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SYMBOL
LAST
ASK
BID
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6970.79
6970.79
6970.79
6978.62
6905.86
+38.49
+ 0.56%
--
DJI
Dow Jones Industrial Average
50144.80
50144.80
50144.80
50219.40
49837.45
+29.14
+ 0.06%
--
IXIC
NASDAQ Composite Index
23263.25
23263.25
23263.25
23314.67
22878.37
+232.04
+ 1.01%
--
USDX
US Dollar Index
96.740
96.820
96.740
97.600
96.670
-0.780
-0.80%
--
EURUSD
Euro / US Dollar
1.19114
1.19121
1.19114
1.19264
1.18094
+0.00971
+ 0.82%
--
GBPUSD
Pound Sterling / US Dollar
1.36792
1.36805
1.36792
1.36908
1.35861
+0.00742
+ 0.55%
--
XAUUSD
Gold / US Dollar
5052.30
5052.73
5052.30
5080.62
4964.41
+86.26
+ 1.74%
--
WTI
Light Sweet Crude Oil
64.339
64.369
64.339
64.676
62.468
+1.029
+ 1.63%
--

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Federal Reserve Governor Waller: Details Of The Cryptocurrency Bill Appear To Be Stuck On Capitol Hill

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White House: United States And Bangladesh Commit To Address Bangladesh's Non-Tariff Barriers

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USA To Turn Over Senior NATO Command Posts In Naples, Italy And Norfolk, Virginia To European Allies - Military Source

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Descartes: US Container Imports Fell 6.8% In January, But Result Points To More Normalized Trade

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ICE New York Cocoa Futures Fall Nearly 5% To $3995 Per Metric Ton

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European Defense Stocks Generally Rose, With Renk Group Closing Up 5.68% And Thales Up 4.17%. Wisdomtree Europe Defence Ucits ETF (Eudf.Gy), Listed In Germany, Closed Up 2.94%. Future Of Defence Ucits ETF (NATO.Ln), Listed In London And Also Involved In Defense Stocks, Closed Up 2.36%

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New York Fed Accepts $1.306 Billion Of $1.306 Billion Submitted To Reverse Repo Facility On Feb 09

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Buckingham Palace: If We Are Approached By Police We Stand Ready To Support Them

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[Russian Deputy Foreign Minister: Russia And The US Have Not Reached Consensus On A New Strategic Arms Reduction Treaty] On February 9, Russian Deputy Foreign Minister Sergei Ryabkov Stated That Russia And The United States Have Not Reached Any Agreement On Negotiations For A New Strategic Arms Reduction Treaty. He Noted That Russia Has Taken Note Of A Series Of Recent Statements From The US, Including High-level Declarations. There Is Currently No Reason To Discuss Initiating Such Negotiations

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LME Copper Rose $182 To $13,176 Per Tonne. LME Aluminum Rose $40 To $3,126 Per Tonne. LME Zinc Rose $30 To $3,376 Per Tonne. LME Lead Rose $10 To $1,970 Per Tonne. LME Nickel Rose $259 To $17,349 Per Tonne. LME Tin Rose $2,380 To $49,098 Per Tonne. LME Cobalt Was Unchanged At $56,290 Per Tonne

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[IMF Chief Downplays Dollar's "Short-Term Fluctuations," Says Dollar's Role Unlikely To Change In The Short Term] The Head Of The International Monetary Fund (IMF) Downplayed The Dollar's Decline Over The Past Year, Saying The Dollar Is Likely To Maintain Its Dominant Position. "We Should Not Be Swayed By Short-term Fluctuations In Exchange Rates," Said IMF Managing Director Kristalina Georgieva. "I Believe The Dollar's Role Is Unlikely To Change In The Short Term." She Pointed Out That People "should Think Deeply About Why The Dollar Plays Such An Important Role In The International Monetary System," Citing "the Depth And Liquidity Of The US Capital Markets, The Size Of The Economy, And The Entrepreneurial Spirit Of The United States."

