The report says that the Chinese government has effectively banned refined fuel exports for the month of March “with immediate effect”. That as Beijing has ordered refiners to stop such exports for the month. All of this of course is to manage the situation back home, amid fears of domestic fuel shortages due to the
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
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Reuters is reporting that CMA CGM has reopened container bookings from major Gulf export hubs, signalling improving conditions for regional shipping after recent disruptions. This is good news if correct. Recent attacks suggest this may be premature: Summary: CMA CGM has reopened cargo bookings from several Gulf countries. Shipments from Iraq, Kuwait, Qatar, Bahrain, Saudi
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The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade
An oil tanker near Iraq’s Umm Qasr port erupted in flames, with preliminary reports pointing to a possible direct attack on the vessel. Some reports say its multiple tankers on fire. This article was written by Eamonn Sheridan at investinglive.com. Source link
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After today’s 8th war trading session, volatility seems to be taking another retreat. After the very chaotic Monday action, traders seem exhausted by the many headlines and prior trends. Trump’s comments regarding that the War that is almost coming to an end are not moving Markets the slightest. After yesterday’s downside fake-out in Oil, it
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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The tone in Financial Markets has now eased despite the ongoing US-Iran-Israel conflict, now in its 12th day – Stock Indexes are still failing to generate traction, currently victim of strengthening selling flows. The almost-perfect inverse correlation between Stock Markets and oil prices has now stalled, with Crude volatility also coming to a brutal halt.
Market Insights: Tech gains momentum as utilities and financials lag behind 🏦 Sector Overview Today’s market heatmap reveals a mixed performance landscape, with the technology sector standing out amid broader market challenges. Semiconductors are demonstrating notable strength, while utilities and financials endure weaknesses. Technology Surge: A sparkling performance in the semiconductor sector, led by Intel
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said its consumer price index climbed by 0.3 percent in February after rising by 0.2 percent in January. The growth matched expectations. Subscribe to continue reading
Dollar edged modestly higher in early US session, but the move lacked conviction as investors digested February CPI data that broadly matched expectations. Although the annual core rate remains somewhat elevated around 2.5%, the key takeaway is that inflation is not reaccelerating. That provides the Fed with breathing room to observe how the Iran war
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
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