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.”
Audio article September 3 2022 🕓 2 min
G7 agrees to cap Russian oil prices
G7 finance ministers and central bank governors agree to impose a price ceiling on Russian oil and petroleum products.
September 2 2022 🕓 2 min
Gold looked under $1700 level
Determination in the fight against inflation confirms the hawkishness of the monetary policy. Gold reacted negatively and tested a level of $1700.
August 31 2022 🕓 4 min
Electricity prices in Europe exploded above 1,000 euros
While oil and gas prices made headlines in the last months, electricity in Europe is causing many headaches as it surges to all-time highs.
August 31 2022 🕓 3 min
Electricity prices on the German stock exchange fall
The price of electricity on the German stock exchange is falling amid signs that the EU is stepping up efforts to ease the energy crisis.
August 28 2022 🕓 2 min
Germany fills gas storage tanks above the plan
It is more than 82% full. This gives hope to German industry and households that there might not be an acute gas shortage in winter.
August 26 2022 🕓 3 min
Europe’s fertilizer situation is worsening
Fertilizer production is heavily dependent on gas. It is now scarce and expensive, so the situation for fertilizer production is worsening.
August 26 2022 🕓 2 min
Japan returns to nuclear power
Japan has turned away from nuclear power after the Fukushima nuclear power plant disaster. But now it is returning to it again.
Audio article August 24 2022 🕓 2 min
USA has become the largest exporter of LNG
This was helped by record supplies to Europe and Asia due to energy shortages. But the biggest problem is pipeline capacity.
August 22 2022 🕓 2 min
Crude oil is down 30.56% from June’s top
Crude has declined more than 30% in two months. Iran's nuclear deal seems to be very close to an agreement.
August 20 2022 🕓 2 min
Gazprom will shut down Nord Stream 1 again
This time the main pipeline will be closed for 3 days. This is another inconvenience for the whole of Europe, especially Germany.
August 19 2022 🕓 3 min
Swiss gold export soars to 202 tonnes in July
The price of gold is under 1800$ and demand is rising. China's import of Swiss gold was up by 147% in July. Fed remains a big question.
August 19 2022 🕓 2 min
Germany to cut VAT on natural gas from 19% to 7%
The reason for this move is that the German government wants to help consumers at a time when energy is hitting its highs.