EUR/USD
1.20239
-0.127%
Gold
5164.09
-0.282%
Oil
62.470
0.069%
USD/JPY
152.425
0.165%
GBP/USD
1.38276
-0.148%
GBP/JPY
210.773
0.042%
Real-time News
On January 28th, according to foreign media reports, copper futures on the London Metal Exchange (LME) fell, dropping below the $13,000 mark, as investors took profits and awaited the Federal Reserves next interest rate move. Meanwhile, tin prices hit a record high. Traders said some profit-taking occurred in the market, leading to the price decline. Analysts said that copper prices had previously risen sharply and are still at high levels, so its not surprising that some investors locked in profits. However, the fundamentals have not changed substantially; inventories remain tight, and supply constraints persist. Traders said that tin is often used in solder along with silver, and its price may follow the rise in silver prices.US President Trump: I will announce the Federal Reserve Chair soon.U.S. 10-year Treasury futures fell 3 points, and U.S. 30-year Treasury futures fell 18 points.On January 28th, Woodside Energy, an Australian energy giant, reported a 13% drop in fourth-quarter revenue, impacted by continued declines in global crude oil prices and decreased demand on Australias east coast. The company reported revenue of $3.04 billion for the quarter ending December 31st, down from $3.48 billion in the same period last year, but higher than Visible Alphas forecast of $2.84 billion.On January 28th, U.S. Trade Representative Greer stated that India still has much to do to alleviate U.S. concerns about its purchases of Russian oil and to secure tariff reductions. Greer said that while New Delhi has made "significant progress" in curbing its Russian oil purchases, "its difficult for them" to completely stop buying Russian oil because "they like the discounts they get from Russian oil." Greer said, "Im in frequent contact with my counterparts in India. We have a good working relationship, but at this point, they still have a long way to go." These comments indicate that an agreement to reduce U.S. tariffs on Indian goods remains a distant prospect. U.S. and Indian officials have been negotiating for months regarding reducing the 50% tariffs imposed by Trump.
