Finance
Gold (XAU/USD) recovers slightly from a nearly two-week low, touched during the Asian session on Tuesday, and climbs back above the $4,000 psychological mark, though the upside potential seems limited. The US Dollar (US…
Finance
The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Tuesday that two 'offending supertankers' were hit and disabled in the Strait of Hormuz. IRGC said that tankers ignored warnings, turned off navigation syste…
Finance
The United States Central Command (CENTCOM) said on Tuesday that US forces complete new strikes on Iranian military targets, adding that more than 50,000 US service members are currently deployed across the Middle East,…
Finance
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties followi…
Finance
USD/CHF declines after two days of gains, trading around 0.8140 during the Asian hours on Tuesday. Traders will likely observe the Swiss Producer and Import Prices data for June due later in the day.
Finance
The GBP/USD pair trades in positive territory around 1.3360 during the Asian trading hours on Tuesday. However, the potential upside for the major pair might be limited amid fears of an escalating US-Iran conflict. The …
Finance
July 14 (Reuters) – Genesis Minerals has agreed to acquire smaller peer Vault Minerals in a deal that would create Australia’s third-largest gold producer with a market capitalisation of around A$12.6 billion ($8.71 bil…
Finance
AUD/USD edges higher after posting 0.5% losses in the previous day, trading around 0.6930 during the Asian hours on Tuesday. The technical analysis of the daily chart shows the pair remaining within the descending chann…
Finance
The AUD/USD pair trades with mild losses around 0.6915 during the early Asian session on Tuesday. Ongoing geopolitical tensions in the Middle East continue to boost a safe-haven currency such as the US Dollar (USD) agai…
Finance
Commerzbank’s Dr. Henry Hao argues China’s housing downturn, now in its fifth year, is settling into an L-shaped stagnation with a pronounced K-shaped regional divergence. The report highlights persistent weakness in de…
Finance
Paramount has vowed to fight California’s lawsuit seeking to block its proposed $110-billion merger with Warner Bros. Discovery, arguing the deal would actually boost competition.
Finance
China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrives at CNY859.05 billion, widening from the previous figure of CNY723.98 billion.
Finance
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term.
Finance
The United Arab Emirates (UAE) Ministry of Defence said that two UAE national tankers, the Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, in Omani terr…
Finance
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH fell more than expected to 6.7766 before rebounding, with the sharp decline seen stabilising and intraday consolidation likely between 6.7780 and 6.7920. For the ne…
Finance
Saudi Arabia's flagship carrier is in talks with Boeing Co and Airbus SE for what could be its largest plane purchase yet, committing billions of dollars towards becoming a travel and tourism hub.
Finance
OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for …
Finance
The US Dollar Index (DXY) surges toward 101.30, gaining around 0.3% as escalating tensions between the United States (US) and Iran boost safe-haven demand and drive energy prices sharply higher. US President Donald Trum…
Finance
Gold price (XAU/USD) remains under selling pressure near $3,995 during the early Asian session on Tuesday. The precious metal extends its downside as renewed US-Iran tensions keep inflationary pressures high. Traders aw…
Finance
OCBC strategists Sim Moh Siong and Christopher Wong observe that USD/SGD has turned slightly softer, tracking Renminbi (RMB) gains as the Dollar consolidates. They see risks skewed to the downside, with support at 1.29 …
Finance
OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for …
Finance
The British Pound Sterling is spending Monday learning the difference between a recovery and a reprieve. GBP/USD opened the week flush against its 200-day Exponential Moving Average (EMA), probed the 1.3400 area through…
Finance
The U.S. spirits market has been under pressure for over two years, JPMorgan analysts wrote on Aug. 20 in an earnings preview, citing a Gallup report that says the percentage of adults self-reporting that they consume a…
Finance
OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH dipped after a stronger USD/CNY fix below 6.80, the first such level since February 2023. They read this as policymakers being comfortable with …