The Federal Reserve released a dovish statement that including lower outlook for the Fed’s fund rate in 2016-2018 and even the terminal rate was reduced by 0.25 bp to 3.25%. So without making any changes its cash rate or introducing…
Equities recovered last week as the bearish market sentiment subsided and oil prices started off the week strong on account of the latest deal between Russia and Saudi Arabia to hold their output at January levels. But a few unimpressive…
The U.S. dollar took another tumble against leading currencies such as Euro, Japanese yen and Aussie dollar. On this week’s agenda in the U.S: Durable goods, existing home sales, and jobless claims. In Europe: Euro group meetings, BOE rate decision,…
This time it wasn’t the Middle East to pull up oil prices – but close by: The recent news regarding the firing down of the Malaysian plane above Ukraine triggered President Obama to step in and impose additional restrictions on Russia.…
The precious metals market cooled down last week. Last week, the FOMC Chair Janet Yellen talked about the Federal Reserve’s policy and reassured that the Fed will maintain the low rate even if the U.S economy reaches the FOMC’s targets…
Oil price (WTI) slightly recovered last week as it rose by 0.6%. On the other hand, Brent oil dropped by 1.5%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $5.48 and $10.46. Last…
Oil price (WTI and Brent) rallied last week: WTI rose by 1.07%; Brent oil increased by 2.3%. As a result, the gap of Brent oil over WTI widened again: The premium ranged between $13.58 and $16.21 – the highest range…
Oil prices (WTI and Brent) tumbled down again during last week: WTI fell by 3.27%; Brent oil, by 3.16%. As a result, the spread of Brent oil over WTI remained nearly unchanged: The premium ranged between $2.53 and $5.73. Based…
The price of oil (WTI) rallied again during last week: WTI rose by 1.81%; Brent oil, on the other hand, slightly decreased by 0.68%. As a result, the premium of Brent oil over WTI plummeted; the premium ranged between $0.2…