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Barclays on the risk of $15 jump higher for oil prices

Barclays on the risk of $15 jump higher for oil prices

Barclays analysts suggest that a potential Israeli strike on Iranian oil production or export infrastructure presents a binary risk to the global oil markets. Such an event could shrink the current excess in spare capacity, which has been exerting downward pressure on...

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US stocks close modestly lower in up and down trading

US stocks close modestly lower in up and down trading

Major US stock indices are closing lower day after both the S&P and the Dow industrial average closed at record levels. The final numbers are showing:Dow industrial average -57.92.2 or -0.14% at 42454.18S&P index -11.99 points or -0.21% at 5780.05.NASDAQ index...

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Economic calendar in Asia 11 October 2024 – a light one

Economic calendar in Asia 11 October 2024 – a light one

None of this lot is likely to move major FX much upon release. This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the 'prior' (previous month/quarter as the case...

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BofA: FX flows and positioning analysis for Q3

BofA: FX flows and positioning analysis for Q3

Bank of America analyzes FX flows and positioning at the end of Q3, highlighting a neutral stance on the USD while investors favored long positions in AUD and maintained shorts in CAD, CHF, and SEK.Key Points:Market Positioning:At the end of Q3, the market was neutral...

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