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.”
December 8 2022 🕓 3 min
Gold to $3,000? Saxo Bank says so!
Gold struggles to find serious investors. Nevertheless, the outlook looks promising.
December 8 2022 🕓 3 min
Does the crude oil bloodbath have an end?
The inventories data from the US shows weaker demand for gasoline and crude oil. Black gold sinks under the $73 price tag.
December 7 2022 🕓 3 min
Brent falls to one-year lows as economic situation worsens
The bearish trend in oil could continue in the new year amid global economic slowdown.
December 6 2022 🕓 3 min
Gold remains under extreme short-term pressure
Volatility will probably remain as investors will digest inflation data and the next Fed’s decision.
December 5 2022 🕓 3 min
Oil surges after the decision of OPEC+
Volatility in oil continues, but it looks like the uptrend could resume soon. Traders mostly disregarded the Russian cap threat.
December 2 2022 🕓 3 min
Silver corrects this week’s gains after US jobs data
Today's decline in silver prices might not last long, despite upbeat US data.
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Copper enjoys strong rebound after China news
The price of copper increased by the most in a single month since April 2021. A new copper treating process may bring new inventory.
November 30 2022 🕓 3 min
Oil on a roll – will it close in green again?
US oil is shooting up for the third day in a row as US API Weekly Crude Oil Stock decreases by almost 8 million barrels.
November 29 2022 🕓 3 min
Gold erases losses as China’s Covid cases decline
Gold returns with a jump as China's Covid cases go down. Fed keeps a hawkish outlook which helps the shiny metal maximize its safe haven role.
November 29 2022 🕓 3 min
Silver is another victim of protests in China
The start of the new week was not the best for precious metals. Silver's volatility is above 3,5%. Covid protests in China bring uncertainty into markets.
November 28 2022 🕓 2 min
Italy plans 50% windfall tax for energy firms
Italy plans to impose a one-off windfall tax of 50% on the extraordinary income of its energy companies in 2023.
November 28 2022 🕓 3 min
Oil hits one-year lows as China faces protests
Massive anti COVID-19 protests in China send oil to lowest prices in a year. Uncertainty and politics keep dominating the market sentiment.