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“De Beers Sale Process Would “Almost Certainly” Result In Government Of Botswana Taking A Greater Ownership Stake In De Beers- Anglo American CEO To Ft

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Russell 2000 Index At Over Two-Week High, Last Up 0.9%

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Bangladesh Chief Adviser Muhammad Yunus: The United States Has Pledged To Establish A Mechanism That Would Allow Certain Textiles And Garments From Bangladesh To Enjoy Zero Tariffs In The United States

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EU Proposes To Add Russia's Listed Oil Company Bashneft In New Sanctions Package, EU Document Shows

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Bangladesh Chief Adviser Muhammad Yunus: Bangladesh, US Sign Reciprocal Tariff Agreement

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EU Proposes To List Eight Russian Oil Refineries, Including Tuapse, In 20Th Package Of Sanctions, Eeas Document Shows

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European Central Bank Governor Lagarde: In The Current Uncertain Environment, Our Data-Dependent, Meeting-By-Meeting Approach To Monetary Policy Serves US Well

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European Central Bank Governor Lagarde: We Expect Inflation To Stabilise Sustainably At Our 2% Medium Term Target

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In The Past 24 Hours, The Marketvector™ Digital Asset 100 Small Cap Index Has Remained Largely Unchanged, Currently At 2700 Points. The Marketvector™ Digital Asset 100 Mid Cap Index Has Fallen 0.84% ​​to 2758.06 Points. The Marketvector™ Digital Asset 100 Index Has Fallen 0.32% To 2693.81 Points, Continuing Its Downward Trend From 14:00 To 19:00 Beijing Time. Solana Has Fallen 1.15%, Dogecoin Has Fallen 1.43%, And XRP Has Risen 0.92%. Bitcoin Has Fallen 1.23% To $70,069, And Ethereum Has Fallen 0.80% To $2093.44

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FOMC Member Hammack Speaks
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Q&A with Experts
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    john flag
    Jamolla
    Central bank demand doesn’t care about intraday levels though
    @Jamolla price does though we need to see a close above 5100 before we see a rally towards 5200
    john flag
    and I see buying opportunity at the current price
    SMART FX flag
    SMART FX
    XAUUSD BUY NOW 5055 5060 5065 SL 5040
    Entry 5055 TP 5060 5065 5070 SL 5045
    "SMART FX" recalled a message
    john flag
    SMART FX
    @SMART FXRSI at 59 isn’t screaming urgency. Plenty of room to fake out
    Jamolla flag
    Dollar weakness has been doing a lot of the heavy lifting right now.
    SlowBear ⛅ flag
    SMART FX
    @SMART FX Okay bro, i just like to a clarified signal - no blindside
    john flag
    Jamolla
    Dollar weakness has been doing a lot of the heavy lifting right now.
    @JamollaYeah, and the daily chart staying above all bullish MAs is constructive.
    Jamolla flag
    the Fed tone matters more this week with NFP and CPI coming.
    EuroTrader flag
    Jamolla
    the Fed tone matters more this week with NFP and CPI coming.
    @JamollaYeahh. This week the results of these numbers would actually st the Fed tone. If it's gonna be dovish or hawkish
    EuroTrader flag
    Jamolla
    the Fed tone matters more this week with NFP and CPI coming.
    @JamollaThe next FOMC would be in March and the next NFP and CPi numbers would determine of the fed would be cutting rates or not
    EuroTrader flag
    Jamolla
    Dollar weakness has been doing a lot of the heavy lifting right now.
    @JamollaI didn't really see the weakness coming. What i was actually leaning on was a potential strength in the United states dollar today
    john flag
    Jamolla
    the Fed tone matters more this week with NFP and CPI coming.
    @JamollaIf NFP comes soft, 5,100 won’t hold for long. We’d grind higher
    Jamolla flag
    EuroTrader
    @EuroTraderWhat I like is gold rising even with risk sentiment not fully risk-off.
    Jamolla flag
    EuroTrader
    @EuroTraderAnd this divergence usually precedes continuation
    Abraham Ad flag
    i'm back guys
    Jamolla flag
    The $,400 bottom earlier this month felt like strong demand confirmation.
    EuroTrader flag
    Jamolla
    @JamollaYeahh .despite the risk in sentiment gold is still rising which tells us that what's happening to the USD is more than rush sentiment
    EuroTrader flag
    Jamolla
    @Jamollathe effects of the poor job numbers last week are finally kicking in gradually
    EuroTrader flag
    Jamolla
    @JamollaYou know the job numbers were poor last week but the USD continued higher
    Type here...
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          Oil Prices Rebound After Two Straight Days of Losses Amid Demand Concerns

          Owen Li

          Commodity

          Summary:

          Brent has lost about 9 per cent of its value so far this year.

          Oil prices rebounded on Thursday following two straight days of heavy losses amid rising Covid-19 cases in top crude importer China and growing concerns of a global economic slowdown.
          Brent, the benchmark for two thirds of the world's oil, was 1.17 per cent higher at $78.75 a barrel at 9.12am UAE time, while West Texas Intermediate, the gauge that tracks US crude, was up 1.24 per cent at $73.74 a barrel.
          Both benchmarks fell more than 5 per cent on Wednesday after exceeding 4 per cent declines the day before.
          China, the world's second-largest economy, is grappling with its first national Covid wave, after the easing of its zero-tolerance approach last month.
          Oil Prices Rebound After Two Straight Days of Losses Amid Demand Concerns_1Earlier this week, the International Monetary Fund's managing director warned that a third of the world's economies may slide into a recession this year.
          US crude oil stocks rose by 3.3 million barrels last week, while gasoline stocks jumped 1.2 million barrels, according to market sources citing data from the American Petroleum Institute.
          The indicator, which shows the level of oil and product stored, gives an overview of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices.
          Minutes from the Federal Open Market Committee's December meeting showed that the US Federal Reserve would continue to fight inflation and warned that "an unwarranted easing in financial conditions … would complicate the committee's effort to restore price stability".
          "Near-term anxiety over the scale of Covid-19 infections in China is weighing against an otherwise bullish market outlook," Edward Bell, a senior economist at Emirates NBD said in a research note on Thursday.
          Futures have seen a sharp decline since the start of 2023, as investors continue to worry about China and the growing possibility of a recession. Based on current prices, Brent has lost about 9 per cent of its value since December 30.
          Officials also acknowledged that they had made "significant progress" in moving towards a "sufficiently restrictive" stance of monetary policy, according to a statement on the central bank's website.
          Last month, the Fed raised its interest rates by 50 basis points to curb inflation that hit a four-decade high in June 2022 and indicated that more increases are planned this year.
          The Fed raised interest rates seven times in 2022.
          The next FOMC meeting will take place on January 31 and February 1, with markets expecting an increase of 25 basis points.
          On Wednesday, Swiss bank UBS said it expects Brent to trade at $110 a barrel in mid-2023, while WTI is estimated to average $107 a barrel.
          China's reopening may result in oil demand hitting a "record high" in the second half of this year, the Swiss lender said in a research note.
          "Meanwhile, Russian oil production should fall in 2023 due to the European Union's embargo on Russian crude and refined products," UBS strategists said.
          An increase in production outside the Opec+ group of countries is expected to be modest, given years of underinvestment in new oil and gas projects, they said.
          In its December oil market report, the International Energy Agency increased its global oil demand growth estimate for 2023 based on rising crude consumption in India, China and the Middle East.
          The IEA expects oil demand to grow by 1.7 million barrels per day in 2023, up from its previous estimate of 1.6 million.

          Source: The National News

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