Mon, October 03, 2022
OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

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OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

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OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize

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FOREX NEWS

FOREX NEWS

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Chinese Yuan fell on Tuesday. What about Aussie and Kiwi?

How Is PBOC Warning Shaping the Chinese Currency Market?

After the central bank warned against speculative trading and large one-way bets on the currency, the Chinese yuan rebounded Thursday from a 14-year low versus the dollar reached in the previous session, ending eight days of losses. The People’s

The Dollar Falls As The Yield Curve In The U.S. Flattens

Sterling Sinks Further Down While the Dollar Surges Higher

Early on Thursday in European trade, the U.S. dollar continued its upward trend as sterling fell as the relief rally triggered by the Bank of England’s intervention in the bond market fizzled out. The Dollar Index, which measures the

Yuan

The Yuan Declines as Asian Equities Fall Even Further

Most Asian currencies modestly increased on Tuesday as the dollar’s run below 20-year highs halted. At the same time, the Chinese yuan declined to a new two-year low. The Singapore dollar increased by 0.2%, while the Japanese yen and

The British Pound fell on Thursday. What about the Aussie?

British Pound at A Record Low

As local Treasury rates rose on Tuesday, the British pound rose from record lows. Attention is now firmly fixed on prospective policy moves by the Bank of England (BoE) to stabilize local currency markets. After falling to a record

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source

Gold and other precious metals

Gold Moves Below The $1,650 Threshold

Following a remarkable recovery from multi-year lows, gold prices slightly declined on Thursday as investors remained cautious of a further rise in the currency and Treasury rates. By 19:35 ET, spot gold prices were down 0.3% to $1,655.86 per

Oil

Oil Finally Recovers from Months Low

The oil price increased by around $2 per barrel on Tuesday from a nine-month low, helped by supply restraints in the American Gulf of Mexico ahead of Hurricane Ian and a weakening of the currency from its highest point

Oil prices and tensions

Oil Prices at An 8-Month Low

Following a steep decline last week, oil prices remained close to eight-month lows on Monday as investors worried that a weakening global economy would reduce demand for petroleum. By 21:30 E.T., U.S. West Texas Intermediate futures were steady at

BROKER NEWS

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source estimated the likely number was closer to 500,000 BPD earlier

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source estimated the likely number was closer to 500,000 BPD

Gold and other precious metals

Gold Moves Below The $1,650 Threshold

Following a remarkable recovery from multi-year lows, gold prices slightly declined on Thursday as investors remained cautious of a further rise in the currency and Treasury rates. By 19:35 ET, spot gold prices were down 0.3% to $1,655.86 per ounce, while gold futures were down 0.3% to $1,664.35

Oil

Oil Finally Recovers from Months Low

The oil price increased by around $2 per barrel on Tuesday from a nine-month low, helped by supply restraints in the American Gulf of Mexico ahead of Hurricane Ian and a weakening of the currency from its highest point in two decades. Analyst predictions of potential supply cutbacks

Oil prices and tensions

Oil Prices at An 8-Month Low

Following a steep decline last week, oil prices remained close to eight-month lows on Monday as investors worried that a weakening global economy would reduce demand for petroleum. By 21:30 E.T., U.S. West Texas Intermediate futures were steady at $78.67 per barrel, and London-traded Brent oil futures were

Broker News

FxPro UK Reports 48% Revenue Drop in 2021

FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to £900,365

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