May 8 2023 🕓 3 min
Was there a speculative short selling on crude oil?
Crude oil keeps very volatile, from -17% to +15%. Was it a speculative short selling, or data-based price move?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
November 26 2022 🕓 3 min
Why is wind energy in Europe in such trouble?
Europe is in an energy crisis and although we are seeing big growth in solar energy, wind energy is not doing so well. Why is that?
November 26 2022 🕓 2 min
Chinese oil giant invests nearly $2 billion in Brazil
China's CNOOC has bought a stake in a production-sharing contract in the huge offshore Buzios oil field in Brazil.
November 25 2022 🕓 3 min
Gold looks ready to re-visit monthly highs
Gold aims towards revisiting monthly highs as Fed hints slower hawkish sentiment. Weaker dollar sends investors to shiny metal safe heaven.
November 25 2022 🕓 3 min
Ghana wants to buy oil with gold instead of the US dollar
Ghana is struggling with declining foreign exchange reserves. Will this move reduce the depreciation of the Ghanaian currency?
November 23 2022 🕓 3 min
Russian oil price cap talks send prices down
Oil trades lower as unofficial talks on Russian oil price cap move the market ahead of the G7 meeting on December 5th.
November 23 2022 🕓 2 min
Belarus wants to increase oil transit fee by 39%
Expecting less oil to be transported through its territory, Belarus is demanding an increase in the fee. Ukraine wants to react similarly.
November 22 2022 🕓 3 min
Oil rebounds after rumors shut by Saudi minister
Tuesday saw a rise in oil prices after top exporter Saudi Arabia indicated OPEC+ was continuing to ensure output cuts are without change.
★ Premium This content is only available for registered users - sign up for free now November 22 2022 🕓 3 min
Gold losses steam and erases gains
After the rocket move from the beginning of the month, gold lost pace and erased gains due to the strong US Dollar.
November 21 2022 🕓 3 min
WTI oil continues last week’s trend on Monday
Oil has fallen by almost 5% since market open on Monday with prices trading at levels not seen since September.
November 20 2022 🕓 2 min
Does Europe have more oil than it needs?
It is possible that we have reached a point where European refineries now have more oil than they need. This is due to fear of shortages.
November 19 2022 🕓 3 min
Are metals ready to extend their rally?
Gold, silver, and platinum failed to move higher after significant price increases. These metals are now at a crucial spot.
November 18 2022 🕓 2 min
UK raises windfall tax on energy companies to 35%
Windfall tax is being introduced in a large number of states. The UK was one of the first and is now increasing its tax.