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WTI holds losses near $79.00 amid Middle East peace talks, OPEC+ output expansion
West Texas Intermediate (WTI) crude oil price gains ground after opening with a bearish gap, remaining nearly 7% down to trade around $79.30 per barrel during Asian hours on Monday.
Japan's Katayama says no comment on whether there was FX intervention on Monday
Japan's Finance Minister Satsuki Katayama said on Monday that she has no comment on whether there was foreign exchange (FX) intervention today, Reuters reported.Â
South Korea S&P Global Manufacturing PMI up to 53.1 in July from previous 52.1
South Korea S&P Global Manufacturing PMI up to 53.1 in July from previous 52.1
Japan Jibun Bank Manufacturing PMI registered at 54.5, below expectations (54.7) in July
Japan Jibun Bank Manufacturing PMI registered at 54.5, below expectations (54.7) in July
Japanese Yen softens, traders watch further US-Japan joint currency intervention
The USD/JPY pair recovers some lost ground to near 157.65, snapping the three-day losing streak during the early Asian trading hours on Monday.
Australia S&P Global Manufacturing PMI registered at 52 above expectations (51.7) in July
Australia S&P Global Manufacturing PMI registered at 52 above expectations (51.7) in July
OPEC+ agrees to boost September production by 188,000 barrels per day
The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to boost oil production by 188,000 barrels a day (bpd) from September, against a backdrop of disruption caused by the Mideast war.
Australian Dollar gathers strength to near 0.7050 as Trump cancels Iran strikes
The AUD/USD pair gains ground to near 0.7040 during the early Asian session on Monday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on improved risk sentiment after the reports that US President Donald Trump holds off Iran strikes.
New Zealand Building Permits s.a. (MoM) climbed from previous -4% to -3.6% in June
New Zealand Building Permits s.a. (MoM) climbed from previous -4% to -3.6% in June
Middle East War updates: Trump holds off Iran strikes on pledge Hormuz deal is close
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
US and Israel plan to attack Iran's energy infrastructure – CBS News
CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran's energy infrastructure, said multiple sources.
NZD/USD Price Forecast: Bulls eye 0.6000 after SMA break
The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995.
Forecasting the upcoming week: US labor market takes center stage after hawkish Fed split
The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data.