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Analysis
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Forex
EUR/USD cycles near 1.0900 as Fiber traders tread water
EUR/USD went nowhere fast on Thursday, testing the 1.0900 handle before wrapping up the day’s action close to where it started.
Economics
Fed's Schmid: Lower rates would be appropriate if inflation continues to fall
Federal Reserve Bank of Kansas City Jeffrey Schmid said on Thursday that lowering monetary policy would be "appropriate" should inflation continue to come
Forex
Yen fluctuates in volatile trading, keeping investors cautious
The yen experienced volatile trading following a significant drop, influenced by the unwinding of carry trades and uncertainty around Japanese monetary pol
Commodities
Western insurers offer coverage for Russian oil despite worries about price caps
Western insurers, including American Club, West of England, and Norway's Gard, have provided insurance for Russian crude tankers, facilitating oil trade de
Stocks
Eli Lilly increases yearly projections as quarterly sales of weight-loss drug surpass $1 billion
Eli Lilly raises annual profit forecast by $3 billion due to increased manufacturing capacity for weight-loss and diabetes drugs.
Economics
US jobless claims seen at 233,000 last week; below expected 241,000
The number of Americans filing new applications for unemployment benefits fell more than expected last week, adding to the uncertainty over the conditions
Commodities
Natural Gas snaps two-day rally after Ukraine enters Russia
Natural Gas eases near 1% on Thursday after a stellar 8% surge earlier in the week.
Commodities
Oil could bounce; continue to recommend selling strength: Citi
Analysts at Citi Research in a note dated Wednesday have indicated a potential short-term rebound in oil prices to the low-to-mid-$80s per barrel for brent
Forex
USD/JPY declines to near 146.00 on BoJ’s hawkish Summary of Opinions
The USD/JPY falls to near 146.00 in Thursday’s European session.
Forex
USD/CAD: Slightly negative on the day – Scotiabank
The Canadian Dollar (CAD) is little changed on the day, FX chief FX strategist Shaun Osborne notes.
Cryptocurrencies
JPMorgan remains 'cautious' on Bitcoin, crypto market despite recent selloff
JPMorgan is still wary of crypto markets, even though Bitcoin managed to bounce back a bit after having its worst day since Sam Bankman-Fried's FTX empire
Commodities
Oil prices rise on smaller US inventories, China demand fears limit gains
Oil prices rose in Asian trade on Thursday as a sustained drop in U.S. inventories spurred some optimism over sustained demand in the world’s biggest fuel
Forex
GBP/USD edges higher to near 1.2700, upside potential seems limited
GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday.
Commodities
Silver Price Prediction: XAG/USD rebounds from multi-month low, not out of the woods yet
Silver reverses an intraday dip to a fresh multi-month low touched earlier this Thursday.
Forex
AUD/JPY clings to hawkish RBA-inspired gains, struggles to build on strength beyond 96.00
AUD/JPY turns positive for the third straight day, albeit lacks strong follow-through buying.
Stocks
Morgan Stanley says Japanese insurance stocks attractive despite deep correction
Morgan Stanley (NYSE:MS) said that a recent decline in Japanese insurance stocks had stretched too far, and reiterated its view that the sector still remai
Forex
US Dollar Index falls to near 103.00 due to dovish mood surrounding the Fed
The US Dollar depreciates due to heightened expectations of the US Fed reducing rates in September.
Forex
GBP/USD struggles to find gains as markets chew on rate cut expectations
GBP/USD tested waters on the high side on Wednesday but settled the day where it started just south of the 1.2700 handle.
Economics
Fed rate cuts only bullish for base metals if demand picks up
The recent pause in the rally of base metals is attributed to a combination of factors, including sluggish growth in China and a weakening US economy, said
Stocks
Where do Magnificent 7 valuations stand today?
The Magnificent 7 group of stocks has declined 9% month-to-date through August 5th, underperforming the broader market with the S&P 500 down 6% and the NAS
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