting; sterling retreats
Investing.com – The U.S. dollar edged higher in early European trade Monday, helped by a safe-haven bid as tensions rise in the Middle East, while sterling retreats ahead of this…
Ethiopia adopts market-based FX system, birr currency slides
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…
