Share: Pound Sterling faces an intense sell-off due to risk-off impulse and weak manufacturing activity data. Persistent US inflation dampens the market mood. The BoE is expected to keep interest rates unchanged for the second time in a row. The … [Continue reading]
European Monetary Union Industrial Production s.a. (MoM) came in at 0.6%, above forecasts (0.1%) in August
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
WTI struggles for a firm intraday direction, consolidates in a range around mid-$82.00s
Share: WTI draws support from concerns about tightening global supply, though the upside remains capped. Investors seem worried that rising interest rates will hamper economic activity and dent fuel demand. Receding fears over potential supply … [Continue reading]
Singapore Gross Domestic Product (QoQ) came in at 1%, above expectations (0.5%) in 3Q
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Argentina Consumer Price Index (MoM) climbed from previous 12.3% to 12.7% in September
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United States EIA Natural Gas Storage Change registered at 84B, below expectations (88B) in October 6
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
WTI Price Analysis: Finds bids below $82 as Saudi to continue with voluntary oil cuts
Share: The oil price discovers buying interest as Saudi Arabia will continue with voluntary cuts despite deepening Middle East tensions. Risks of a tight oil market persist as an intervention from Iran in the conflict would be followed by sanctions … [Continue reading]
EUR/USD Price Analysis: Eyes descending trend-channel breakout ahead of US CPI
Share: EUR/USD steadily climbs back to over a two-week high touched on Wednesday amid a softer USD. Expectations that the Fed is nearing the end of its rate-hiking cycle continue to undermine the buck. Bulls now seem reluctant and keenly await the … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1776 vs. 7.1779 previous
Share: The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1776 as compared to the previous day's fix of 7.1779 and 7.2932 Reuters estimate. Source … [Continue reading]
Sam Bankman-Fried conspired to keep Bitcoin price under $20,000, day six revelations from Caroline Ellison
Share: Ex-Alameda Research CEO revealed that Sam Bankman-Fried conspired to keep Bitcoin price below $20,000 by selling customer BTC. SBF also directed the hedge fund to dump BTC acquired from FTX customer funds to stabilize prices. Ellison also … [Continue reading]