News
Important Only
WTI remains on the back foot below $78.00 mark and two-week top touched on Wednesday
China’s SAFE: Will strengthen FX situation monitoring and policy reserves
FxstreetJun 13, 2024
USD/INR gathers strength on the Fed’s hawkish hold
Japanese Yen loses ground as US Dollar advances due to hawkish Fed
Investing.comJun 13, 2024
Asian stocks rise as tech tracks Wall St rally; Hawkish Fed limits gains
Gold price extends overnight pullback from 50-day SMA amid reduced Fed rate cut bets
Commodities
WTI remains on the back foot below $78.00 mark and two-week top touched on Wednesday
West Texas Intermediate (WTI) US crude Oil prices trade with a mild negative bias during the Asian session on Thursday, albeit lack bearish conviction and remain well within the striking distance of a nearly two-week high touched the previous day.Fxstreet
Jun 13, 2024
Economic Indicator
China’s SAFE: Will strengthen FX situation monitoring and policy reserves
China’s FX regulator, the State Administration of Foreign Exchange (SAFE), said in a statement on Thursday, it “will strengthen FX situation monitoring and policy reserves.” Additional quotes Will severely crack down on illegal FX activities.Fxstreet
Jun 13, 2024
Stocks
Asian stocks rise as tech tracks Wall St rally; Hawkish Fed limits gains
Investing.com-- Most Asian stocks rose on Thursday as the technology sector tracked an overnight rally on Wall Street, although overall gains were limited after the Federal Reserve slashed its outlookInvesting.com
Jun 13, 2024
Commodities
Gold price extends overnight pullback from 50-day SMA amid reduced Fed rate cut bets
Gold prices (XAU/USD) gained positive traction for the third successive day on Wednesday and touched a fresh weekly peak, around the $2,341-2,342 area in reaction to softer US consumer inflation figures.Fxstreet
Jun 13, 2024
Commodities
Oil prices dip after surprise build in US inventories, hawkish Fedspeak
Investing.com-- Oil prices fell in Asian trade on Thursday after official data showed a surprise build in U.S. crude inventories, while the IEA also trimmed its oil demand growth forecast for 2024 andInvesting.com
Jun 13, 2024
Economic Indicator
Australia jobs grow more than expected in May, unemployment eases
Investing.com-- Australia’s job market grew more than expected in May, shrugging off recent signs of cooling as strong labor demand and relatively limited supply of skilled workers also saw the unemplInvesting.com
Jun 13, 2024
Stocks
US stock futures rise as Wall St hits record highs despite hawkish Fed
Investing.com-- U.S. stock index futures rose in evening deals on Wednesday, extending a record-high rally on Wall Street as soft inflation data largely supplanted hawkish messages from the Federal ReInvesting.com
Jun 13, 2024
Stocks
Broadcom tops Q2 estimates as AI revenue swells; unveils 10-for-1 stock split
Investing.com -- Broadcom upgraded its annual revenue guidance after reporting Wednesday fiscal second-quarter results that topped expectations, driven by record AI revenue, and the chipmaker also unvInvesting.com
Jun 12, 2024
