Saudi Arabia’s strategy to expel high cost producers in doubt as rigs rise in US
Jul 16, 2015 05:37 am UTC| Insights & Views
Saudi Arabia in June increased oil production by 200,000 barrels per day to 10.6 million barrels per day as it continues to pursue its strategy to flood the oil market in a bid to push high cost producers out of the...
Lactose shock pushes Kiwi down
Jul 16, 2015 04:33 am UTC| Insights & Views
Last week New Zealand Dollar took a breather after 11 weeks of record consecutive decline, it seems this week Kiwi bulls are back at it again. This week New Zealand dollar is down almost 230 pips from its high already and...
Greek parliament passes deal, high cost to ruling party
Jul 16, 2015 03:25 am UTC| Insights & Views
Greek parliament successfully passed the deal, which is required to secure Greeces place in Euro zone and to begin negotiation on third Greek bailout deal of 86 billion. 229 lawmakers of 300 members parliament voted in...
Guide to today’s important data and events
Jul 16, 2015 02:36 am UTC| Insights & Views
Lots of economic dockets scheduled for today, with moderate risks associated. Focus is on ECB monetary policy decision. Data released so far - Australia - Consumer inflation expectation rose by 3.4% in July....
Commodities snapshot (precious & industrial)
Jul 15, 2015 15:43 pm UTC| Insights & Views
Metals are trading in red today. Performance this week at a glance in chart table - Gold - Gold dropped sharply after facing resistance around $1160 area. Stronger dollar today, pushed prices down Todays range -...
Jul 15, 2015 15:13 pm UTC| Insights & Views
Energy pack is mixed, while oil is down, gas is in green. Weekly performance at a glance in chart table. Oil (WTI) - WTI traded in high volatility today as Iran deal sanctions removal weighs on price. WTI traded as...
Currency snapshot (major pairs)
Jul 15, 2015 14:55 pm UTC| Insights & Views
Dollar index trading at 97.23 (+0.65%). Strength meter (today so far) - Euro -0.35%, Franc -0.65%, Yen -0.41%, GBP -0.20% Strength meter (since last week) - Euro -1.68%, Franc -1.40%, Yen -0.86%, GBP +0.61% EUR/USD...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects