Crude supply glut – Nigerian tankers in search of buyers
Apr 09, 2015 15:19 pm UTC| Insights & Views
Crude supply glut continue to persist in the market. According to plats ship tracking software cFlow, a wave of Nigerian crude tankers are heading for Europe in search of buyers. Greater supplies from Middle East, have...
Apr 09, 2015 14:54 pm UTC| Insights & Views
Energy segments performance is mixed today, oils are up while gas is down. Weekly performance at a glance in chart table Oil (WTI) - WTI is facing selling pressure since yesterday, as crude inventory continue to rise...
Commodities snapshot (precious & industrial)
Apr 09, 2015 14:30 pm UTC| Insights & Views
Metals performance are mixed in todays trading, precious pack is down while industrial remains up. Performance this week at a glance in chart table - Gold - Gold marginally lost grounds today, however maintaining well...
Lower coal price claims victims
Apr 09, 2015 13:12 pm UTC| Insights & Views
Central Appalachian metallurgical and thermal coal producer Xinergy and its 25 subsidiaries have filed for Chapter 11 bankruptcy in Virginia. Price of thermal coal, this year dropped below $50/ ton as demand from china...
Currency snapshot (commodity pairs)
Apr 09, 2015 12:57 pm UTC| Insights & Views
Dollar index trading at 98.12 (+0.07%). Strength meter (today so far) - Aussie +0.70%, Kiwi +0.74%, Loonie +14%. Strength meter (since last week) - Aussie +1.96%, Kiwi +0.58%, Loonie -0.40%. AUD/USD - Trading at...
Currency snapshot (major pairs)
Apr 09, 2015 12:33 pm UTC| Insights & Views
Dollar index trading at 98.15 (-0.10%). Strength meter (today so far) - Euro -0.09%, Franc -0.24%, Yen +0.17%, GBP -0.28% Strength meter (since last week) - Euro -1.73%, Franc -1.77%, Yen -0.83%, GBP -0.52% EUR/USD...
Worsening current account to weigh on Pound
Apr 09, 2015 11:41 am UTC| Insights & Views
Today UK trade statistics were published from office of national statistics (ONS), which showed current account deficit widened, especially in goods and with EU. Key highlights - UKs deficit on trade in goods and...