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 2 2022 🕓 3 min
Oil gains fifth month in a row despite China´s Covid surge
Crude oil gains fifth month in a row. Yet, uncertainties like Covid surge in China and war in Ukraine cause volatility 17,5% this month.
April 29 2022 🕓 2 min
Joe Biden wants $500 million to boost US crop production
President Joe Biden proposes to spend $500 million to encourage American farmers to increase the production of crops.
April 27 2022 🕓 3 min
Gold plunged under 1900$
Concerns from next week's Fed meeting and eased nervousness from presidential vote in France sent gold under 1900.
April 27 2022 🕓 2 min
Poland and Bulgaria without Russian gas
Gazprom has completely stopped gas supplies to Poland and Bulgaria. The reason is the refusal to pay for gas in Rubles.
April 25 2022 🕓 2 min
Gold erased previous week’s gains
This week, gold erased gains from previous week's rally. It's volatility represents -3,24%, and it is not the end of the day yet.
April 19 2022 🕓 3 min
Canadian dollar vs. WTI correlation
Trading commodities is not just about gold, silver, oil or other metals or agricultural assets. It is necessary to have two points in mind.
April 19 2022 🕓 2 min
Germany fears an immediate ban on Russian commodities
While Europe is still considering a ban on Russian energy exports, German businesses and trade unions are joining forces to oppose it.
April 18 2022 🕓 2 min
The problem is moving from Shanghai further into China
China's virus restrictions are spreading from Shanghai to other parts of the country, limiting metal supply chains and reducing demand.
April 17 2022 🕓 2 min
Russian oil industry slows down
The Russian oil industry is already showing signs of slowing down as Western buyers shun Russian oil. Moscow tries to compensate it in Asia.
April 12 2022 🕓 2 min
Gold/Silver correlation remains very positive
Correlation provides hard data of price moves that gives better chance to manage your portfolio.
April 11 2022 🕓 2 min
Food prices are rising to record levels
World food prices hit another record in March. Their index rose by 12.7 percent compared to February. The harvest will be smaller.
April 9 2022 🕓 2 min
EU plans to end coal imports from Russia
This week, the European Commission proposed the fifth package of sanctions against Russia. There is talk of banning coal imports.