Oil prices rose more than 2 percent on Wednesday after Russian President
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Europe’s Energy Deficit Carries On
Since the start of the Ukraine War, energy has been a major concern in the EU. While the sanctions have halted Russia to
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Apple is the definition of a company that’s too big to fail. However, to stay on top of the stock market, it’
Demand Concerns Crushes Oil
Although there was some volatility in oil prices on Friday as investors processed an unexpected increase in U.S. crude s
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Oil prices rose more than 2 percent on Wednesday after Russian President
WTI Crude oil and other commodities during the first six months of
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Putin Mobilizes More Soldiers, Oil Prices Surge
Rate Hikes Loom Over Oil Market
Will The Uptrend in The Oil Market Continue?
Putin Mobilizes More Soldiers, Oil Prices Surge
Rate Hikes Loom Over Oil Market
Will The Uptrend in The Oil Market Continue?
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OMV Plans Ruble Accounts For Russia’s Ruble Only Gas Trade
OMV (OMVV.VI) is one of the top importers of Russian gas. The
Why does Rosneft accept Ruble Payment Only?
Five traders claimed on Monday that Russia’s (ROSN.MM) Rosneft failed to sell oil in a jumbo tender after requiring prepayment in rubles. This means that the country’s biggest oil giant will have to find methods to channel additional petroleum
Here Is Why the Ruble Had Hit a Two-Year High Amid War
In early trade on Tuesday, the Russian ruble hit a more than two-year high versus the euro before stabilizing at Monday’s close, in a week when tax payments are supporting the currency and investors anticipate a rate decrease on
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
Yen Surges on Worries of Global Economic Growth
Safe-haven currencies including the yen gained against the dollar on Wednesday, as a careful mood dominated the first trading day of the year on worries about the global growth, the US government shutdown, and a slower pace of Federal Reserve rate hikes. Read more here!
Australian and the New Zealand dollar Bounce back
The Australian and the New Zealand dollar staged a remarkable comeback on their US counterpart on Friday, as lackluster economic data fueled speculation of a U-turn on US interest rates. Read more here!
Dollar Slumps on New Powell Comments
The dollar weakened against other currencies on Monday, as traders felt more bearish due to the increasing expectations that the Federal Reserve would put its policy tightening to a pause in 2019. Read more here!
Dollar Struggles on Fed Rate Speculation
The dollar floundered for traction against other currencies on Tuesday, with investors increasingly convinced that the Federal Reserve will not raise interest rates this year amid risks of a sharper slowdown in global growth. Read more here!
BROKER NEWS
ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip
Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit for 2021 was still higher than last year’s £206,556 at £250,112. With other interests and income
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OMV Plans Ruble Accounts For Russia’s Ruble Only Gas Trade
OMV (OMVV.VI) is one of the top importers of Russian gas. The last Thursday, some resources have reported that OMV is now preparing to create ruble accounts at Gazprombank in Switzerland. On Wednesday, Russian energy giant Gazprom (GAZP.MM) informed Poland and Bulgaria that it would cut off gas supplies if they
Why does Rosneft accept Ruble Payment Only?
Five traders claimed on Monday that Russia’s (ROSN.MM) Rosneft failed to sell oil in a jumbo tender after requiring prepayment in rubles. This means that the country’s biggest oil giant will have to find methods to channel additional petroleum to Asian customers via private transactions. The collapse of the tender shows
Here Is Why the Ruble Had Hit a Two-Year High Amid War
In early trade on Tuesday, the Russian ruble hit a more than two-year high versus the euro before stabilizing at Monday’s close, in a week when tax payments are supporting the currency and investors anticipate a rate decrease on Friday. The ruble was trading at 76.90 against the euro at 0817
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 president of Germany’s Bundesbank, Joachim Nagel, has joined other policymakers in predicting
ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip
Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit for
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