May 2023 – Page 17 – UAG Trade Asia

Crude Oil Outlook Dims on Debt Limit & Recession Risks, Double-Top Pattern Eyed

May 21, 2023
Forecast
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Crude oil prices may head lower in the near term, dragged down by recession risks and the U.S. debt ceiling impasse, with a double top pattern reinforcing bearish signals.

May 20, 2023
Forecast
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The Japanese Yen extended its losing streak against its major counterparts, largely driven by external factors as Treasury yields climbed. Will USD/JPY continue its push higher?

May 20, 2023
Forecast
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The outlook has improved for gold after debt ceiling talks stall, Yellen warns of further potential bank mergers and Powell talks down rate hikes due to slowing credit

May 19, 2023
Uncategorized
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Indian dealers offer 5oz discounts vs 11 last week India39;s April gold imports plunge to 3month low Singapore premiums range between 0.50 to 2 an ounce May 19 Reuters A pullback in domestic prices for physical gold from record highs lured back some buyers in India this week and prompted dealers to slash discounts to […]

May 19, 2023
Uncategorized
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April core CPI up 3.4 yryr, matching forecast Index excluding fresh food, fuel up 4.1 yryr govt Corecore index rises at fastest annual pace since Sept 1981 Broadening price hikes may keep inflation above BOJ39;s goal TOKYO, May 19 Reuters Japan39;s core consumer inflation stayed well above the central bank39;s 2 target in April and […]

May 19, 2023
Business
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TOKYO, May 19 Reuters Japanese automotive supplier Hitachi Astemo said on Friday it found misconduct over testing and other procedures for components had lasted as long as four decades, affecting a much wider range of plants and customers than previously disclosed. The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged safety […]

May 19, 2023
Business
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May 19 Reuters Shares of Foot Locker Inc plunged 26 on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories. The company also missed Wall Street estimates for its firstquarter results and named former Kohl39;s […]

May 19, 2023
Business
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CHICAGO, May 19 Reuters American Airlines pilots have agreed in principle on a new contract, their union said on Friday, ahead of a busy summer travel season after years of negotiations with the largest U.S. carrier. The Allied Pilots Association APA, which represents over 13,000 pilots at Texasbased American, said it will move forward with completing […]

May 19, 2023
Finance
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LONDON, May 19 Reuters The pound was heading for its second straight weekly fall against the dollar on Friday, weighed down by a resurgent dollar and weakness in the British economy. Sterling was up 0.15 to 1.243 on Friday. It was set for a weekly loss of 0.17, however, after falling 1.45 the previous week. […]

May 19, 2023
Finance
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May 19 Reuters Global equity funds suffered outflows for a fifth straight week in the week to May 17, undermined by uncertainties over U.S. debt ceiling and concerns about global economy, with soft economic data coming out of the U.S. and China. According to Refinitiv Lipper data, global equity funds faced 8.72 billion worth of outflows in the week to […]

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Crude Oil Outlook Dims on Debt Limit & Recession Risks, Double-Top Pattern Eyed

Japanese Yen Weekly Outlook: USD/JPY Triangle Breakout, Key US Data in Focus

Gold Weekly Forecast: Flight to Safety May Prompt Bullish Continuation

Asia Gold Indian Dealers Trim Discounts as Price Dip Reignites some Buying

Japans Inflation Stays above BOJs Target, Key Gauge Hits FourDecade High

Hitachi Astemo Flags Lapses in Quality Tests over Decades

Foot Locker Slumps as Weak Demand, Heavy Discounts Drive Annual Forecast Cut

American Airlines Pilots Reach Agreement on new Contract

Sterling Heads for Second Weekly Loss as Dollar Surges

Global Equity Funds Post Outflows for Fifth Week in a Row

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