Chile central bank says objective is to change the composition of the bank’s international liquidity sources, increasing the proportion of its own reserves Measure is part of a financial management strategy that aims to gradually replace part of the current credit lines in foreign currency with its own international reserves Program will be activated on … Read more
The headline Services PMI eased to 50.1 from 50.8 in June, signaling marginal expansion. However, weakness was broad-based, with seven of 10 components falling and the largest declines in imports (-5.8 to 45.9) and new export orders (-3.2 to 47.9) — both slipping into contraction, reflecting tariff-related trade headwinds. While prices surged to their highest … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
The price of crude futures are settling at $65.16 which is is down $-1.13 or -1.7% on the day. This article was written by Greg Michalowski at investinglive.com. fbs.mobi
The NZDUSD is modestly lower today, testing the low of a key swing area between 0.5882 and 0.5892. This zone sits just above the 38.2% retracement of the April–July rally at 0.5877. The pair is currently trading at 0.58975. The inability to break below that 38.2% retracement is a positive technical sign, even though price … Read more
Bloomberg is reporting that: Russia is reportedly weighing Ukraine air–truce offer to Trump on war. Pres. Trump is putting pressure on nations that import oil from Russia as a way to squeeze their economy even further. Trump this morning on CNBC said that lower oil prices is a path to peace as Russia cannot sustain … Read more
The German DAX rose by 0.42% and is the biggest gainer in the European equity market. France’s CAC was the worst performer. The other major indices rose modestly. A snapshot of the closing levels shows: German DAX, +0.42% France’s CAC -0.14% UK’s FTSE 100 +0.16% Spain’s Ibex +0.15% Italy’s FTSE MIB +0.11%. As London/European traders … Read more
After increasing the crude oil production target by 548,000 barrels per day for August, OPEC+ countries have now agreed to increase production by another 547,000 barrels per day starting in September. This move will effectively reverse the production cuts implemented in early 2023, which totaled 2.2 million barrels per day. What is striking is that … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
