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Investing.comJul 16, 2024
Oil prices fall amid China demand woes, rate cut hopes
WTI remains depressed amid demand concerns, downside potential seems limited
Japanese Yen depreciates, traders remain alert to potential intervention by authorities
Investing.comJul 16, 2024
Asian stocks drift higher as rate cut bets grow; China lags
Silver Price Analysis: XAG/USD remains below $31.00 mark, bulls flirt with 200-hour SMA
Japan’s Hayashi believes forex should reflect fundamentals
Commodities
Silver Price Analysis: XAG/USD remains below $31.00 mark, bulls flirt with 200-hour SMA
Silver (XAG/USD) attracts some buyers during the Asian session on Tuesday, snapping a two-day losing streak and stalling the recent pullback from the $31.75 area or its highest level since May 31 touched last week.Fxstreet
Jul 16, 2024
Economic Indicator
Japan’s Hayashi believes forex should reflect fundamentals
Japanese Chief Cabinet Secretary Yoshimasa Hayashi is out with some verbal intervention, as the Yen once again sees heavy selling pressure against the US Dollar early Tuesday.e Key quotes No comment on forex intervention.Fxstreet
Jul 16, 2024
Commodities
Gold price bulls retain control despite modest USD strength, risk-on environment
Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Tuesday and for now, seems to have stalled the previous day's late pullback from the $2,430 area, or its highest level since May 20.
Fxstreet
Jul 16, 2024
Other
Biden dismisses health concerns, sees “close race” with Trump- NBC interview
Investing.com-- President Joe Biden indicated that he had no intention of dropping his bid for re-election and running against Donald Trump, but noted that it was going to be a close race. In an inteInvesting.com
Jul 16, 2024
Economic Indicator
Fed's Daly: Confidence is growing that inflation is heading lower
Federal Reserve (Fed) Bank of San Francisco President Mary Daly refused to give time-based guidance on the Fed's likely pace of rate cuts but acknowledged that significant progress has been on inflation.Fxstreet
Jul 15, 2024
