The price of oil (August Brent futures) on Tuesday, June 22, during the Asin session, increased above $ 74 per barrel of Brent. Participants in the black gold market are trying to stabilize oil prices amid hopes for an increase in demand for hydrocarbons in the summer due to the gradual lifting of covid restrictions […]
Oil attempting to grow on lifting restrictions Read More »
Global equity markets were mostly lower on Thursday after the Federal Reserve indicated it could ease economic stimuli earlier than previously thought. London and Frankfurt opened lower while Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. U.S. futures were lower after Fed members estimated on Wednesday that their key rate would rise twice
Global markets suffering after Fed’s rate hike forecast Read More »
The second wave of coronavirus in the US is rising apprehensions among investors. NFP report can either serene or jolt the markets. Release of National Data may not push Aussie from Range: Next week is filled with the data in Australia and investors are evaluating how much this virus is dangerous for the economy. The
Risk events in the week ahead Read More »
Kansas City Federal Reserve Bank President Esther George said on Thursday that there are more chances of COVID-19 to spread out in the U.S. and this is challenging for the U.S. economy unless scientists develop a vaccine. The full recovery of the economy from COVID-19 is still at distance. Lockdowns were legislated to handle the
Corona virus impacting the upcoming NFP Read More »
At 19:00pm U.K. time, on Wednesday 20th February, the FOMC (the Federal Open Market Committee), will publish the minutes from its January, two day meeting. The culmination of which, saw the FOMC announce that the key interest rate for the USA economy, would remain unchanged at 2.5%, after three rises of 0.25% each, were instigated
It’s been quite a week for fundamental event driven traders, for the most part the market has not only delivered the expected policy decisions and news event predictions, but the trends have also ‘obeyed’ the predictions, with a few exceptions… With the FOMC statement the clear policy directive, courtesy of Ben Bernanke and the Fed,
Big news week to be finalized by the NFP jobs number Read More »
No matter how level headed we are as traders we all suffer from our confirmation biases. I have to admit that the news regarding the UK’s surge in construction and in particular house building took me by surprise. The UK construction PMI was released this morning, courtesy of Markit Economics and the print busted even
It’s all so 2005/2006 for the UK construction industry and house prices. Read More »
