Gold prices have continued to stabilize following a string of losses from May until early July. Retail traders continue to slowly increase downside exposure. Is this bullish for XAU/USD?
July 31 Reuters It39;s a high bar, but companies reporting secondquarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. SP 500 companies that led in discussion of AI during quarterly conference calls with analysts earlier this year have outdone themselves in their latest quarterly calls. Following Intel39;s report late […]
BEIJING, July 31 Reuters China, Niger39;s secondlargest foreign investor after former colonial power France, has in the past two decades ploughed billions of dollars into the landlocked West African nation, mainly for the exploration of oil and uranium. Since last week39;s coup, in which military leaders detained Niger39;s President Mohamed Bazoum and established a military […]
LONDON, July 31 Reuters Britain39;s antitrust regulator on Monday called for public responses on whether Microsoft39;s 69 billion takeover of Activision Blizzard, maker of video game Call of Duty, should be cleared ahead of a final decision by Aug. 29. Microsoft says the deal, which the Competition and Markets Authority CMA blocked in April, should […]
LONDON, July 31 Reuters The world39;s largest stablecoin, Tether, said on Monday its assets rose 5.7 to 86.5 billion in the second quarter of 2023, while it made more than 1 billion operational profit, a 30 increase on the previous quarter. Stablecoins are a type of cryptocurrency which aim to keep a constant value and […]
LONDON, July 31 Reuters The British pound was heading for a second straight monthly gain and fourth positive month in five in July as stubborn inflation readings and robust growth data reinforced expectations that the Bank of England has more to do to bring inflation lower. Britain39;s central bank is likely to raise its key […]
JOHANNESBURG, July 31 Reuters The South African rand edged higher in early trade on Monday after a strong July performance, ahead of monthly trade data that could provide some clues on the health of the economy. At 0615 GMT, the rand traded at 17.5800 against the dollar , up 0.11 from its previous close on […]
Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Apr 13 when Oil – US Crude traded near 82.46.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias.
Saudi Arabia expected to extend oil cuts into Sept analysts Exxon CEO sees record oil demand this year and next July 31 Reuters Oil prices edged lower on Monday, but were hovering near threemonth highs and were set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia would […]
BRUSSELS, July 31 Reuters The euro zone returned to growth in the second quarter of 2023, with a greater than expected expansion after narrowly avoiding a technical recession around the turn of the year, preliminary data showed on Monday. Gross domestic product in the euro zone expanded by 0.3 in the second quarter, above expectations […]