WTI Oil Outlook: Range-Trading Extends Into Second Week In Absence Of Stronger Direction Signals
WTI oil price is trading within narrow range on Monday and extending directionless mode into second week. Talks between Iran and major powers over the weekend ended in overall positive tone that increased pressure on oil price, but negative impact...
GBPUSD 1.2350 Major Support
The British pound has opened the week on the back foot against the greenback after a heavily bearish price close below its former yearly trading low. The 1.2350 level offers the most significant technical support for the GBPUSD pair below...
Yen Higher as Markets Turn Cautious in a Week of Fed, BoJ, BoE and Important Data
Yen opens the week broadly higher, following mild risk aversion in Asian markets. Traders are turning cautious ahead of FOMC rate decision, a string of worldwide economic data, as well as resumption of US-China trade negotiations. Swiss Franc is the...
SoftBank will reportedly invest $2 billion in Southeast Asian ride-hailing firm Grab
Anthony Tan, co-founder and chief executive officer of Grab, poses for a photograph in Singapore, on Monday, July 9, 2018. Bloomberg | Getty Images SoftBank Group CEO Masayoshi Son said Monday the Japanese conglomerate will invest $2 billion in ride-hailing...
FOMC Preview – Expecting -25 bps Cut From a Divided Fed
We expect the Fed to announce a rate cut of -25 bps, bringing the Fed funds rate target to 2-2.25%, this week. Yet, this decision is unlikely unanimous. Although there has been voice suggesting a deeper cut is needed, we...
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