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USD/CAD Forecast: Rising Oil Prices To Support CAD
Article By:
Yohay Elam
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Monday, June 5, 2023 9:56 AM EDT
Today’s USD/CAD forecast is bearish. The Canadian dollar maintained its strength against the US dollar amid Saudi Arabia’s significant production cut announcement. This caused a more than 1% increase in crude prices.
OPEC+ Meeting Brings Deeper Saudi Cuts
Article By:
ING Economics
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Monday, June 5, 2023 9:24 AM EDT
It hasn't been an easy OPEC+ meeting for members. The group failed to come to an agreement on deeper cuts, but production targets have been set for 2024 and voluntary cuts were extended. The Saudis have also decided to make further voluntary cuts.
Dollar Gains Extended, Oil Steadies At Higher Levels
Article By:
Marc Chandler
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Monday, June 5, 2023 8:32 AM EDT
The US dollar has extended its post-employment gains today, helped by firmer rates and several countries seeing downward revisions from the preliminary May PMI. July WTI gapped higher after the Saudi Arabia announced a cut of 1 million barrels a day.
OPEC+ Discussing 1 Million Bpd Output Cut
Article By:
Tyler Durden
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Sunday, June 4, 2023 8:27 AM EDT
Oil prices were trading up on Friday afternoon as shorts got a little nervous heading into the OPEC+ weekend, with new rumors circulating about the group’s discussions about another 1 million bpd in production cuts.
Turkish Lira Flash Crashes To Record Low On Goldman's Dire Central Bank Outlook
Article By:
Tyler Durden
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Monday, May 22, 2023 2:24 PM EDT
The Turkish Lira briefly tumbled as much as 4.1% to breach past the 20 per US dollar mark for the first time ever amid thin liquidity.
In this article: TUR
Turkey Turns To Crypto Amid High Inflation And Political Instability
Article By:
The Tokenist
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Monday, May 15, 2023 7:28 PM EDT
As a presidential runoff is set for May 28, political and economic instability is funneling failing Turkish lira into the digital asset market. But what kind?
Key Events In EMEA For The Week Of May 15
Article By:
ING Economics
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Saturday, May 13, 2023 4:30 AM EDT
A technical recession is expected to continue in Hungary, and we forecast GDP to drop on a quarterly basis as household consumption shrinks further.
Elliott Wave Technical Analysis: DexCom Inc, May 1
Article By:
Peter Mathers
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Monday, May 1, 2023 7:03 AM EDT
DexCom Inc.broke through confirmation by breaking the green line and we are pulling back as expected. Looking for further upside into wave 3.
In this article: DXCM
Key Events In EMEA For The Week Of May 1
Article By:
ING Economics
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Saturday, April 29, 2023 8:15 AM EDT
Expect the Czech National Bank to keep rates on hold, while activity data in Hungary points to an ongoing technical recession.
The Commodities Feed: Oil Sell-Off Continues Amid Global Uncertainty
Article By:
ING Economics
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Thursday, April 27, 2023 6:19 AM EDT
The sell-off in the oil market continued yesterday despite a constructive US inventory report. Sentiment remains clearly negative and it's hard to see a turnaround until we see some signs of strength in the refined products market.
Global Islamic Indices Gained Over 10% In Q1 2023, Outperforming Conventional Benchmarks
Article By:
S&P Dow Jones Indices
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Tuesday, April 18, 2023 1:34 PM EDT
Regional broad-based Shariah and conventional equity benchmarks had a positive quarter, despite recent volatility in the banking industry.
An Israeli Home With A U.S. Twist
Article By:
S&P Dow Jones Indices
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Sunday, April 9, 2023 7:05 AM EDT
Our new research paper shows that Israeli investors have a greater home bias than other nations: they have invested more heavily in domestic equities and allocated to the U.S. in lower proportions than investors in the U.K., Europe and Canada.
Market Briefing For Tuesday, Apr. 4
Article By:
Gene Inger
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Tuesday, April 4, 2023 2:44 AM EDT
Global finances are in a tizzy, while stocks generally remain firm. Even the brief pullback by big-techs didn't derail the Oil-led scramble to a higher S&P.
