August 2022 – Page 4 – UAG Trade Asia

Oil Tumbles on Inflation Woes, Iraq Exports

August 30, 2022
Oil
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LONDON, Aug 30 Reuters Oil prices fell Tuesday on fears that an inflationinduced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes. Brent crude futures for October settlement fell 2.45, or 2.33, to 102.64 a barrel by 1022 GMT, after climbing 4.1 on Monday, the biggest […]

Dow Jones Short-term Technical Outlook: Stock Plunge Searches Support

The Dow Jones plunged more than 7% off the August high with DJI turning negative for the month- support now in view. The levels that matter on the technical charts.

EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since Jun 15 when EUR/GBP traded near 0.86.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.

August 30, 2022
Finance
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BENGALURU, Aug 29 Reuters Indian shares fell on Monday to close at their lowest in a month, weighed down by losses in information technology and banking stocks after U.S. Federal Reserve signalled aggressive rate hikes. Fed Chair Jerome Powell39;s promise of policy pain to contain inflation quashed hopes that the central bank would soften its […]

August 30, 2022
Finance
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SEOUL, Aug 30 Reuters South Korea39;s financial regulator has launched an inspection into short selling of shares by major brokerages and branches of foreign firms as part of efforts to tighten supervision on such trading. The Financial Supervisory Service FSS had begun inspection of shortselling transactions by the Seoul branch of Morgan Stanley Co International […]

August 30, 2022
Finance
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MOSCOW, Aug 30 Reuters The rouble firmed towards 60 against the dollar and euro in early Moscow trade on Tuesday, while higher oil prices helped push Russia39;s benchmark stock index to its highest point in two months. At 0716 GMT, the rouble was 0.3 stronger against the dollar at 60.25 and had gained 0.5 to […]

August 30, 2022
Finance
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TOKYOHONG KONG, Aug 30 Reuters The euro climbed past parity against a softening dollar on Tuesday, ahead of German inflation that will help indicate the likelihood of a supersized European Central Bank rate hike. The European common currency was 0.32 higher at 1.00295, buoyed by the rate bets and extending the previous day39;s rally, albeit […]

August 30, 2022
Finance
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European stocks, U.S. futures climb 1 Bonds steady ahead of German inflation data Markets brace for further hawkish Fed, ECB action HONG KONGLONDON, Aug 30 Reuters Shares crept up slightly and bonds held steady on Tuesday as investors awaited the next round of likely gloomy inflation data while also juggling concerns about Europe39;s energy crisis, […]

Gold Price Forecast: Gold Support Test – Can Bears Break it Down?

Gold prices are falling and price is currently testing a big spot of support. Can gold bears elicit another test of key support at multi-year lows?

August 30, 2022
Business
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ZURICH, Aug 30 Reuters Swiss agrichemicals and seeds group Syngenta generated doubledigit growth in the second quarter ahead of the Chineseowned company39;s planned flotation by year39;s end. Sales increased 24 to 9.2 billion while earnings before interest, tax, depreciation and amortisation EBITDA rose 39 to 1.7 billion, the company said, citing launches of new products […]

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Oil Tumbles on Inflation Woes, Iraq Exports

Dow Jones Short-term Technical Outlook: Stock Plunge Searches Support

EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since Jun 15 when EUR/GBP traded near 0.86.

Indian Shares Close at 1Month Low on Hawkish Fed Stance

S.Korea Inspecting Stock ShortSelling, Starting with Morgan Stanley

Rouble Firms in Early Trade, Russian Stocks Hit 2Month High

ECB Bets Boost Euro, Dollar Loses Ground

Shares Tiptoe Higher amid Hiatus in Bad News

Gold Price Forecast: Gold Support Test – Can Bears Break it Down?

Syngenta Boosts Q2 Results ahead of Planned IPO

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