August 2023 – Page 39 – UAG Trade Asia

S&P 500 Below 50-day MA, VIX up 11% as Market Caution Persists: S&P 500, NZD/USD, GBP/USD

The pull-ahead in US retail sales validates soft landing hopes but also leaves room for rates to be kept high for longer, with market sentiments seemingly placing their focus on the latter.

Japanese Yen Losing Streak Showing Signs of Exhaustion, Will USD/JPY Cave?

The Japanese Yen continues to weaken against the US Dollar. Now, USD/JPY is facing increasing signs of fading momentum. But, will a reversal be enough to overturn the broader bullish bias?

August 15, 2023
Business
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COLOMBO, Aug 15 Reuters Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka39;s power minister said on Tuesday. Sinopec39;s entry into Sri Lanka will help reduce pressure on Sri Lanka39;s […]

August 15, 2023
Business
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Aug 15 Reuters Technology firm Sea Ltd signaled on Tuesday it will boost investments in its core ecommerce business which may lead to losses in some quarters, pivoting its strategy after months of cost cuts and weak performance in the second quarter. U.S.listed shares of the company were down over 21 in early trading. Southeast Asia39;s […]

August 15, 2023
Business
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LONDON, Aug 15 Reuters British life insurer and asset manager Legal General recorded a 10 drop in assets under management in the year to end June, it said on Tuesday, overshadowing a firsthalf operating profit beat and sending its shares lower. High inflation and interest rates have hit asset values and investor demand, with fund managers […]

August 15, 2023
Business
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Russian central bank hikes rates by 350 bp to 12 Bank holds extraordinary meeting after Kremlin rebuke Rouble had plunged past 100 vs dollar on Monday Bank says it could hike again if inflation builds MOSCOW, Aug 15 Reuters Russia39;s central bank hiked its key interest rate by 350 basis points to 12 on Tuesday, […]

August 15, 2023
Finance
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BEIJINGHONG KONG, Aug 15 Reuters China Evergrande New Energy Vehicle Group NEV shares jumped nearly 50 on Tuesday after the electric vehicle unit of cashstrapped property firm China Evergrande Group announced a 3.2 billion plan to reduce debt and stay afloat. The plan unveiled late on Monday includes a new share sale worth nearly 500 million to Dubaibased mobility […]

Gold Price Forecast: XAU/USD Remains at Risk Amid Bullish Retail Traders

Gold prices are aiming for the worst month since February as retail traders become increasingly net-long. A confirmatory trendline breakout is further leaving XAU/USD at risk.

August 15, 2023
Uncategorized
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NEW DELHI, Aug 14 Reuters India39;s wholesale price index fell 1.36 yearonyear in July, but the decline was smaller than expected because of higher prices for food and some commodities. Economists polled by Reuters had estimated the wholesale price index for July would fall 2.70. It fell 4.12 in June. In July, fuel and power […]

August 15, 2023
Uncategorized
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WPI 0.8 qq, flat for 3rd straight quarter WPI 3.6 yy, easing from decade high SYDNEY, Aug 15 Reuters Australian wage growth held steady in the June quarter while the pace of annual pay awards unexpectedly slowed, raising hopes that inflationary pressures are weakening and building the case against further increases in interest rates. Coupled […]

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S&P 500 Below 50-day MA, VIX up 11% as Market Caution Persists: S&P 500, NZD/USD, GBP/USD

Japanese Yen Losing Streak Showing Signs of Exhaustion, Will USD/JPY Cave?

Sri Lanka says Chinas Sinopec to Start Operations Sept. 20

ShopeeOwner Sea Signals Growth over Profits after Weak Q2 Performance

High Interest Rates Hit Legal General Assets, Shares Fall

Russian CB Jacks Up Rates to 12 to Support Battered Rouble

China Evergrande NEV Shares Jump on 3.2B Plan to Lower Debt

Gold Price Forecast: XAU/USD Remains at Risk Amid Bullish Retail Traders

Indias July Wholesale Price Index Falls Less than Expected on Food Prices

Australia Q2 Wage Gains Underwhelm, Argue Against Further Hikes

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