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8 Jan 2020

Saudi tanker giant Bahri suspends transit through Strait of Hormuz – WSJ

Saudi Arabian tanker giant Bahri has suspended transits through the Strait of Hormuz, the Wall Street Journal said on Tuesday. According to the report, other major tankers including Petrobras have suspended sailing through the Strait as well.

Oil largely ignored this headline as it was largely expected following Iran's retaliation attack on the US military bases located in Iraq. As of writing, the barrel of West Texas Intermediate was trading at $63.75, adding 0.15% on a daily basis. Markets are now waiting for US President Trump to make a statement.

Jan 8, 2020

AUD/USD faces solid support around 0.6820 – UOB

In view of FX Strategists at UOB Group, AUD/USD risks extra downside pressure although the 0.6820 level should emerge as a tough support in the near-t
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Jan 8, 2020

BoJ to raise its fiscal 2020 economic growth forecast at January policy meeting – Reuters

The Bank of Japan (BoJ) is expected to raise its growth forecast for the fiscal year ending in April following the government's latest stimulus, Reute
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