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Oil outlook: WTI’s price is marginally higher for the week
On a fundamental level in todays’ report we are to have a look at the recent IEA report, OPEC+’s meeting over the week, the pressure on the EU to impose tariffs on China and India and end the report with the state of the US oil market. The report is to be concluded with a technical analysis of WTI’s
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GBP/JPY climbs back above mid-199.00s; BoJ's hawkish stance could limits gains
GBP/JPY regains positive traction on Wednesday amid a supportive fundamental backdrop.Diminishing odds for an immediate BoE rate cut act as a tailwind for the British Pound.Hawkish BoJ expectations underpin the JPY and might cap any further gains for the cross. The GBP/JPY cross stalled this week's
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August employment: Help not wanted
Summary The August employment report was underwhelming and capped a summer of labor market doldrums. Nonfarm payrolls grew by just 22K in August, and some modest downward revisions to job growth in July and June pushed the three-month moving average on payroll growth down to a measly 29K. The hiring
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WTI declines below $63.00 as weekly EIA crude inventories unexpectedly build
WTI price loses ground to near $62.95 in Friday’s Asian session. US crude oil stocks unexpectedly rose for the week ending August 29.OPEC+ is considering raising oil production further, said Reuters. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.95 during the early
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EUR/GBP gains ground above 0.8650 ahead of Eurozone Retail Sales release
EUR/GBP gathers strength to near 0.8680 in Thursday’s early European session. Economists anticipate the ECB will leave the deposit rate unchanged in the September meeting. UK Finance Minister denies UK economy is broken, pledges tight spending. The EUR/GBP cross gains traction to around 0.8680 durin
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The upswing in the metal markets is likely to subside again – Commerzbank
With the exception of aluminum, base metal prices have risen in recent days, Commerzbank's commodity analyst Barbara Lambrecht notes. Attempt to break above $10,000 has failed on the Copper market "The price of Copper (3-month forward), which had already risen by 3% in August, headed for the $10,000
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BlockATM: Bringing Web3 to Your Everyday Steps
In the rhythm of our busy lives, convenience is key. We grab coffee on the way to work, pick up groceries on the way home, and now, thanks to BlockATM, we can seamlessly step into the world of web3 and decentralized finance (DeFi) during these everyday moments. This sleek kiosk is more than just a m
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ITC Packaging & Printing Business Triumphs at PrintWeek Awards 2022 with Innovative Sustainable Packaging Solutions
ITC Packaging & Printing Business (ITC-PPB) continues to lead the packaging industry with wins at the prestigious PrintWeek Awards 2022, securing Packaging Converter of the Year (F&B) and Packaging Company of the Year – Folding Cartons (Volume). Recognized for innovative packaging design, cu
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RUB: Fundamentals turning weaker – Commerzbank
While US intermediation to end Russia’s war with Ukraine have kept hitting a dead end, there is a noticeable downturn taking hold in the Russian economy for the first time since sanctions were imposed, Commerzbank's FX analyst Tatha Ghose notes. USD/RUB and EUR/RUB to steadily trend up "The manufact
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Another quiet day in Asia with no significant Delta – Focus on US July ISM Services
General trend - Today saw little untoward data or news to stop Asian stocks recovering some recent losses, shadowing a better start to the week for US equities overnight. {Kospi outperformed +1.3% with all major indices well in the green). - Little trade news, for a change. Japan trade rep Akazawa d
