Vienna, final decision: May the 25th, and the meeting in Vienna, is crucial date for Oil market. The day when everything is going to be way more clear. Also the day when OPEC will again show that despite all the concerns and all the market fuss it still holds the power over Oil Market; […]
Economic Events: Canada Core Consumer Price Index (CPI) MoM at actual 0.3% Canada Core Retail Sales MoM came to actual -0.1% while forecast was -0.3% SHFE Today Observing the copper prices this morning, they were pretty stronger on SHFE. Asia morning trading on Friday May 19 was following positive Chinese economic data and a […]
Firstly, Donald Trump is visiting Saudi Arabia this Saturday. The Saudi Aramco is going to conclude deals with 12 United State’s companies during this visit. Secondly, Saudi Aramco plans to push and develop the local workers and manufacturing in all the possible ways. According to sources, this is part of Saudi Aramco’s plan to develop […]
TOP 5 events in Today’s Market: More Trump drama as White House turmoil deepens Dollar struggles to recover from worst day in almost a year Global stocks extend slump amid Trump jitters Oil slides as investors weigh U.S. drilling, extended OPEC cuts British pound rises above $1.30 for first time in 8 months For further […]
Industrial metals complex There is so much difference in individual metals. Observing the supply data, it is actually the demand side of the fundamental ledger that has dulled the metals’ shine. The most interesting part is that China is impacting the whole market with its ”metal operations.” As the last year metals were caught out […]
Growing oil output in Libya and Nigeria is causing worries on OPEC’s ability to boost up crude prices. Also, constant conflicts in the two nations might possibly keep a cap on their output. Libya’s production came at levels higher than 800,000 bpd. It is the first time since 2014. Back then the civil war broke out. In the meantime, […]
17 May, Wednesday: You should know about Today’s Market: Concerns over Trump dominate headlines Fed rate hike bets continue to recede Dollar continues decline, gold strengthens on stimulus delay concerns Global stocks shift to risk-off mode on Trump worries Oil slips on crude inventory build For further info on these subjects, visit: http://www.investing.com Iran’s Oil According […]
Economic Calendar Today: United Kingdom Average Earnings Index + Bonus rose to actual 2.3%, while forecast was 2.2% UK Claimant Count Change. It came to 25.5K while the expected was -3.0K European Consumer Price Index (CPI) y-o-y rose to actual 1.9% while the expected was 1.8% United States Crude Oil inventories at -0.930M, while the […]
All the Oil producing countries which have a deal with OPEC, along with Russia, can extend their deals. But at the same time this will be a green light for United States oil producers. If the price oscillates following levels between $50 and $60, these are the great news for the U.S. oil drillers. They […]
LME Today: Metals prices on the LME slightly declined during morning trade today. Prices were down for an average of 0.6%. Recollecting the positive Monday, that had closing prices up for about 0.3%. Nickel had a fall of 1.7%, but the average gain would have been 0.6% led by a 1.2% rise in aluminium price. […]