May 2023 – Page 36 – UAG Trade Asia

Crude Oil Maintains the Gains as Markets Await US CPI. Will WTI go Higher?

The crude oil price has stabilised so far on Tuesday after recovering from last week’s rout as soft Chinese data left markets pondering ahead of tomorrow’s US CPI. Where to for WTI?

Australian Dollar Ahead of Budget: AUD/USD, AUD/JPY, EUR/AUD, Price Setups

Tentative signs are emerging on technical charts that the Australian dollar may have found an interim floor. However, AUD would need to do some more work to be out of the woods. What is the outlook for AUD/USD, EUR/AUD, AUD/JPY?

May 8, 2023
Business
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BIRMINGHAM, England, May 5 Reuters HSBC is expected on Friday to defeat a proposal by Hong Kongbased investors, backed by its biggest Asian investor Ping An, which calls for the lender to consider spinning off its Asia business. Investors will vote on the resolutions at the bank39;s annual general meeting on Friday, but Ping An and its […]

May 8, 2023
Business
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May 5 Reuters The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country39;s largest lender DBS Group, following the disruption of its banking services in recent months. The moves follows the widespread unavailability of the bank39;s digital banking services on March 29 and a subsequent […]

May 8, 2023
Business
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May 8 Reuters Chip designer Qualcomm Inc said on Monday it would buy Israel39;s Autotalks Ltd that makes chips used in technology aimed at preventing vehicle crashes, as the U.S. firm looks to deepen its automotive business. With increasing electric vehicles and automatic features in cars, the number of chips used by automakers is surging, making […]

May 8, 2023
Business
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Four hour block on bitcoin withdrawals across Sunday and Monday Pending transactions cleared with higher fees Binance May 7 Reuters Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday and again early on Monday […]

May 8, 2023
Oil
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Oil rallies after three straight weekly declines Goldman Sachs says demand fears 39;overblown39; U.S. inflation data and OPEC report in focus this week SINGAPORE, May 8 Reuters Oil rose almost 3 on Monday as U.S. recession fears eased and some traders took the view that crude39;s recent price slide was overdone with three straight weekly […]

German Industrial Output Slumps, Recession Fears Rise

BERLIN, May 8 Reuters German industrial production fell more than expected in March, partly due to a weak performance by the automotive sector, spurring again recession fears in Europe39;s largest economy. Production decreased by 3.4 on the previous month following a slightly revised increase of 2.1 in February, the federal statistical office said on Monday. […]

Euro Zone Investor Morale Unexpectedly Dips in May

BERLIN, May 8 Reuters Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday. Sentix39;s index for the euro zone fell to 13.1 points for May from 8.7 in April. Analysts polled by Reuters had expected […]

May 8, 2023
Finance
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May 5 Reuters Carvana Co39;s shares soared as much as 55 on Friday after the struggling online usedcar retailer39;s surprise secondquarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak demand over affordability […]

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Crude Oil Maintains the Gains as Markets Await US CPI. Will WTI go Higher?

Australian Dollar Ahead of Budget: AUD/USD, AUD/JPY, EUR/AUD, Price Setups

HSBC Poised to see off Asia Spinoff Threat at Crunch Shareholder Vote

Singapores Central Bank Imposes Additional Capital Requirement on DBS Bank

Qualcomm to Acquire Israeli AutoChip Maker Autotalks

Binance Lifts Block on BTC Withdrawals amid Heavy Volumes

Oil Climbs almost 3 as Recession Fears Begin to Fade

German Industrial Output Slumps, Recession Fears Rise

Euro Zone Investor Morale Unexpectedly Dips in May

Carvana Shares Soar on Upbeat Forecast, Short Squeeze

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