February 2024 – Page 29 – UAG Trade Asia

China seen Cutting Mortgage Reference Rate for 1st Time since June

February 19, 2024
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SHANGHAISINGAPORE, Feb 19 Reuters China is widely expected to trim its benchmark mortgage reference rate at a monthly fixing on Tuesday, as banks39; improving net interest margins give authorities some leeway to use monetary stimulus to shore up faltering economy growth. The loan prime rate LPR normally charged to banks39; best clients is calculated each […]

February 19, 2024
Oil
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SINGAPORE, Feb 19 Reuters Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world39;s biggest oil user, stoked worries that sticky inflation and higher interest rates would limit fuel consumption growth. Brent crude futures were down 55 cents, or 0.7, at 82.92 a […]

February 19, 2024
Finance
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Previous Trading Days Events 16 Feb 2024 According to the PPI data releases on Friday, the U.S. producer prices increased more than expected in January amid strong gains in the costs of services, spreading fear that inflation is picking up after all these months of cooling. The increase was the largest in five months. The […]

February 19, 2024
Finance
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SINGAPORE, Feb 19 Reuters The dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycle, while the yen remained languished near the psychologically key 150 per dollar level. U.S. markets are closed for the Presidents39; Day holiday, with volumes […]

February 19, 2024
Finance
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BENGALURU, Feb 19 Reuters India39;s main index, Nifty 50, recovered from a volatile start on Monday, hitting a record high, led by financials and energy stocks, with a resurgence in ITC following a recent drop. The benchmark has scaled new highs for the sixth time in 2024. The NSE Nifty 50 index rose up to 0.50 […]

February 19, 2024
Finance
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Feb 19 Reuters Most major stock markets in the Gulf fell in early trading on Monday after data showed U.S. producer prices increased more than expected in January, adding to concerns over inflation and dampening hopes for early rate cuts by the Federal Reserve. U.S. producer prices increased more than expected in January amid strong gains in […]

February 19, 2024
Finance
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AstraZeneca up as lung cancer drug combo wins US approval Currys soars on takeover interest from JD.com and Elliot FTSE 100, FTSE 250 flat Feb 19 Reuters British equities started the week on a sombre note as fading hopes of interest rate cuts by global central banks weighed on sentiment, although gains in AstraZeneca on […]

February 19, 2024
Finance
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Rheinmetall up on joint ammo factory in Ukraine Juventus slips as H1 financial loss widens UK39;s Currys soars after China39;s JD.com joins takeover battle Forvia up on plans to cut 13 of Europe staff by 2028 STOXX 600 off 0.1 Feb 19 Reuters European stocks slipped on Monday, with French stocks taking a hit after […]

February 19, 2024
Trading Strategies
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Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.

February 19, 2024
Trading Strategies
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Outlook on FTSE 100, DAX 40 and Nikkei 225 as earnings season is coming to an end and US markets are shut for President’s Day.

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China seen Cutting Mortgage Reference Rate for 1st Time since June

Oil Drops as Sticky US Inflation Heightens Demand Concerns

U.K. Retail Sales Rebound to Upside, U.S. PPIs Rose more than Expected, Commodities to Upside, U.S. Indices Dropped

USD Stands Firm, Sticky US Inflation Dents Rate Cut Expectations

Indias Nifty 50 Hits new Record High, Financials Lead

Major Gulf Markets Fall on Rate Cut Prospects

UK Shares Muted on Receding Rate Cut Bets; AstraZeneca Gains

French Stocks Lead Europes STOXX 600 Lower on Growth Forecast Downgrade

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Feb 12, 2024 09:00 GMT when NZD/USD traded near 0.61.

FTSE 100 Probes Resistance while DAX and Nikkei Consolidate below Last Week’s Highs

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