Latest Forex, Commodities and Indices News
EUR/AUD Bounce at the MEGATREND Moving Averages
The EUR/AUD is bullish and the price is trying to get the upside momentum so it could continue climbing back up. Read More
HSBC hires Goldman Sach’s Ma to lead North Asia global banking – memo
HONG KONG (Reuters) - HSBC has appointed Goldman Sachs partner Christina Ma as its head of global banking for North Asia, according to a memo [more]
Defence manufacturer Saab to produce Carl-Gustaf M4 weapons system in India
(Reuters) - Swedish defence products company Saab will manufacture its Carl-Gustaf M4 weapons system in India, a top executive said on Tuesday. Read More
Lebanon to set session to elect new president on Sept. 29 – official source
BEIRUT (Reuters) - Lebanese parliament speaker Nabih Berri will call for a session to elect a new president on Sept. 29, an official source told [more]
Kremlin: sabotage cannot be ruled out as reason for Nord Stream damage
MOSCOW (Reuters) - The Kremlin said on Tuesday that it did not rule out sabotage as a reason behind the damage to the Russia-built network [more]
Bank of England says won’t take ‘risky bets’ to help City’s competitiveness
LONDON (Reuters) - The Bank of England's new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards, [more]
AUD/USD struggles to find acceptance above 0.6800 mark, pares intraday recovery gains
AUD/USD stages a modest bounce from its lowest level since May 2020, though lacks follow-through. Retreating US bond yields, the risk-on impulse weighs on the [more]
Gold Price Forecast: XAU/USD’s bearish streak to extend amid weak demand – SocGen
Money managers decreased their long position in the gold market for the sixth consecutive week. Strategists at Soci?t? G?n?rale expect the yellow metal to continue [more]
UK: New budget and extra BoE rate hikes – UOB
Economist at UOB Group Lee Sue Ann comments on the announcement of the Growth Plan by Chancellor K.Kwarteng. "UK Chancellor Kwasi Kwarteng unveiled his Growth [more]
British Pound Latest: GBP/USD Rebound is Not a Sign of Sterling Strength
British Pound Latest: GBP/USD Rebound is Not a Sign of Sterling Strength The pull-back in GBP/USD from its multi-decade low looks weak and further selling [more]
EUR/USD regains the smile and retargets 0.9700
EUR/USD gathers some upside traction beyond 0.9600. Renewed weakness in the dollar allows the pair to recover. ECB Lagarde, De Guindos speaks later in the [more]
Nord Stream operator says three offshore gas pipelines damaged in one day
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Euro zone companies’ borrowing binge accelerated in Aug – ECB
FRANKFURT (Reuters) - Euro zone companies extended their borrowing binge in August, taking on bank loans at the fastest pace since 2008 despite rising interest [more]
South Africa FDI inflows drop in Q2, household debt rises
JOHANNESBURG (Reuters) - South Africa's foreign direct investment (FDI) inflows dropped in the second quarter of 2022, while household debt levels rose and consumption expenditure [more]
Egypt’s import squeeze hobbles economy as dollars run short
By Mahmoud Salama and Sarah El Safty CAIRO (Reuters) - Christeen Aiad from eastern Cairo had been hoping to buy a small automatic car this [more]
Strike action halts product transport from three French TotalEnergies refineries – union
By Rowena Edwards (Reuters) - Strike action has stopped refined products from leaving three of TotalEnergies' refineries and one fuel storage depot in France, a [more]
TotalEnergies to spend 1 billion euros in next two years on energy efficiency
PARIS (Reuters) - TotalEnergies said it would spend 1 billion euros ($962.60 million) over the next two years to help businesses become more efficient in [more]
Soccer-Suspected German ‘fans’ attack pub customers before Wembley clash with England
(Reuters) - Scores of suspected German football fans attacked customers at a London pub ahead of England's 3-3 Nations League draw with Germany on Monday, [more]
Exclusive-India’s inclusion into key govt bond index pushed back to next year – sources
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Risk for higher EUR/NOK and EUR/SEK in the months ahead – Nordea
Risk-sensitive currencies such as the Norwegian krone and the Swedish krona are very vulnerable. Therefore, economists at Nordea see EUR/NOK and EUR/SEK at 10.50 and [more]
USD/JPY remains on the defensive, downside seems cushioned ahead of US macro data
USD/JPY edges lower on Tuesday and snaps a two-day winning streak amid a modest USD pullback. Retreating US bond yields turn out to be a [more]
GBP/USD: Vulnerable to a break of parity later this year – ING
There has been a loose discussion in the market about the prospect of GBP/USD hitting parity for some months. Economists at ING believe that the [more]
XRP price cools off before preparing for its next 100% rally
XRP price has retraced 15% from its recent swing high at $0.559. Investors can expect a steep correction before it triggers its next explosive move. [more]
EUR/USD: 0.90 could be in reach on a dip under 0.95 – Nordea
Economists at Nordea believe EUR/USD will fall to 0.95. A break below here would open up further losses to 0.90. "While we currently see EUR/USD [more]