June 2022 – Page 2 – UAG Trade Asia

Copper Heads for its Biggest Quarterly Plunge since 2011

June 30, 2022
Finance
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LONDON, June 30 Reuters Copper prices fell on Thursday and were down almost 20 in the second quarter, the biggest quarterly fall since 2011, after COVID lockdowns in China and slowing economic growth curtailed demand. Other industrial metals were also headed for their biggest quarterly fall in several years, down between 20 and 40. Many […]

June 30, 2022
Finance
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Rates as of 0500 GMT Market Recap Looking at the second graph above, today seems to be largely a continuation of yesterday most of the currencies fall pretty neatly on the green continuation line. The exceptions are currencies that havent changed that much today. If we exclude CHF and USD, then currencies largely moved in […]

June 30, 2022
Finance
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June 30 Reuters The British pound rose against the dollar and euro on Thursday as investors shrugged off official data revealing a record shortfall in the United Kingdom39;s current account deficit in early 2022. At 0837 GMT the pound was up 0.2 against the dollar at 1.21485 and the British unit also strengthened against a […]

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is pulling back after another strong showing in Q2 and EUR/USD came close to testing a major zone of long-term support.

USD/JPY Technical Analysis: Rising Wedge May Lead to Big Sell-off

USD/JPY is continuing to form a rising wedge formation that could soon lead to an explosive down-side move.

June 30, 2022
Business
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BERLINSEOUL, June 29 Reuters German authorities have raided Hyundai and Kia over allegations that they put over 210,000 diesel vehicles with suspected illegal defeat devices onto the road, the Frankfurt state prosecutor39;s office said on Tuesday. The announcement sent shares of the two South Korean automakers down more than 6 on Wednesday, as investors fear it may […]

June 30, 2022
Business
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ZURICH, June 28 Reuters Novartis said on Tuesday a previously announced restructuring programme could lead to 8,000 jobs being cut, or about 7.4 of its global workforce, including up to 1,400 in Switzerland. The job cuts, previously projected by Chief Executive Vas Narasimhan to be in the single digit thousands, are part of a restructuring programme […]

June 30, 2022
Finance
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The internationalization of the Chinese capital markets will remain a long-term trend despite the current period of upheaval in global capital flows, according to Zhai Chenxi, Executive Vice President of Tianfeng Securities.

Crude Oil Price Slips as ECB Forum Fallout Continues While China Data Beats Forecasts

Crude oil managed to hold ground today after sliding in the previous session as China PMI figures gave the market some good news. Will WTI resume trending up?

Euro Outlook: EUR/USD, EUR/GBP Remain Vulnerable as Retail Traders Hold Long

The Euro remains at risk as retail traders continue to maintain a majority upside bias in the single currency. This may not bode well for EUR/USD and EUR/GBP.

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Copper Heads for its Biggest Quarterly Plunge since 2011

CHF, USD Up while GBP falls; US personal Income Spending

Pound Rises Despite Record Current Account Shortfall

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

USD/JPY Technical Analysis: Rising Wedge May Lead to Big Sell-off

Hyundai, Kia Raided over Suspected Defeat Devices in Germany

Novartis to Cut Up to 8,000 Jobs Globally

CICC: China’s internationalization remains a historic opportunity

Crude Oil Price Slips as ECB Forum Fallout Continues While China Data Beats Forecasts

Euro Outlook: EUR/USD, EUR/GBP Remain Vulnerable as Retail Traders Hold Long

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