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.”
March 21 2023 🕓 3 min
Gold respects $2,000 resistance for now – can it smash through?
Gold could pause its rally as investors now anticipate the Fed’s monetary policy meeting, which can go either way.
March 21 2023 🕓 3 min
Is Fed going to save everyone?
Safe havens gained as Fed is between two hard decisions. Fight the inflation which hurts the whole economy, or save the collapsing markets?
March 17 2023 🕓 3 min
Oil set for the most significant weekly decline in multiple months
A very bearish week for oil is set to end with further losses on Friday. Where can the black gold be heading after the weekend?
March 16 2023 🕓 3 min
Natural gas is rebounding slowly after a few days of losses
Natural gas may yet have the last word as it starts rebounding. Will newly increased US production status keep prices low?
March 15 2023 🕓 3 min
Coal production rises as China is re-opening mines
Coal minig is increasing in China. The Chinese government encourages the miners to produce more as it expects new demand after covid opening.
March 14 2023 🕓 3 min
Oil falls amid rising yields – US inflation is out
It looks like oil could return to the $70s as a large technical formation might signal further losses.
March 13 2023 🕓 3 min
Gold and silver work as safe havens while fear spreads all over
Safe havens such as gold and silver work in the time of bloodbath spreading all over markets. But tomorrow's US inflation can spark even more volatility.
March 10 2023 🕓 3 min
Oil spikes after hot US jobs data
Volatile oil trading was observed after this week’s headline US macro data.
March 9 2023 🕓 2 min
Gold is aiming for direction fueled by jobs data
Traders are fighting for direction as gold awaits crucial jobs data. NFP will shed some light to the future of hiikes.
March 8 2023 🕓 2 min
Silver might be in a good spot – if you look at the bright side
Powell's testimony may bring some good market opportunities. Silver might be one of them.
March 7 2023 🕓 3 min
Natural gas massacred amid warmer forecasts
Natural gas plunged sharply as weather forecasts undermined the recent bullish case.
March 6 2023 🕓 3 min
Crude oil skyrockets above $80
Crude oil has entered the area above the level of $80. China's economic recovery is still crucial for the commodity as nervosity raises.