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Monday, July 29, 2024

Asia Market Movers | Oil markets awaiting the results of Venezuela’s presidential election

Oil markets awaiting the results of Venezuela's presidential election

Venezuela's presidential election results are not yet known. Polls began to close on Sunday. The contest is Nicolás Maduro's facing off with opposition candidate Edmundo González. González has been le... 

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Deutsche Bank expect 3 Fed rate cuts in 2024. BoA says just 1

The Federal Open Market Committee (FOMC) meet on the 30th and 31st: statement due at 1400 US Eastern time (1800 GMT) Federal Reserve Chair Powell's press conference follows a half hour later Deutsche... 

USD/JPY drops back from early high above 154.35

Apart from what has been posted there are no fresh catalysts. USD/JPY rose on early demand, said to be mainly from Japanese buyers. The rally coincided with the Japanese morning and into the Tokyo fix... 

PBOC sets USD/ CNY reference rate for today at 7.1316 (vs. estimate at 7.2522)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.... 

Brent crude oil has jumped higher following attack in Middle East that killed 12 children

Horrific news out of the Middle East over the weekend: Distasteful as it is to say at a time like this, this has implications for markets. Oil prices have risen, traders fearing further escalation in... 

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Latest Forex Orders

FX option expiries for 26 July 10am New York cut

There aren't any major expiries to take note of on the day. As such, traders will be left to their own devices again for the most part in the session ahead. USD/JPY volatility will remain a factor, al... 

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