April 2023 – Page 41 – UAG Trade Asia

Dollar Trims Gains as Markets Weigh Iimpact of OPEC Cuts

April 4, 2023
Finance
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LONDON, April 3 Reuters The dollar trimmed its initial gains against major pairs in the course of Monday as investors focus on diverging central bank policy, with the impact of oil production cuts complicating the inflation outlook. An announcement on Sunday of output target cuts by the Organization of the Petroleum Exporting Countries OPEC and its allies, […]

Gold Jumps After ISM Data; Can it Rise Above the Key $2000 Level?

Gold is once again flirting with the psychological 2000-mark following dismal US factory data. What are the chances for it to rise above the key resistance?

Dow Jones, S&P 500 Outlook: Retail Traders Boost Downside Exposure on Wall Street

Retail traders continue increasing downside exposure on Wall Street, opening the door to further gains for the Dow Jones and S&P 500. But, key technical obstacles remain ahead.

April 4, 2023
Uncategorized
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LONDON, April 3 Reuters Activity at struggling factories across the euro zone fell further last month as consumers feeling the pinch from rising living costs cut back, according to a survey which did show the cost of manufacturing fell for the first time since mid2020. SP Global39;s final manufacturing Purchasing Managers39; Index PMI fell to […]

April 4, 2023
Uncategorized
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MUMBAI, April 3 Reuters Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees 364 a month buying necessities like groceries, clothes and gadgets, all by tapping a few buttons on his mobile phone. My only offline spends are bars and restaurants, when I go to […]

US Dollar Slide Fast Approaching Pivotal Support Zone After ISM Manufacturing Miss

The US Dollar continued its slide, with disappointing ISM Manufacturing amplifying its selloff. This means the DXY Dollar Index is quickly approaching a pivotal area of support.

April 3, 2023
Oil
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OPEC cuts output by about 1.16 million bpd Oil posts biggest daily rise in nearly a year Producer group acted after oil hit 70 a barrel Goldman Sachs raises Brent price forecast to 95 for 2023 LONDON, April 3 Reuters Oil prices surged on Monday, posting their biggest daily rise in nearly a year, after […]

April 3, 2023
Oil
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Brent jumps 5 as OPEC announces supply cuts Nikkei edges up, but U.S. stock futures slip Dollar gains, markets see more chance of May Fed hike SYDNEYLONDON, April 3 Reuters Oil prices surged on Monday after Saudi Arabia and other OPEC producers announced a surprise cut in their output target, a move that rippled through […]

April 3, 2023
Politics
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Move reflects uncertain global outlook, weaker GDP growth Vietnam cut several policy rates on March 14 SBV prioritizing controlling inflation Slump in overseas orders impacting manufacturers HANOI, March 31 Reuters Vietnam39;s central bank said on Friday it will cut its refinance rate by 50 basis points effective April 3, bucking the regional trend as it […]

April 3, 2023
Finance
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LONDON, April 3 Sterling ticked higher against the dollar on Monday, with market moves largely driven by news of a surprise announcement from OPEC of more production cuts which sent the price of oil and the dollar sharply higher earlier in the session. By 1030 GMT the pound was up 0.18 against the dollar which trimmed gains, […]

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Dollar Trims Gains as Markets Weigh Iimpact of OPEC Cuts

Gold Jumps After ISM Data; Can it Rise Above the Key $2000 Level?

Dow Jones, S&P 500 Outlook: Retail Traders Boost Downside Exposure on Wall Street

Euro Zone Factory Downturn Deepened in March, PMI Shows

From Fast Food to Autos, Indias Digitally Connected Users Lure Investors

US Dollar Slide Fast Approaching Pivotal Support Zone After ISM Manufacturing Miss

Oil Surges, OPEC Surprise Output Target Cuts Shake Markets

Oil Prices Surge, Fed Rate Path in Question again

Vietnam CB Cuts Refinance Rate by 50 bps to Support Growth

GBP Ticks Higher Against USD as Focus Stays on Rate Outlook

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