Crude Oil Price Technical Forecast: WTI Rebound Bounces into August
Crude oil surged more than 12% off the July lows with a rebound off technical support in focus heading into August. The levels that matter on the WTI weekly chart.
Australian Dollar Outlook: US Dollar Gyrations Dominate AUD
The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD.
Global Equity Funds Record Fifth Weekly Outflow in a Row
July 29 Reuters Global equity funds witnessed weekly outflows for a fifth straight week in the week to July 27 on caution ahead of the U.S. Federal Reserve39;s policy meeting and on lingering fears over a global recession. According to Refinitiv Lipper, global equity funds booked net selling of 2.73 billion, although weekly outflows eased […]
World Stocks Eye Best Month since Late 2020, Dollar Recovers
MSCI World index up 0.2; nearly 6 for the month Dollar recovers early losses to trade flat vs peers Euro zone GDP data beats expectations; clouds ahead LONDON, July 29 Reuters Global stocks rose on Friday, on course for their best month since late 2020, as euro zone growth beat expectations, while the dollar staged […]
Indias Nifty Posts Best Month since Nov 2020, Rupee Surges
BENGALURU, July 29 Reuters India39;s bluechip Nifty 50 stock index recorded its best monthly gains since November 2020, while the rupee surged against the dollar on Friday, as investors bet on a slower pace of U.S. interest rate hikes. The NSE Nifty 50 index closed 1.35 higher at 17,158.25 while the SP BSE Sensex rose 1.25 to […]
Toronto Stocks Rise, Set to Snap 3Month Slump
Imperial Oil profit jumps more than 6fold on crude price rally Auto parts maker Magna misses profit estimates as costs bite Canada Q2 GDP set to grow more than expected TSX rises 0.9 July 29 Reuters Canada39;s resourceheavy main stock index rose on Friday, helped by strong company earnings, while data showing Canadian economy most […]
SK Innovation Shares Rise on Positive Forecast for Battery Unit Turnaround
Battery unit could reach breakeven in Q4 executive Shares rise as much 5 on change in guidance Sees limited impact on battery unit from Ford MotorCATL deal SEOUL, July 29 Reuters South Korean energy group SK Innovation Co Ltd said on Friday its battery unit is on target to break even in the fourth quarter thanks […]
Yen Set for Biggest Weekly Gain in 4 Months on Peak U.S. Rate Bets
LONDON, July 29 Reuters Japan39;s yen surged on Friday and is on track for its biggest weekly rise in four months against the dollar on bets that U.S. interest rates are nearing a peak after data showed on Thursday the world39;s biggest economy unexpectedly contracted in the June quarter. Futures markets predict that U.S. interest […]
Indian Rupee Touches 3Week High as Dollar Continues Slide
MUMBAI, July 29 Reuters The Indian rupee firmed to a more than threeweek high by Friday afternoon as the U.S. dollar remained under pressure on bets the Federal Reserve would decelerate its pace of rate hikes after the U.S. economy unexpectedly shrunk in the June quarter. The partially convertible rupee was trading at 79.24 per […]
Gold Price & Silver Forecast – XAU, XAG May Put Rally to the Test
Gold and silver have undergone strong bounces, but strength may be put to the test as a new week unfolds; levels and lines to watch.