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.”
May 21 2022 🕓 2 min
Technical analysis of crude oil – what has happened?
The influence of fundamentals on crude oil cause high volatility in the markets and left several areas as subjects of interest.
May 19 2022 🕓 2 min
The World Bank will try to help with solving the food crisis
The World Bank has announced that it will provide $30 billion to help address the food crisis threatened by Russia's war in Ukraine.
May 16 2022 🕓 3 min
Gold is in decline for a month
Yellow metal is in decline for a month. And guessing the low of this downtrend does not seem as a reliable strategy.
May 14 2022 🕓 3 min
India bans wheat exports
After consumer prices rose to an eight-year high in April, the government decided to ban all wheat exports.
May 13 2022 🕓 3 min
Turbulent week on commodity markets
Precious metals reacted to higher than expected inflation data. Crude oil affected by EU ban and Covid situation in China.
May 12 2022 🕓 2 min
Germany is trying to negotiate gas supply terms with Qatar
As part of the process of getting rid of Russian gas, Germany has decided to negotiate with Qatar for the supply of liquefied natural gas.
May 9 2022 🕓 3 min
Gold tests support levels
Fed's monetary policy sparks big volatility in the markets, while gold falls to support levels. Big inflation data are awaited on Wednesday.
May 8 2022 🕓 2 min
Africa as a new source of the world’s metal?
The whole world is dealing with a shortage of metals. But now developed countries must start looking for more risky new deposits.
May 7 2022 🕓 2 min
Oil continues in surge after EU ban talks
Oil continues in price surge after EU ban talks on Russian oil, which are planned as part of sanctions toward this country.
May 6 2022 🕓 3 min
Russian gas and NATO joining number 1 topic in Finland
Finland is braced for the possibility that it could be next on Russia's list of countries to cut off gas supplies to European Union members.
May 5 2022 🕓 2 min
EU wants to ban Russian oil imports by the end of the year
The EU proposes to ban all oil imports from Russia by the end of this year. However, some countries are opposed and demand at least more time.
May 2 2022 🕓 2 min
Gold awaits Fed’s decision
The Fed week is here. One of the most important data will be revealed, which could move the Gold price significantly.