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Stocks ease despite upbeat Samsung forecast, yen languishes

By Enas Alashray and Mrinmay Dey July 6 (Reuters) – Iran’s Revolutionary Guards fired at least two missiles at commercial ships transiting through the Strait of Hormuz on Monday night, Axios reported, citing two U.S. of…

Finance

Why is Wisetech Global stock surging today?

• WiseTech Global ASX:WTC is in the market spotlight because of a fresh market-moving catalyst that has changed the investor conversation.

Finance

Crude Oil forgets the war and shrugs at the tollbooth

Crude Oil finished Thursday at its lowest level in 18 weeks, which means the vast risk premium that built up around this year's conflict has fully bled away, back to pre-war levels. The interesting part is not the round…

Finance

AUD/USD Price Forecast: Bearish bias persists below 0.7000

The Australian Dollar (AUD) trades on the front foot against the US Dollar (USD) on Thursday as a weaker-than-expected US Nonfarm Payrolls (NFP) report pushed back expectations of an imminent Federal Reserve (Fed) inter…

Finance

British Pound rallies as weak NFP smashes Fed hike bets

The Pound Sterling (GBP) registers solid gains against the US Dollar (USD) on Thursday after the latest US employment report missed estimates, reducing the chances of a Federal Reserve (Fed) rate hike. At the time of wr…

Finance

Asian FX: Scope for sharp rebound on US pressure – BNY

BNY’s Geoff Yu notes that clients have largely capitulated on Japanese Yen (JPY) and South Korean Won (KRW) longs as these currencies stay weak versus US Dollar (USD) and Chinese Yuan (CNY). He argues that fundamentals …

Finance

Australian Dollar rises as weak US NFP weighs on the US Dollar

The AUD/USD pair climbed near the 0.6930 area on Thursday as the US Dollar (USD) came under pressure following softer-than-expected United States (US) labor market data. The pair advanced as investors trimmed expectatio…

Finance

Fed's Daly: There is a scenario where Fed has to fight inflation

While speaking at a Banco de España conference in Santander, Spain, San Francisco Federal Reserve President Mary Daly said that she doesn't see any signs of a lack of economic resiliency in the US, despite above-target …

Finance

United States Initial Jobless Claims dropped to 215K last week

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 215K for the week ending June 27. The latest …