EUR/USD is trading in a tight range above 0.9950. In the opinion of ING economists, the pair could retest the 0.99 level after the FOMC Chairman Jerome Powell’s remarks at the annual Jackson Hole symposium.. “Today’s EUR/USD price action should be entirely driven by the dollar’s reaction to Powell’s speech, barring further developments in the […]
Tag: Energy
UK: We are working hard to develop options for more support on energy bills – Nadhim Zahawi
The UK Chancellor of the Exchequer Nadhim Zahawistated on Friday that “I’m working flat out to develop options for more support on energy bills“. “This will mean that the incoming Prime Minister will be able to get down to business and offer support to those who need it most, as soon as possible,” he added. […]
UK energy bills to rise 80% in October – The challenges and plans
Britain’s energy regulator said on Friday it would raise the cap on energy bills to £3,549 on average from £1,971 a year, as campaigners, think tanks and politicians call on the government to tackle a cost-of-living crisis. The price cap limits how much energy suppliers can charge domestic customers for their combined electricity and gas […]
Spain: Passed the legislative decree on energy saving measures
Spanish parliamentarians today ratified the energy-saving measures decided by the government at the beginning of the month, as part of the European plan to reduce imports of Russian natural gas. In the foreground, restrictions on the use of air conditioners. Although the government of Socialist Prime Minister Pedro Sanchez does not have an absolute majority […]
Oil: WTI erases daily gains, remains in weekly high zone
The price of oil reached the highest since August 2 before falling back. Greater-than-expected drop in inventories in the US and the possibility of cutting production favor increases. Eyes on Powell and news on the Iran nuclear deal. The prices of Petroleum they are falling modestly on Thursday, after hitting their highest since early August. […]
Oil: WTI trims gains after hitting three-week highs
Oil price rises again and extends the rally from lows in months. Comments on possible cut in production and technical factors support the rise. Economic data complicate growth outlook. Oil prices are rising again on Wednesday, accumulating three days higher. The barrel of WTI (trading platforms) reached as high as $95.07, the maximum level in […]
EUR/USD: Unlikely to rebound for the duration of the energy crisis – SocGen
Kit Juckes, Global Currency Strategist General Companyunderlines the importance of the terms of trade for the strength of the dollar. Euro Won’t Rebound Until Devastating Terms of Trade Divergence Stops. Energy prices help the dollar and crush the euro “When oil prices rose in the run-up to the Global Financial Crisis, both the European and […]
Oil: WTI rises more than 2%, to maximum in one week
Market in search of stability favors oil recovery. Saudi minister talks about the possibility of cutting production. Technical factors point to further increases in WTI. The prices of Petroleum they are rising on Tuesday, fueled by a mild rebound in stocks, profit-taking around the dollar and comments from the Saudi Arabian minister about the possibility […]
Oil: WTI falls more than 4% while stocks plunge on Wall Street
Stocks on Wall Street fall sharply. Oil prices fall more than 4%, approaching the lows of August. The prices of Petroleum are falling significantly on Monday, in a day of sharp declines in financial markets. The barrel of WTI falls 4.30% and operates at the lowest since last Wednesday, approaching the lows of August. the […]
New high on the Energy Exchange – At 616.38 euros per megawatt hour
A new high record for the price of electricity was set in the morning market of the Stock Exchange, while corresponding prices are set in most European markets. Specifically, the stock exchange price of electricity in Greece is set for tomorrow at 616.38 euros per megawatt hour, while the maximum is 794.95 euros. Demand is […]
