Month: September 2019

Uninspiring data from China revive concerns over energy demand outlook. Tensions in the Middle East ease to further weigh on crude oil prices. Russia’s Novak says September oil output reduction totalled 200,000 barrels per day. Crude oil prices started the week under pressure after the uninspiring data from China reminded investors of the potential negative
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The Pound Sterling edged higher in London trading, regrouping after last week’s losses. Mixed economic news, including some improvement in GDP, may have helped push the Pound higher, though analysts confirm reaction remains muted. The Office of National Statistics in the UK reported that 2nd quarter GDP improved to 1.3% on an annualized basis, slightly
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OANDA Senior Market Analyst Craig Erlam previews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week they discuss the attempt to impeach US President Donald Trump, calls for Boris Johnson to resign after being found to have acted unlawfully by the Supreme Court, oil and the key data
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Dollar Steady The US dollar has started the week on a slightly softer note with the USD index trading in the red over the European morning on Monday. News over the weekend of potential US capital limits on Chinese companies is the first headline of the week. However, the US administration denied the rumors and
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Investors shrug off latest US threats It’s been a steady start to trading on Monday, as investors weigh up recent trade war reports and eye events later in the week. Source – Thomson Reuters Eikon The opening hours of the week have been data heavy but there hasn’t exactly been any knockout releases, with many of
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