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.”
September 20 2022 🕓 3 min
Gold traders await Fed’s decision of the year
This week's Fed rate decision could bring higher volatility. A possible 100 bps rate hike could spark a massive sell-off.
September 19 2022 🕓 2 min
China doubles its gasoline exports
China's gasoline exports rose nearly 100% year-on-year in August. Refineries took advantage of new export quotas.
September 18 2022 🕓 2 min
Europe can get Russian gas through Nord Stream 2
President Vladimir Putin says that Russia is not to blame for the energy crisis in Europe. Gas can once again flow through Nord Stream 2.
September 15 2022 🕓 2 min
US accelerates development for offshore wind expansion
The US wants to supply 5 million homes with floating offshore wind by 2035. The move is part of a plan to protect the climate.
September 15 2022 🕓 3 min
EC to limit revenues of electricity producers
The European Commission is proposing to limit the income of non-gas electricity producers, who have recently made large profits.
Audio article September 14 2022 🕓 3 min
Nuclear the new coal – US plans to transform its coal plants
Will the US be able to use the space of its coal-fired power plants to house nuclear reactors? Let's take a closer look at this topic.
September 13 2022 🕓 2 min
Gold gains due to weaker US Dollar
The US Dollar index weakens by more than 0.7% this month. It helps gold to correct losses from last month. Volatility persists with inflation data ahead.
September 12 2022 🕓 2 min
Hungary rejects capping of Russian gas prices
According to Hungary, the move is contrary to their interests. It would lead to an immediate cutoff of Russian gas supplies.
September 11 2022 🕓 3 min
More help for Ukrainian grain exports?
The French transport minister said he would sign an agreement with Romania to help increase Ukrainian grain exports.
September 10 2022 🕓 2 min
Nigeria’s oil exports lowest since 1990
Weak exports reflect low production in the country. This is worsening due to underinvestment and theft from oil pipelines.
September 8 2022 🕓 3 min
India significantly reduces rice exports
The world's largest exporter of rice has banned exports of broken rice and increased duties on various other types of this commodity.
September 6 2022 🕓 2 min
OPEC+ unexpectedly cut oil’s output
OPEC+ reversed course and lowered supply by 100 000 barrels a day for the next month. Crude attacked $90 level.