OPEC Unlikely to Change Output Policy before June Meeting

LONDONDUBAI, March 26 Reuters OPEC is unlikely to make any oil output policy changes until a full ministerial gathering in June, three OPEC sources told Reuters ahead of next week39;s gathering of ministers that is not expected to make any policy recommendations. The Organization of the Petroleum Exporting Countries and allies led by Russia, known […]
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Oil Steadies as Markets Weigh Russian Supply Woes

NEW YORK, March 26 Reuters Oil prices were little changed on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support. Frontmonth Brent crude futures due to expire on Thursday were 12 cents down at 86.63 a […]
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USD Weakens, Gold Settled at 2170 USDoz, Oil Up and Back to 82 USDb, US Indices Continued with Drop, BTC Rally over 70K USD

Previous Trading Days Events 25.03.2024 Winners vs Losers AUDUSD reaches the top of the winners list with 0.46 followed by AUDJPY. It is clear from the charts that the USD and JPY have recently depreciated against the AUD a lot, reversing the postFOMC effect. News Reports Monitor Previous Trading Day 25 Mar 2024 Server Time […]
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Stocks Edge Up in Jittery Trade, FX Shifts Unsettle Traders

LONDON, March 26 Reuters Global shares edged up on Tuesday, partially shrugging off mixed messages from U.S. policymakers and a wobble in the Chinese yuan that unsettled investors ahead of Friday39;s U.S. inflation data. The risk of Japan intervening to prevent further falls in the yen squeezed the dollar. However, it rose against the yuan […]
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Sterling Edges Up on Dollar, Ever Stable Versus Euro

LONDON, March 26 Reuters The pound strengthened against the dollar on Tuesday and held steady on the euro as markets continued to digest the implications of last week39;s central bank meetings, including the Bank of England39;s. The pound was last up 0.17 against the dollar at 1.2658, extending gains from the previous day and moving […]
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In Indias Sizzling Stock Market, Consumer Stocks Rise 18

MUMBAI, March 26 Reuters The yawning divide between the superrich and middleclass in India39;s booming economy is set to persist, if the underperformance of consumer stocks in the raging stock market is anything to go by. Stock prices of consumer firms selling soap, hair oil and refrigerators are seeing doubledigit gains but are still lagging […]
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Dollar Eases, Yen Finds Floor from Tokyos Jawboning

SINGAPORE, March 26 Reuters The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued their jawboning to defend the currency. Against the greenback, the New Zealand dollar rebounded from a fourmonth low and last rose 0.13 to 0.6011, […]
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UK and Canada Retail Sales Stable, Gold Dives after Jump During FOMC, US Indices Turn to Downside, USD Strength Shakes Markets

Previous Trading Days Events 22.03.2024 This week policymakers decided to keep the benchmark shortterm policy rate steady. After that meeting, Powell said policymakers expect to cut interest rates later this year, but only once they have greater confidence that inflation is under control. Starting in March 2022 the Fed raised interest rates rapidly to fight […]
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