AUDUSD on the Verge of Breakdown
AUDUSD bounced from a mid-October low of 0.6767
yesterday and struggled for direction on Wednesday, with the downside
bias still prevails in the daily charts. The pair extends the...
Bitcoin Looks Attractive for Long-Term Investors
After a long losing streak, Bitcoin seems to have found a local bottom and tries to make a bounce from multi-month lows registered around $6,500 on...
Italy’s UniCredit to exit thermal coal financing by 2023
Italian bank UniCredit has pledged to halt all lending for thermal coal projects by 2023, joining a growing band of financial companies striving to improve their green credentials....
EURUSD Could Extend the Bearish Trend
EURUSD has been trading inside the narrowing range, with downside bias persisting, both in the short-term and the weekly charts. The pair struggled to get back above...
China’s crypto boom is expected to be less ‘fragmented’ as government backs blockchain efforts
Industry experts are expecting a much less fragmented cryptocurrency boom in China, compared to other parts of the world, with President Xi Jinping’s government recently backing digital currency initiatives.
Japan’s yen gains, yuan down on trade woes, Hong Kong strife
The Japanese yen firmed against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, shattering...
OPEC, OPEC+ will extend deal to cut oil output: PAJ head Tsukioka
Petroleum Association of Japan President Takashi Tsukioka said on Thursday that OPEC and other producers are likely to agree to extend an existing deal to cut oil output by...
Oil prices extend losses on supply, trade war fears
Oil prices slipped for a third day on Wednesday as a surge in U.S. stockpiles reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement...
ConocoPhillips targets $50 bln of free cash flow over next decade
ConocoPhillips unveiled its 10-year plan on Tuesday and said it would target free cash flow of about $50 billion with annual capital expenditures averaging less than $7 billion over...
Sterling down slightly, but traders remain hopeful of a Conservative Party majority
Sterling was slightly weaker on Tuesday, though not far from a six-month high versus the euro, as traders remained broadly of the view that the ruling Conservative Party...
