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

gold
Commodities

Gold was falling on Friday morning in Asia. The yellow metal was

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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

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The Euro Rise With Betting On Rising Rates and Macron's Debate

The Euro Rises; Macron’s Debate

A flurry of hawkish statements fueled hopes that the European Central Bank will raise interest rates soon, sending the euro to a one-week high on Thursday despite optimism that French President Emmanuel Macron would win reelection on Sunday. The

The Russian Rouble Is Strengthening Against The Dollar

The Russian Ruble Is Strengthening Against The Dollar

In early trade on Tuesday, the Russian ruble strengthened against the dollar. At the same time, OFZ government bond prices surged to their highest level since February 21, anticipating that the central bank would slash interest rates again shortly.

gas

Gazprom ceases gas supply to Poland and Bulgaria

On Wednesday, Russia’s Gazprom halted gas supplies to Poland and Bulgaria for failing to pay for gas in rubles. This move reflects Moscow’s toughest response to the crippling sanctions imposed by the West for the invasion of Ukraine. The

Indonesia plans to widen palm oil export ban

Indonesia plans to widen palm oil export ban

Indonesia stated its plans to widen its ban on exports of refined palm olein if it faces domestic shortages of the derivatives. The world’s biggest palm oil exporter prepares to halt refined, bleached, and deodorized (RBD) palm olein shipments.

Gold bars

Gold prices hover to 4-week low on rate hike worries

On Monday, gold prices slipped to their lowest in four weeks. The downturn came amid the prospects of aggressive policy tightening by the US Federal Reserve, denting the precious metal’s appeal. As of writing, bullion futures declined 1.92% or

corn

Corn production threatened by slower US seeding

The slow start of corn planting in the key growing areas of the United States threatens the grain’s production levels. The US Agriculture Department reported that farmers had already seeded 4.00% of the crop as of April 17. However,

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

gas

Gazprom ceases gas supply to Poland and Bulgaria

On Wednesday, Russia’s Gazprom halted gas supplies to Poland and Bulgaria for failing to pay for gas in rubles. This move reflects Moscow’s toughest response to the crippling sanctions imposed by the West for the invasion of Ukraine. The world’s biggest natural gas company supplies around 40.00% of

Indonesia plans to widen palm oil export ban

Indonesia plans to widen palm oil export ban

Indonesia stated its plans to widen its ban on exports of refined palm olein if it faces domestic shortages of the derivatives. The world’s biggest palm oil exporter prepares to halt refined, bleached, and deodorized (RBD) palm olein shipments. Nevertheless, the country would allow crude palm oil exports

Gold bars

Gold prices hover to 4-week low on rate hike worries

On Monday, gold prices slipped to their lowest in four weeks. The downturn came amid the prospects of aggressive policy tightening by the US Federal Reserve, denting the precious metal’s appeal. As of writing, bullion futures declined 1.92% or 36.70 points to $1,897.10 per troy ounce. The contract

corn

Corn production threatened by slower US seeding

The slow start of corn planting in the key growing areas of the United States threatens the grain’s production levels. The US Agriculture Department reported that farmers had already seeded 4.00% of the crop as of April 17. However, this pace declined 3.00% from a year earlier and

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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