February 2023 – Page 12 – UAG Trade Asia

Indian Rupees Expected Volatility at 7mth Low, Tracking Narrow Spot Range

February 22, 2023
Finance
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MUMBAI, Feb 21 Reuters The Indian rupee39;s expected volatility against the dollar over the next one month hit its lowest level in almost seven months on Tuesday, tracking the currency39;s recent narrow trading range and on expectations of the central bank39;s continued support. The rupee39;s onemonth atthemoney volatility was quoting at 4.504.80, near its lowest […]

February 22, 2023
Finance
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LONDON, Feb 21 Reuters The pound strengthened on Tuesday after data showed an unexpected bounce in British business activity, suggesting the economy could be sidestepping a deep recession. The pound gained 0.4 against the dollar to 1.2088 and also firmed against the euro, with the European common currency dropping 0.72 to 88.17 pence, which would […]

Euro Steadied the Ship Ahead of CPI as Treasury Yields Leap. Lower EUR/USD?

The Euro backed away from recent lows against a US Dollar seeking to reclaim the ascendency with higher Treasury yields underpinning it. Will EUR/USD break the range?

February 22, 2023
Trading Strategies
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Tuesday’s drop below key support has somewhat dented the bullish outlook in US equities. However, the uptrend hasn’t reversed on the daily timeframe yet. What is the outlook for the S&P 500 and the Nasdaq 100 index?

February 22, 2023
Trading Strategies
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Natural gas prices fell the most on Tuesday since January 5th, setting the commodity up for yet another weekly loss towards 2020 lows as a key support level on the daily chart was taken out.

February 21, 2023
Trading Strategies
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Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.

February 21, 2023
Business
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LONDON, Feb 21 Reuters Luxury carmaker Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley artificial intelligence company Nvidia. The hubs in Munich, Bologna and Madrid will develop selfdriving systems for JLR39;s next generation of luxury […]

February 21, 2023
Business
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Feb 21 Reuters Australia39;s graphite developer Magnis Energy on Tuesday said it has signed a binding offtake deal with Tesla Inc to supply battery anode materials for a minimum threeyear term beginning February 2025. The deal comes while automakers race to secure the supply of critical minerals as the world shifts to decarbonise and diversify global supply […]

February 21, 2023
Business
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LONDON, Feb 21 Reuters HSBC HSBA.L said it still expects to complete the sale of its Russia business in firsthalf 2023, in the most significant update on the progress of the deal since it said in July 2022 it had agreed to sell the unit to local lender Expobank. Europe39;s biggest bank has taken a […]

February 21, 2023
Business
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H1 profit misses forecasts Interim dividend beats estimate Positive on demand outlook from China Starts process to sell two Queensland met coal mines Feb 21 Reuters Global miner BHP Group reported a steeperthanexpected 32 fall in firsthalf profit owing to a drop in iron ore prices, sending its shares down, although it flagged a brightening outlook […]

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Indian Rupees Expected Volatility at 7mth Low, Tracking Narrow Spot Range

Sterling Bounces on British Business Activity Data

Euro Steadied the Ship Ahead of CPI as Treasury Yields Leap. Lower EUR/USD?

S&P 500 and Nasdaq 100 Technical Outlook: Is the Uptrend Over?

Natural Gas Prices Extend Losses, Bringing 2020 Lows Even Closer into Focus

US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Jan 20, 2023 when US 500 traded near 3,970.24.

Jaguar Land Rover Opens 3 European SelfDriving Tech Hubs

Australias Magnis in Deal with Tesla to Supply Graphite

HSBC Takes 300 mln Hit on Russia Business Sale

BHP Eyes Demand Green Shoots in China as Profit Slumps

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