For decades it was unthinkable that Russia would eventually stop supplying gas to Germany. Now Vladimir Putin has cut gas supplies. German ministries are developing emergency plans for the winter. Not only private households are affected, but also industry, which almost certainly has to reduce production. This also draws attention to Germany’s other dependencies: China […]
Tag: Raw Materials
Copper: Price recovers from one-year lows and exceeds $4
Copper price recovers amid supply disruption issues. Copper on Comex recovers the $4 mark, helped by some dollar weakness. Recovery in equity markets also contribute to the rebound of the metal. The copper price in Comex is rising after three days of declines on Tuesday, staging a rebound from the lowest level since January 2021 […]
The amendment for the increases of the prices of the raw materials is submitted
of Eleni Botas In the coming days, the amendment is expected to be tabled with the interventions announced by the Ministry of Infrastructure and Transport to address the increase in raw materials that has created problems in public works. As the Ministry recently announced, a double package of interventions is being promoted immediately: four institutional […]
Dollar Extends Rebound, Spotlight on EU Inflation and US Jobs Data.
This is what you need to know to trade today friday april 1: The negative shift seen in risk sentiment amid rising geopolitical tensions helped the greenback gain strength against its rivals on Thursday. The US dollar index continues to rise early on Friday as the focus shifts to euro zone inflation data and the […]
AUD/USD dips below 0.7500, remains within recent ranges
AUD/USD dipped back below 0.7500 but remains range bound this week as the focus shifts to Friday’s US jobs data. The Australian dollar remains resilient against the backdrop of “structurally” higher commodity prices and expectations of a hawkish RBA policy change. The AUD/USD it fell back below 0.7500 on Thursday, although it remains solidly supported […]
XAG/USD bears in control below $25.00 confluence
-637843136658629518.png "XAG/USD bears in control below .00 confluence")
Silver moves lower on Thursday and extends the previous day’s retracement from the $25.00 level. The setup favors the bears and supports the prospects for a further move lower. Sustained strength above the $26.00 level is needed to negate the short-term bearish bias. Silver price (XAG/USD) remains under pressure during the early part of the […]
S&P 500 will advance towards 4,700 points at the end of the year – UBS
A 1.2% rise in the S&P 500 on Tuesday left the index less than 4% below its all-time high and down just 2.8% on the year. The UBS economists expect the S&P 500 index to move slightly higher towards 4,700 points by the end of 2022. S&P 500 will rise towards 5,100 points if the […]
XAU/USD extends recovery from two-month lows, upside looks limited
-637842204849912432.png "XAU/USD extends recovery from two-month lows, upside looks limited")
Gold gains some positive traction on Wednesday, although it lacks continuation buying. The dollar weakens near a one-week low amid a pullback in US bond yields. Hopes for peace in Ukraine continue to support risk appetite and should cap gold price gains. The price of Gold (XAU/USD) Extends Strong Rebound the previous day from the […]
Dollar extends decline along with yields, focus on key EU and US data
This is what you need to know to trade today Wednesday March 30: the renewed optimism for a diplomatic solution to the conflict between Russia and Ukraine on Tuesday allowed risk-on money flows to dominate financial markets and caused the US dollar to lose interest. The dollar remains on the defensive at the start of […]
OPEC+’s mission is to stabilize the market
The United Arab Emirates Energy Minister, Suhail Mohamed Al Mazrouei, said on Tuesday that “we have a mission in OPEC+, which is to stabilize the market“. Additional comments We are not going to take sides today and say whether this is right or wrong within the OPEC+ organization. Our objective is to calm the market […]