Saudis say they’ll pump more oil if Russian output falls – oil price falls
Reuters headline reports on a Financial Times piece reporting on what the Saudis will do if Russia trims its production of crude. FT is gated but the report is here…
Read More »Stock Market Overview for the Week of May 2, 2022
US stocks continue their weakness this week, with the S&P 500 touching down at $4136, sitting right at its significant support level established in mid-March. Volatility is elevated again near…
Read More »Stock Market Overview for the Week of May 2, 2022
US stocks continue their weakness this week, with the S&P 500 touching down at $4136, sitting right at its significant support level established in mid-March. Volatility is elevated again near…
Read More »European Union to propose a ban on Russian oil by the end of the year
Bloomberg (gated) have the report, citing ‘people familiar with the matter’: European Union is set to propose a ban on Russian oil by the end of the year, with restrictions…
Read More »USDCNH under Pressure
The USDCNH has been trading in a restricted price range throughout 2022 between 6.3045 – 6.4096. Like other currency pairs, investors’ interest in these intersections is determined by trend conditions,…
Read More »US Weekly Claims shows more job market tightness
In the week ending April 2, the advance figure for seasonally adjusted initial claims was 166,000, a decrease of 5,000 from the previous week’s revised level. The previous week’s level…
Read More »Japanese ministers commenting on Russian sanctions, PM Kishida to speak 0900 GMT
Japan Prime Minister Fumio Kishida is to hold a news conference at 0900GMT. Meanwhile, Japan plans to take additional sanctions against Russia over it
Read More »Forexlive Americas FX news wrap: Strong jobs report keeps Fed 50 BP hike(s) as most likely
Stocks push higher into the close. Snatch victory from the jaws of defeat Key events and releases for next week WTI crude oil futures settle at $99.27 European Commission says…
Read More »US Senators will discuss freezing Russia’s gold with US Treas Sec Yellen
Back earlier in March a US bill was introduced into Congress to attempt to restrict Russia from selling their goldbill was drafted with the support of a bipartisan group of senatorsits…
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