Australia (Reuters) – The spot price of iron ore tumbled to a four-month low as Beijing once again talked down the key steel raw material, but as usual the question is whether the intervention will lead to sustained lower prices. The spot price for benchmark 62% iron ore for delivery to north China, as assessed […]
Industry News
Industry News
Industry News
24
Apr
Apr
Chart of The Day
This week will see a lot of interesting releases, especially the second half of it. Traders will be offered Q1 GDP data from the United States and Germany as well as Bank of Japan decision and flash CPI data for April from Europe. Stock traders will also have a lot of information to digest as […]
24
Apr
Apr
DAX30 Unchanged After German IFO Meets Estimates
German IFO indices for April were released this morning at 9:00 am BST. Data was expected to show a slight improvement compared to March readings. Actual data came in slightly better than expected. Headline business climate index moved from 93.3 to 93.6 (exp. 93.4) while expectations subindex jumped from 91.2 to 92.2 pts. On the […]
24
Apr
Apr
JPY Recovers Losses Ahead of Upcoming BOJ Meeting
Japanese central bankers will meet this week to decide on monetary policy (Friday). This will be the first meeting under new Bank of Japan governor Ueda. There was some hope in the markets that change at BoJ helm will result in change in BoJ policy. However, Ueda so far has been hinting at continuation of […]
24
Apr
Apr
Survey Data From Europe And United States Ahead
European index futures trade slightly lower ahead of the cash session opening. This comes after a rather downbeat Asian session that saw indices from South Korea and China drop hard and other regional indices trade flat. USD has been one of G10 top performers throughout Asian trading hours but started to gave back gains as […]
24
Apr
Apr
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The Morning Market Wrap
Brent (OIL) is inches away from closing a bearish price gap triggered by an unexpected OPEC+ output cut. Source: xStation5
22
Apr
Apr
Markets to Watch Next Week
Traders will get a first glimpse of how US economy performed in January-March period next week as the US GDP report for Q1 2023 is set to be released on Thursday. EUR traders will focus on flash CPI data for April while central banking enthusiasts will tune in for CBRT and BoJ rate decision. Last […]
22
Apr
Apr
Bitcoin Struggling at $28k
Cryptocurrencies are losing ground against higher chances of a Fed rate hike, a stronger dollar, and regulatory risk. Bitcoin has lost for the third day in a row. According to Coinglas data, leveraged positions worth nearly $160 million were liquidated in the past day, of which 80% were bullish bets. The value of liquidated positions […]
22
Apr
Apr
Protecter & Gamble (PG.US) shares up more than 4%
Procter & Gamble, the world’s largest producer of household goods, has increased prices for its consumer products faster than its own expenses, resulting in a boost in profit margins for the first time in two years. Also due to higher prices and a slightly higher demand for some products, the company raised its sales projection […]
21
Apr
Apr
NATGAS prices continue the slight rally after contracts rollover.
After the rollover of futures contracts on US HenryHub (NATGAS) , bulls are trying to maintain momentum and push prices above 2,4 USD despite yesterday’s weak for buyers EIA report, which showed higher than expected inventories growth: NATGAS prices continue the slight rally after contracts rollover. Looking at the chart in a wider interval, the price is […]