The U.S. dollar was on track for a weekly loss on Friday’s trading due to the Fed’s new program. U.S. Federal Reserve announced its massive lending scheme to help small companies. Signs of a slowdown in coronavirus infections also reduced safe-haven demand and weakened the dollar. The Fed issued a $2.3 trillion program to offer …
U.S. dollar wavered on Friday while the Pound strengthened Read More »
Oil maker OPEC and its partners neglected to thoroughly tie down the latest conference. Unfortunately, the arrangement to take a historic amount of crude off the market on Thursday had no conclusion. The incident took place after Mexico recoiled from the proposed production cuts. The energy production partnership of the world’s most powerful oil makers, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY The Australian dollar rallied against a number of major currencies and safe-haven assets such as the Japanese yen in today’s trading sessions. It’s expected that bullish investors will keep the momentum. They will …
The U.S. dollar fell by 0.7% against a basket of currencies on Wednesday, as the European shares rallied the second day in a row and risk sentiment improved across equity markets. Furthermore, the greenback declined against the yen by 0.1% as Japanese Prime Minister Shinzo Abe issued a state of emergency on Tuesday to …
European and Asian currencies rallied while Dollar declined Read More »
Fear that the current crisis of lower demand and higher production drags oil prices further down. The price of Texas intermediate oil (WTI) slumped 7.5% on Tuesday. The barrel closed at $ 24.1 due to uncertainty in the energy markets regarding the possible cut in world production to stabilize prices. In addition, the barrel of …
The price of oil collapses before the OPEC meeting Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURGBP The EURGBP pair has collapsed as the euro becomes more vulnerable. This follows a rally from the latter half of February to early March. It’s believed that the turmoil among members of the …
Iran’s National Archives’ official statistics showed that since 2017, Iran’s gas production increased by only 2.85 %. It’s the lowest growth rate since 2012. Mehdi Jamshidi-Dana, a director of dispatching of the National Iranian Gas Company, announced that production of the commodity last year amounted to 267 billion cubic meters. The Company has stopped publishing …
Iran’s gas production rate declined to the lowest since 2012 Read More »
European currencies rallied on Tuesday. The euro increased by 0.8%, the last trading at $1.08835. The Sterling also skyrocketed. Even though traders awaited news about the British Prime Minister Boris Johnson, who is fighting his worsening case of coronavirus in intensive care. While the analysts are concerned about Jonson’s condition, they think that the government’s …
Euro and Sterling rallied along with Asian currencies Read More »
The price of soybeans on the Chicago Cereals Exchange (CBOT) registered gain on Monday. Still, Soymeal futures were down another $6.20 per ton in the May contract. May bean oil futures settled 40 points higher. The USDA’s Export Inspections report showed that the export of soybeans was down 28% for the week and is 66.5% …
Absence of Chinese Demand on Soybean Puts Pressure on Prices Read More »
An exchange-traded fund (ETF) is a collection of different securities that you can invest in. They can be composed of different types of securities, including stocks, bonds and of course, commodities. In fact, a single ETF can include a mixture of these different types. Although they appear to be similar to mutual funds, they do …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDILS The Israeli shekel has managed to push the pair downward after it peaked at its resistance level in the earlier half of March. Since then, bulls have struggled to prop up the pair …
Oil prices rose around the world after Trump announced that he expected the end of the dispute between Saudi Arabia and Russia. The announcement pushed prices to their lowest levels in 18 years. The US president tweeted that he expected and hoped the two parties would reach an agreement to cut supplies by 10 million …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDHUF The Hungarian forint reached its weakest levels against the US dollar just last week, prompting bears to force a slight rebound this Monday. The USDHUF pair remains widely bullish as the 50-day MA …
The European currencies declined on Friday. The euro fell due to the indecision among the eurozone governments about a rescue package for economies damaged by the coronavirus pandemic. The U.S. dollar gained 0.5% against it, trading at $1.0799 on Friday. Analysts think that the euro may be declining due to rebalancing as forex reserve managers …
European currencies decline while U.S. dollar rallies again Read More »
The global economy is struggling to deal with multiple challenges. The coronavirus pandemic affected all industries and the oil industry is not an exception. Asian stocks were little changed on Friday. In Japan, the Nikkei 225 was largely flat at 17,820.19. At the same time, the Topix index ended its trading day 0.36% lower at …
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