Tag: xgloabalmarkets
The Canadian dollar recovers from a four-week low as investors assess US inflation data. On Tuesday, the Canadian dollar edged higher against the US dollar, recovering from its lowest level in nearly four weeks, as oil prices rose and US data showed underlying inflation rising less than expected in March. The 12-month increase in core […]
Today, Shell International resumed shipment of liquefied natural gas (LNG) from the Prelude facility, the world’s largest floating LNG terminal, located off northwest Australia, after a 4-month shutdown due to a major blackout. A Shell spokesman said that a shipment of liquefied gas had completed its loading and had left the site, yesterday evening, Sunday, […]
Because of rising heating demand, the price of natural gas in the United States is set to reach its highest level since 2008. On Monday, U.S. natural gas futures rose about 5%, putting the contract on track for its highest close in 13 years, on higher-than-expected heating demand and as much higher global gas prices […]
Gold prices rose during trading on Monday, supported by the uncertainty about the Russian-Ukrainian war, in addition to the closures in China to control the Corona virus. The US Treasury bond yields and the high dollar deprived the yellow metal of achieving gains, after it had started today’s trading with a decline. Gold Prices Today […]
Oil prices fell about 2% during trading on Monday, amid the market’s anticipation of the liberation of the strategic oil reserves announced by the member states of the International Energy Agency, with the continued closures in China due to the Corona virus. Oil prices ended their trading on Friday with a rise of more than […]
Although Europe’s decision to ban Russian coal will affect a major source of Moscow’s revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions imposed on Russia since the invasion of Ukraine on February 24, including a ban on […]
Sterling falls against the euro following the release of ECB minutes. Sterling fell against a stronger euro on Thursday, as the minutes of the European Central Bank’s March meeting were more hawkish than expected. At their March 10 meeting, ECB policymakers appeared eager to reduce stimulus, arguing that conditions for raising rates had either been […]
Today, Thursday, oil prices returned to rise again, to compensate for some of the losses they incurred during trading on Wednesday, when they fell to their lowest level in 3 weeks. Oil prices started trading on the rise today, but later fell, and then rebounded in volatile trading, as fears of shortage of supplies dominated […]
Romania’s central bank raises the key interest rate to 3%, predicting higher inflation. On Tuesday, Romania’s central bank raised its benchmark interest rate by half a percentage point to 3%, predicting that inflation would rise faster than expected due to the conflict in Ukraine, which is putting pressure on food and fuel prices. Inflation is […]
South Korea has taken new measures to counter the inflation caused by high oil prices, by increasing the fuel tax cuts that began in November for a period of 6 months and intends to extend them for another 3 months. Korean Finance Minister Hong Nam-ki said today, Tuesday, that his country will expand tax cuts […]