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Monday, August 26, 2024

European Markets Wrap-Up | Libya's Al Waha Company says it will start partial reduction in production

Libya's Al Waha Company says it will start partial reduction in production

Libya's Al Waha Company says it will start partial reduction in production, "continued pressure" will lead to complete halt - statement. Oil continues to grind higher on the news with WTI testing clos... 

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WTI extends gains with news that Libya will be stopping all production and exports

Libyan eastern-based government says all oil fields closing down, halting production and exports - statement. Force majeure announced in response to the attempts to takeover the central bank by the Tr... 

Earnings in focus this week again with Nvidia

The poster child of the AI theme is reporting earnings this week, with options markets implying a close to 10% move for Ndivia on their earnings release this week. Given the over 6% weighting in the S... 

Nasdaq Technical Analysis – Rotation into small cap stocks curbed the gains

Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeti... 

Germany received a tip-off about potential Russian sabotage act at a NATO site

Germany received a tipoff from a foreign intelligence service on a possible Russian act of sabotage at a NATO site - NTV has been noted as the source. Apparently the tip-off alleged the potential act... 

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Latest Forex Orders

FX option expiries for 23 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1100 level again. Similar to yesterday, the expiries are likely to help lock price action from fa... 

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