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.”
October 20 2022 🕓 3 min
US boosts production of minerals for electric car batteries
US President Joe Biden has allocated $2.8 billion to boost US production of minerals for electric vehicle batteries.
October 19 2022 🕓 2 min
Europe has problems with LNG unloading
Dozens of ships carrying liquefied natural gas (LNG) are circling the coasts of European countries, unable to secure a place to unload.
October 18 2022 🕓 3 min
Suspicious activity on gold’s volume hints the next move
Gold is in a downtrend for several weeks. But suspicious activity has been detected after the US inflation data.
October 18 2022 🕓 3 min
Poland wants to build its first nuclear power plant
Poland is about to build its first nuclear power plant. It sees this as a way out of dependence on coal, to secure electricity supplies.
October 15 2022 🕓 2 min
Positive news for the food market from India
India will allow food processors to import wheat duty-free against a commitment to export flour, which is good news for the market.
October 14 2022 🕓 2 min
US refiners prepare for possible fuel export ban
President Joe Biden has hinted that a ban may be in the works. What would that mean for refiners and the market?
October 13 2022 🕓 3 min
Sugar – why is it getting so expensive in the EU?
Sugar prices in the European Union are almost three times higher than a year ago. Smaller companies in the industry are facing problems.
October 12 2022 🕓 3 min
US considering restrictions on Russian aluminum imports
As part of a possible response to Russia's actions in Ukraine, the US is considering restricting imports of Russian aluminum.
October 10 2022 🕓 3 min
Crude oil’s extreme appreciation – what are the reasons?
OPEC's production cut from last week opened the door to the $90 territory for crude oil. The volume shows a rising appetite for further appreciation.
October 8 2022 🕓 3 min
Zaporizhzhia power plant must run on diesel generators
The 6 reactors at this large Ukrainian power plant have been decommissioned, but still need electricity for cooling. Now they have to supply from generators.
October 7 2022 🕓 3 min
Will gas make Russia and Pakistan allies?
Recently, there has been a lot of discussion about what allies Russia has after invading Ukraine, when Europe and the US turned away from it.
October 5 2022 🕓 2 min
Azerbaijan urges to increase gas pipeline capacity to Europe
Azerbaijan has begun talks with partners to double the capacity of its gas pipelines to Europe. Could this be a lifeline for Europe?