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    quotations analysis

    12 June 2024
    Oil prices rise on falling US inventories and higher global demand forecasts 

    Key Points:  Brent crude oil rises to $82.32 per barrel, and WTI rises to $78.42 per barrel.  US commercial crude oil inventory fell by 1.2 million barrels last week.  EIA raises the 2024 global oil consumption growth forecast by 200,000 …

    12 June 2024
    Japanese yen hovers at lows with hotter producer inflation and BOJ speculations 

    Key Points:  Japanese yen holds around 157.2 per dollar, despite stronger-than-expected producer inflation.  Producer prices in Japan rose 2.4% year-on-year in May 2024, the highest since August last year.  The market awaits the policy decision of the Bank of Japan …

    12 June 2024
    Tesla (TSLA) stock falls while market gains

    Key points: Tesla shares fell 1.8% to $170.66. Expected quarterly earnings decline of 34.07%. Tesla’s stock ended the latest trading session at $170.66, down 1.8% from the previous day’s close. This decline occurred despite the S&P 500 gaining 0.27% and …

    12 June 2024
    Wheat rises on Russian weather concerns; Corn declines

    Key points: Wheat futures rise 0.1% to $6.27 a bushel. Soybeans flat at $11.78 a bushel; corn dips 0.1% to $4.49-1/4 a bushel. Chicago wheat futures extended their climb on Wednesday, adding to the previous session’s strong gains. The market …

    11 June 2024
    Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper 

    Key points:  Most base metals fell on Tuesday due to a weaker Chinese yuan (CNY) and high physical inventories.  Copper fell 0.5% to $4.47 per pound.  High inventories and weak demand continued to pressure base metal prices.  Base metals experienced …

    11 June 2024
    Gold prices tumble against strong US jobs data and rate cut uncertainty 

    Key points:  Gold prices fell 4.5%, dropping below $2,300 per ounce after strong US jobs data.  Non-farm payrolls surged to 272,000 in May, far exceeding expectations.  Upcoming US inflation data and Fed interest rate decision will determine market sentiment.  Gold …

    11 June 2024
    Asian assets cautious ahead of US CPI data and Fed meeting

    Key points: Indonesian rupiah at lowest level in 4 years Taiwan stocks jump to a record high US CPI data and Fed policy meeting due on Wednesday Emerging Asian markets were finely balanced on Tuesday as traders awaited the release …

    11 June 2024
    Aussie and kiwi weaken as U.S. risk events loom

    Key points: Australian and New Zealand dollars slip ahead of Fed meeting and U.S. inflation data. Support for Aussie dollar at $0.6580 and kiwi dollar at $0.6080. The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared …

    10 June 2024
    Indonesian Rupiah hits 4-year low; Other Asian forex dip before key data

    Key points: Indonesian Rupiah reaches a four-year nadir, influencing broader trends in emerging Asian currencies. Jakarta stocks descend to their lowest point since November 2023, amid regional market pressures. The Indonesian Rupiah marked a new four-year low on Monday, declining …

    10 June 2024
    Euro hits one-month low following Macron’s snap French election call

    Key points: Euro drops sharply due to political uncertainties in France and a strong U.S. job report. Dollar strengthens, supported by expectations of delayed rate cuts by the Federal Reserve. The Euro experienced a decline, reaching a one-month low, as …