News
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Gold Price Forecast: XAU/USD tumbles to near $4,050 on renewed optimism around US-China trade talks
Gold price (XAU/USD) falls to around $4,065 during the early Asian session on Monday. The precious metal extends the decline as traders book profits following a prolonged record-setting rally.
Fxstreet
Mon, Oct 27
USD/JPY gathers strength above 153.00 on potential US-China trade deal
The USD/JPY pair extends the rally to around 153.15 during the early Asian session on Monday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid improved risk sentiment as the US and China have agreed on the framework of a potential trade deal.
Fxstreet
Mon, Oct 27
New Japan PM tells Trump that US alliance is paramount in first phone call
TOKYO, Oct 26 (Reuters) - Japan's new prime minister, Sanae Takaichi, told U.S. President Donald Trump that strengthening their countries' alliance is her government's "top priority", in their first phone call on Saturday.Takaichi also told Trump that Japan i...Reuters
Sun, Oct 26
Alaska Airlines vows IT upgrades after outage forces 400 flight cancellations
By Kanishka Singh, Ismail Shakil and David Shepardson WASHINGTON, Oct 24 (Reuters) - U.S. carrier Alaska Airlines ALK.N said Friday it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for mo...Reuters
Fri, Oct 24
Oil slips on skepticism about US commitment to Russian oil sanctions
Benchmarks pare early-day gains spurred by Thursday's sanctions Brent, US crude both gain over 7% in the weekChinese state oil majors to suspend Russian oil purchasesIndian refiners set to cut their Russian crude imports By Erwin Seba HOUSTON, Oct 24 (Reuters) - Oil prices fell on Friday as s...Reuters
Fri, Oct 24
METALS-Copper nears $11,000 as tight supply, trade talks in focus
By Tom Daly Oct 24 (Reuters) - Copper rallied toward $11,000 per metric ton on Friday on persistent concerns over a shortage of supply and renewed optimism over trade talks between the United States and China.Benchmark three-month copper CMCU3 on the London Metal Exchange was up 1% at $10,960 a...Reuters
Fri, Oct 24
“Cockroach Hunt” Over? After Loan Portfolio Reviews, U.S. Regional Banks Say: This Isn’t 2023
TradingKey - Recent failures at smaller financial institutions and loan write-offs over the past month have raised fears of a repeat of the 2023 regional banking crisis. However, based on Q3 earnings reports and internal credit portfolio reviews, recent bad debt incidents may not signal systemic
TradingKey
Fri, Oct 24
Gold’s Nine-Week Rally Ends Amid Dollar Strength — But the Bull Market Isn’t Over
TradingKey - After nine consecutive weeks of gains, gold prices may be ending their strong rally this week, pressured by easing trade tensions and investor profit-taking. The recent sell-off stemmed from position unwinding in speculative portfolios and spillover effects from silver markets ...TradingKey
Fri, Oct 24
Asia Distillates-Margins hover at 1 1/2-yr highs on robust market fundamentals
Asia's diesel market performance was robust through the week, supported by expectations of firm November supply-demand fundamentals, while refining margins GO10SGCKMc1 rose back to slightly more than 1 1/2-year highs of $23 a barrel.Reuters
Fri, Oct 24
GRAINS-Chicago soybeans set for best weekly gain in 10 on trade optimism
Chicago soybean futures retreated on Friday from a one-month high as crude oil prices dropped, but remained on track for their biggest weekly gain in 10 weeks on hopes of renewed trade talks with top buyer China.Reuters
Fri, Oct 24
Bitcoin Weekly Forecast: BTC reclaims $111,000 ahead of US CPI data release
Bitcoin (BTC) price reclaims $111,000 mark at the time of writing on Friday, after finding support around the key level earlier this week. Investors now focus on the US Consumer Price Index (CPI) data release due later on Friday, which could influence market sentiment and volatility.
Fxstreet
Fri, Oct 24
Google Deploys Gigawatt-Scale TPU Power for Anthropic in 'Over $10 Billion' AI Deal
TradingKey - The hardware race in artificial intelligence has reached a heavyweight transaction. Alphabet Inc.'s Google Cloud has announced it will provide up to 1 million of its custom-designed Tensor Processing Unit (TPU) chips to rapidly rising AI startup Anthropic.
TradingKey
Fri, Oct 24
Super Micro Q1 Revenue Forecast Misses Expectations, Shares Plunge 8% - Is Market Trust Waning?
TradingKey - On October 23, AI server manufacturer Super Micro announced that it now expects fiscal Q1 2026 revenue (ending September 30) to be $5 billion, falling short of the earlier prediction of $6-7 billion. This revelation caused its stock to tumble over 8% to $47.92.
TradingKey
Fri, Oct 24
Japan's Kirin looks to sell Kentucky bourbon brand for $1 billion, FT reports
Oct 24 (Reuters) - Japanese brewer Kirin 2503.T has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported on Friday, citing people familiar with the matter.The company has been working with advisers from UBS UBSG.S to weigh interest from potential buyers ...Reuters
Fri, Oct 24
