May 2023 – UAG Trade Asia

Economic Fears to Cap Oil Prices below 90 through 2023, Reuters Poll shows

May 31, 2023
Oil
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Brent seen averaging 84.73bbl this year, WTI to average 79.20bbl Macroeconomic risks overshadow tight fundamentals analyst OPEC output cut threat remains with oil below 80bbl analyst For a table of crude price forecasts, click May 31 Reuters Oil prices will creep up from current levels as major producer group OPEC maintains restrictions on supplies, but […]

May 31, 2023
Finance
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LONDON, May 31 Reuters Sterling hit a 512 month high against the euro on Wednesday after data showing lower inflation in major European markets, but fell against the dollar as investors eyed Bank of England rate expectations for the pound39;s direction. The euro dropped to as low as 86.27 pence, its weakest since Dec. 15, […]

May 31, 2023
Finance
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LONDONTOKYO, May 31 Reuters The U.S. dollar rose strongly on Wednesday to a more than twomonth high after data showed European inflation is cooling quicker than expected and China39;s recovery is sputtering. The euro fell to 1.066 earlier in the session, the lowest since March 20. It was last down 0.54 at 1.068. That helped […]

May 31, 2023
Finance
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MUMBAI, May 31 Reuters The Indian rupee on Wednesday was unmoved by the U.S. dollar39;s Chinese yuanfuelled strength, helped by the possible dollar inflows and an important support level. The rupee was at 82.64 against the U.S. dollar by 1052 a.m. IST, compared to 82.71 on Tuesday. This is despite a further decline in the […]

May 31, 2023
Finance
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Key industry stakeholders believe the SEC’s four market-structure proposals lack consideration for how each will overlap and affect the others.

EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 11 when EUR/GBP traded near 0.87.

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

May 31, 2023
Business
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LONDON, May 31 Reuters Markets participants have a month to stop using Libor, the tarnished interest rate banks were fined for trying to rig, Britain39;s Financial Conduct Authority FCA said on Wednesday. The London Interbank Offered Rate Libor reflected the cost of lending between banks, using quotes from panels of banks in 35 variants across […]

May 31, 2023
Business
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SYDNEY, May 31 Reuters The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers PwC Australia until a scandal over the firm39;s misuse of confidential government tax plans is sorted out, the central bank39;s governor said on Wednesday. The big four firm is on the defense after a former Australian tax partner […]

May 31, 2023
Business
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Rosneft39;s Q1 profit at 323 bln rbls vs forecast of 236 bln rbls Sechin Russia39;s oil output cuts to hit Rosneft39;s production Rosneft39;s share outperforming wider Russian stock market MOSCOW, May 31 Reuters Firstquarter net profit of Russia39;s largest oil producer Rosneft rose by 45.5 from the previous three months to 323 billion roubles 4 billion […]

May 31, 2023
Oil
No Comments

LONDON, May 31 Reuters Oil prices fell by over 2 on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down 1.75, or 2.37, to 71.96 a barrel at 1151 GMT. U.S. West Texas Intermediate crude WTI fell 1.90, […]

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Economic Fears to Cap Oil Prices below 90 through 2023, Reuters Poll shows

Sterling Firmest vs Euro Since December on Signs European Inflation Cooling

USD Hits Highest since MidMarch as European Inflation Cools

Rupee Shrugs Off Dollars Strength Thanks to Key Support

Letter wars: SEC’s proposed changes get thousands of pros, cons

EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 11 when EUR/GBP traded near 0.87.

UK Regulator Makes Final Call to Switch off Libor

Australias Central Bank Shuns PwC after Tax Plan Leaks

Rosnefts Q1 net Profit Up 45.5 QQ to 4 Billion

Oil Falls on Weak China Data, Stronger U.S. Dollar

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