Russian Ruble prints a fresh 16-month low against the US Dollar due to weak economic outlooks. The USD/RUB pair climbed above the psychological resistance of 100.00 on Monday, extending YTD losses by 38%. The asset remains under pressure as the Russian economy is facing multiple headlines such as sanctions from developed economies, being in a […]
Conflict
Conflict
Conflict
04
Aug
Aug
Oil market outlook: Impact of production cuts and economic indicators on price trends
Oil prices are set to continue their upward trajectory, marking their sixth consecutive week of gains. This comes after Saudi Arabia and Russia, two of the world’s largest crude producers, pledged to reduce output through the next month. Brent crude futures for October rose slightly to $85.24 a barrel, while U.S. West Texas Intermediate crude for […]
04
Aug
Aug
Oil update: The Russian impact
In February, Russia declared its plan to reduce oil production by 500kb/d in March due to the price caps imposed by the West on Russian oil and oil products. However, implementing this pledge was only partially done during the spring. Therefore, the announcement made by Russia in early July to further decrease oil exports by […]
16
May
May
Todays Economic Calendar
Futures markets at the start of the session in Europe point to a lower opening of the stock exchanges. The weaker sentiment may be attributed to the declines in the Asia-Pacific region following the release of macroeconomic data. Today’s calendar is relatively busy with various events. Investors will receive US retail sales data, which is […]
08
May
May
Commodities Conflict Economic News Forex Freight Management Futures Geopolitical Industry News Latest News Middle East
Oil prices creep higher as recession fears begin to fade
SINGAPORE (Reuters) -Oil prices rose slightly on Monday as traders remained cautious despite receding fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November. Brent crude futures were up 11 cents, or 0.2%, at $75.41 a barrel at 0252 GMT. U.S. West Texas Intermediate (WTI) […]
05
May
May
The Morning Market Brief
Better-than-expected earnings from Apple provided support for US100 during an overnight session. However, gains on the index were halted in the 13,115 pts area and the index has traded sideways since. Source: xStation5
05
May
May
Conflict Cryptocurrencies Currencies Forex Futures Geopolitical Industry News Latest News Middle East
Israel seized Binance crypto accounts to ‘thwart’ Islamic State, document shows
LONDON (Reuters) -Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country’s counter-terror authorities show. Israel’s National Bureau for Counter Terror […]
04
May
May
Commodities Conflict Currencies Economic News Forex Futures Geopolitical Industry News Latest News Middle East
Global gas markets rebalancing, to remain tight in 2023- IEA
LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday. The European and global gas markets suffered a major supply shock in 2022 when Russia reduced its pipeline gas deliveries to the […]
01
May
May
North Korea blasts U.S.-South Korea summit deal for escalating tension
SEOUL (Reuters) – North Korea criticized a recent U.S-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the “brink of a nuclear war,” state media KCNA said on Monday. U.S. President Joe Biden and South Korean President Yoon Suk Yeol held a summit last week, during […]