April 2023 – Page 13 – UAG Trade Asia

OPEC Cuts Risk Oil Supply Deficit, Threaten Economic Recovery IEA

April 24, 2023
Oil
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LONDON, April 14 Reuters Output cuts announced by OPEC producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery, the International Energy Agency IEA said on Friday. OPEC and the IEA have jousted in recent months over their outlooks for global oil […]

Euro Stoxx 50, UK FTSE 100: What Are Breadth Indicators Telling Us About the Trend?

Improving market breadth points to further gains in the Euro Stoxx 50 and the UK FTSE 100 index in the coming weeks/months.

April 24, 2023
Finance
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BENGALURU, April 21 Reuters Foreign portfolio investors FPIs started the new financial year buying Indian equities, according to National Securities Depository Ltd NSDL data. FPIs purchased shares worth 87.67 billion Indian rupees 1.07 billion on a net basis in the first half of April. They had been net buyers in the previous month too, but that […]

April 24, 2023
Uncategorized
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BEIJING, April 21 Reuters China39;s overall exports to North Korea in March rose sharply compared with the same month last year for the second month in a row, with the major export items including rice, Chinese customs data showed on Friday. Chinese outbound shipments to the isolated country surged 141.7 yearonyear last month following a […]

April 24, 2023
Uncategorized
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April 21 Reuters The euro zone economic recovery has unexpectedly gathered pace this month as the bloc39;s dominant services industry saw already buoyant demand rise, more than offsetting a deepening downturn in manufacturing, surveys showed. HCOB39;s flash Composite Purchasing Managers39; Index PMI, compiled by SP Global and seen as a good gauge of overall economic […]

April 24, 2023
Uncategorized
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March core CPI rises 3.1 yryr, matches forecast Corecore CPI up 3.8 yryr, hits highest since December 1981 Corecore CPI accelerates pace of gain for 10th straight month BOJ meets April 2728 for new governor Ueda39;s first rate review TOKYO, April 21 Reuters Japan39;s consumer inflation held steady above the central bank39;s target in March […]

Gold Ahead of US PCE: Is XAU/USD Ripe for a Break Below Key Support?

Developments on the technical charts of gold recently indicate that the bar for a sustained rise is getting higher as US inflation remains stubbornly high just as the economy displays signs of resilience.

Natural Gas Price Weekly Technical Outlook: Doji Sees Upside Follow-Through, Where to?

Natural gas prices climbed for a second consecutive week. Upside follow-through after a Doji emerged earlier this month is in focus for the week ahead. What are key levels to watch?

April 23, 2023
Business
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April 21 Reuters Glencore on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual guidance. The miner and trader, which is pursuing a takeover bid for Canada39;s Teck Resources, left overall 2023 guidance for copper unchanged at 1.04 million tonnes, […]

April 22, 2023
Forecast
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The precious metal turned sharply lower at the end of the week as impressive US PMI data lifted the downtrodden dollar. US GDP data next week likely to provide direction

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OPEC Cuts Risk Oil Supply Deficit, Threaten Economic Recovery IEA

Euro Stoxx 50, UK FTSE 100: What Are Breadth Indicators Telling Us About the Trend?

FPIs Begin new Financial Year Buying Indian Equities on Cheaper Valuations

Chinas Exports to North Korea Rise Sharply in March

Euro Zone Recovery Unexpectedly Gathering Pace in April

Japans Broadening Inflationary Pressures Test BOJs Dovish Stance

Gold Ahead of US PCE: Is XAU/USD Ripe for a Break Below Key Support?

Natural Gas Price Weekly Technical Outlook: Doji Sees Upside Follow-Through, Where to?

Glencore Copper Output Dips, Expects Strong Trading Profit

Gold Price Forecast: XAU/USD Attempts Hints at Breakdown Ahead of US GDP

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