Oil News: Bearish Oil Outlook as Futures Eye $65.75 Amid Lower Global Demand.Crude oil futures dip near $69.21, threatening further declines as bearish trends dominate the market. OPEC's lowered demand forecast adds downside pressure.
Pound gets a boost from UK consumer spending.The pound rallied by as much as 0.5% on Friday, after data showed UK consumer spending was surprisingly strong last month, offering some reassurance about the strength of the economy, although the currency was still set for its third weekly drop.
Crude Oil consolidates negative week as geopolitical tensions abate.Crude Oil found a floor earlier this week and stabilizes above the $70.00 level on Friday, although the lifespan could be minimal, seeing the last headlines. Overnight data revealed that China's steel output and Oil refining continued to slump in October.
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2024-10-18
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18:28:42
日本Japan
美元/日元:有机会升至151.00–大华银行集团。美元(USD)可能在149.40/150.35区间交易。从长远来看,势头略有改善;大华银行集团外汇分析师Quek Ser Leang和Peter Chia指出,美元是否会升至151.00还有待观察。
USD/JPY: Has a chance to rise to 151.00 – UOB Group.The US Dollar (USD) is likely to trade in a 149.40/150.35 range. In the longer, momentum has improved slightly; it remains to be seen if USD could rise to 151.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia notes.
GBP: Cable can slip to 1.28 – ING.September's better-than-expected UK retail sales data, which comes on the heels of decent August growth, is another sign that the economy is still performing relatively solidly, ING's FX analyst Francesco Pesole notes.