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Economics
Fed: Unchanged for Jul, while Powell says rate cuts could come “as soon as” Sep – UOB Group
The Federal Reserve (Fed) left rates unchanged in Jul as widely expected, Powell puts Sep rate cut on the table assuming conditions are met, UOB Group econ
Stocks
Intel poised for largest decline in 24 years as turnaround challenges deepen
Intel faced a significant selloff potentially erasing $25 billion in market value, its worst since 2000, after suspending dividends and cutting workforce t
Forex
Dollar falls as data points to economic slowdown; sterling weak
The U.S. dollar fell in early European trade Friday after weak data fuelled fears of a sharp slowdown in the world's largest economy, potentially promptin
Forex
USD/CAD hovers near nine-month high below 1.3900 with US NFP in focus
The USD/CAD pair trades close to a nine-month high at 1.3890 in Friday’s European session.
Stocks
Intel, Amazon, Nvidia, Snap fell premarket; Apple, Exxon rise
Intel (NASDAQ:INTC) stock slumped 21% after the chipmaker suspended its dividend and slashed its workforce to fund a costly turnaround for its chip-making
Stocks
Asian stocks slump on growth concerns; Nikkei hits 6-mth low in post-BOJ rout
Asian stocks fell sharply on Friday, tracking an overnight rout on Wall Street on concerns over slowing economic growth, with a rout in Japanese markets d
Commodities
Gold Price Forecast: XAU/USD rises to near $2,450 due to increased risk aversion
Gold price (XAU/USD) edges higher to near $2,450 per troy ounce during the Asian session on Friday.
Forex
USD/CAD holds position around 1.3850 after pulling back from eight-month highs
USD/CAD has retreated from an eight-month high at 1.3889 marked on Thursday.
Forex
GBP/USD depreciates toward 1.2700 due to increased risk-off mood, BoE rate cut
GBP/USD extends its losses following the Bank of England‘s (BoE) decision to deliver a broadly expected 25-basis point rate cut at its August meeting held
Commodities
WTI holds position near $76.50, awaits Iran's reaction to assassination of Hamas leader
West Texas Intermediate (WTI) crude Oil price inches higher to near $76.50 per barrel during Friday’s Asian session.
Forex
EUR/USD Price Analysis: Tests the lower boundary of the descending channel around 1.0800
EUR/USD retraces its recent losses from the previous session, trading around 1.0800 during the Asian hours on Friday.
Forex
USD/JPY Price Analysis: Plummets below 150.00, hits 5-month low and turns bearish
The USD/JPY descended on Thursday trading, breaking below the 150.00 psychological figure and achieving a daily close below the latter for the first time s
Economics
RBA no longer expected to hike rates in 2024, but cuts also unlikely- Rabobank
The Reserve Bank of Australia is no longer expected to hike interest rates in 2024 following some signs of easing inflation in the second quarter, Rabobank
Forex
GBPUSD backslides after BoE rate cut with NFP looming ahead
GBP/USD heads for 1.2700 after slumping to a one-month low. The BoE cut rates as expected, easing the GBP lower. US data sparked fresh fears of a recession
Stocks
Intel suspends dividend as Q2 results miss estimates on margin woes; shares slump
Intel on Thursday suspended its dividend and said it expected a loss in the third quarter after reporting Q2 results that fell short of estimates amid marg
Economics
Fed to cut in September, December, Macquarie says, amid fresh recession jitters
The Federal Reserve is widely expected to deliver its first rate cut next month and followed it up by cutting again in December to ensure the economy remai
Commodities
Gold price slumps amid buoyant US Dollar after soft ISM PMI
Gold price edges lower during the North American session after hitting a daily low and high of $2,430 and $2,462, respectively, amid a stronger US Dollar.
Commodities
Gold price falls slightly as US Dollar advances ahead of US manufacturing PMI, NFP
Gold price (XAU/USD) edges lower after posting an almost two-week high at $2,458.50 in Thursday’s European session.
Commodities
Silver Price Forecast: XAG/USD tumbles to near $28.70 as US Dollar recovers ahead of US data
Silver price (XAG/USD) falls sharply to near $28.70 in Thursday’s European session after posting a fresh weekly high at $29.16.
Stocks
BMW shares slip on weak half-year cash flow
Shares of BMW (ETR:BMWG) were down on Thursday after its second quarter results were largely in line with expectations for auto EBIT, but fell short on fre
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