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.”
June 8 2022 🕓 2 min
India could allow exports of stranded wheat
India, after its ban on wheat exports, has about 1.7 million tonnes of this commodity stranded at its ports. It could now give traders permission to export.
June 6 2022 🕓 2 min
Gold accumulates volume before big macro data
Gold's side move shows the significant accumulation of volume before inflation data at the end of the week.
June 6 2022 🕓 2 min
Saudi Arabia has increased oil prices again
Oil prices reached $120 a barrel after Saudi Arabia raised oil prices for July. At the same time, there will be an increase in production.
June 3 2022 🕓 3 min
OPEC as the market mover
Oil price shows big volatility this week. OPEC is one of the main market movers in the commodity markets by boosting oil production.
June 2 2022 🕓 2 min
UK approves huge gas drilling project
British officials have given final approval for Shell's Jackdaw gas field development in one of the largest North Sea projects in decades.
June 1 2022 🕓 3 min
Netherlands and Denmark to stop taking gas from Russia
The Dutch gas company GasTerra will stop taking gas from the Russian gas company Gazprom. Supply interruptions are also expected in Denmark.
May 30 2022 🕓 3 min
Gold accumulates volume around support level
Gold breached above resistance level and accumulates volume. Despite this, this month's performance is -2.54%.
May 29 2022 🕓 2 min
G-7 countries take steps towards cleaner energy
The top environment ministers of the G-7 countries have agreed to end government funding for international coal-fired power generation.
May 27 2022 🕓 2 min
Oil gained as a tight market remains
The price of crude oil went sharply up thanks to fundamentals, which points to tight market before summer.
May 25 2022 🕓 2 min
Britain wants to help Ukraine with grain exports
Britain is looking for ways to help Ukraine with its grain exports, which cannot leave the country by the usual shipping route.
May 23 2022 🕓 2 min
Gold breaks downtrend pattern
After a month long downtrend on gold, first disruption occurred. Price went up and left important supports behind.
May 23 2022 🕓 2 min
Indonesia resumes palm oil exports
Indonesia has allowed palm oil exports to resume from Monday after a three-week ban, but it will be subject to major conditions.