Saturday, 16 January , 2021
  • Iran’s crude steel output rises 13% 13 Jan 2021

    Iran’s crude steel output rises 13%

    Production of crude steel (steel ingot) in Iran has risen 13 percent from January-November, 2020, according to a report released by the World Steel Association (WSA).

Asian Buyers Rush To Secure North Sea Oil After Saudi Surprise Cut 10 Jan 2021

Asian Buyers Rush To Secure North Sea Oil After Saudi Surprise Cut

Saudi Arabia’s surprise announcement that it would cut 1 million barrels per day (bpd) beyond its share of OPEC+ cuts in February and March has refiners in Asia scrambling to secure supplies from Europe.

The Real Crisis For Oil is Yet To Come 09 Jan 2021

The Real Crisis For Oil is Yet To Come

Italian energy major, Eni, described 2020 as a “year of war”, regarding the energy crisis experienced in the face of a global pandemic. But it may be too soon to see the issues faced last year as a thing of the past.

EUR/USD bounces gently from brief trip below 1.2200 09 Jan 2021

EUR/USD bounces gently from brief trip below 1.2200

EUR/USD briefly dropped below 1.2200 in recent trade but has since recovered back to trade in the 1.2220s. EUR/USD has broken below a short-term upwards trend channel that had been in play since December 2020.

Natural Gas Markets Stall 09 Jan 2021

Natural Gas Markets Stall

Natural gas markets shot higher during the week but have ended up forming a shooting star. It sits just above the 200 week EMA, so that could attract attention.

Gold price getting crushed 09 Jan 2021

Gold price getting crushed

Trillions of dollars were pumped into financial markets in 2020 and that won't come without consequences. Economists expect that investors will be Bracing For Inflation in 2021.

Oil Steadies Near $50 After Surging on Surprise Saudi Output Cut 06 Jan 2021

Oil Steadies Near $50 After Surging on Surprise Saudi Output Cut

Oil steadied in Asia after surging to a 10-month high on Saudi Arabia’s pledge to cut an extra 1 million barrels a day of crude output in February and March as a rampant coronavirus leads to more lockdowns.

EUR/USD recedes from 33-month high as Democrats take a lead in Georgia elections 06 Jan 2021

EUR/USD recedes from 33-month high as Democrats take a lead in Georgia elections

EUR/USD retreats to 1.2285 from a 33-month high of 1.2327. Risk sentiment weakens, pushing stocks lower and the anti-risk dollar higher.

Gold Price Forecast – Gold Prices Confirming Breakout, Silver and Platinum Leading 05 Jan 2021

Gold Price Forecast – Gold Prices Confirming Breakout, Silver and Platinum Leading

The 6-month cycle in gold bottomed in November, and prices are confirming a breakout. Silver and platinum are leading the surge higher and are displaying explosive potential.

Bitcoin price action looks similar to what happened at the beginning of 2018 05 Jan 2021

Bitcoin price action looks similar to what happened at the beginning of 2018

Bitcoin could be on the verge of a massive correction according to an indicator. However, Some people believe Bitcoin could still climb higher before a pullback.

Oil prices touch multi-month highs as OPEC+ expected to cap output 04 Jan 2021

Oil prices touch multi-month highs as OPEC+ expected to cap output

As prices rose in line with broader financial markets, Brent crude futures reached $53.33 a barrel, the highest since March 2020. U.S. West Texas Intermediate (WTI) crude touched $49.83 a barrel, the highest since February 2020.