Metals News
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A major championship and a whole lot of money was be awarded at Pinehurst No. 2 as the United States Golf Association announced a record purse for the 2024 U.S. Open. Upping the prize pool by $1.5 million for this year's championship, the USGA will be shelling out a total of $21.5 million after Sunday's festivities. Taking home the largest chunk is two-time ...
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Deutsche Bank AG, London Branch has filed a Complaint against Finepoint Capital LP, Warbler Run I, LLC, and Warbler Run II, LLC. The document, seen by FX News Group, was submitted on June 14, 2024, at the New York Southern District Court. This is an action for breach of contract and breach of the implied covenant of good faith and fair dealing. The parties ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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Large speculators increased short exposure to EUR/USD futures by 19% (22.9k contracts) and trimmed longs by 0.7% (-53 contracts). • Large speculators reached a record level of net-short exposure to CAD futures to strongly suggest a sentiment extreme could be near. • Net-long exposure to GBP/USD increased for a third week, to their most bullish level in ...
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Last Friday night, LME copper opened at $9,722.5/mt, surged to a session high of $9,793/mt in early trading, then fluctuated downward to a session low of $9,705.5/mt, before rebounding and finally closing at $9,772.5/mt, with open interest at 334,000 lots. Last Friday night, the most traded SHFE 2407 copper contract opened at ¥79,410/mt, hit a session high ...
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post: BOJ'S GOVERNOR UEDA: SERVICE PRICES CONTINUE TO RISE MODERATELY, REFLECTING WAGE RISES. post: BOJ'S GOVERNOR UEDA: I WILL SCRUTINISE FX MOVES AND THE IMPACT ON IMPORT PRICES.
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Large speculators increased short exposure to EUR/USD futures by 19% (22.9k contracts) and trimmed longs by 0.7% (-53 contracts). • Large speculators reached a record level of ...
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China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic ...
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China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand. New-home prices in 70 cities, ...
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post: BOJ'S GOVERNOR UEDA: SERVICE PRICES CONTINUE TO RISE MODERATELY, REFLECTING WAGE RISES. post: BOJ'S GOVERNOR UEDA: I WILL SCRUTINISE FX MOVES AND THE IMPACT ON IMPORT PRICES.
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Business activity declined modestly in New York State, according to firms responding to the June 2024 Empire State Manufacturing Survey. The headline general business conditions ...
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post: ECB’S LANE: THE GOAL IS TO HIT 2% IN THE MEDIUM-TERM. post: ECB’S LANE: WE ARE SEEING SIGNIFICANT WAGE INCREASES IN SOME COUNTRIES. post: ECB’S LANE: THERE SOME QUESTIONS THAT INFLATION MOMENTUM WON'T RESOLVE IMMEDIATELY. WE NEED MORE THAN A MONTH OF DATA ON SERVICES INFLATION.
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Gold has been experiencing a pullback from its all-time high of 2,450, breaking below the 50-day simple moving average (SMA). Although the price posted a fresh one-month low on June 7, it has been in a recovery mode since then as the bulls appear to have locked their gaze on the short-term SMA. If the price violates the 50-day SMA, immediate resistance ...
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The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors ...
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In response to increasing investor demand for more cost-effective trading solutions, FP Markets, a global multi-asset Forex and CFD broker, has further reduced its spreads across various trading instruments. Christodoulos Psomas, Head of Risk at FP Markets, expressed his enthusiasm for the move and commented: ‘Through the continuous optimisation of our ...