The European Union (EU) Economy Commissioner Paolo Gentiloni reiterated that Euroarea inflation is transitory in a Bloomberg interview, although warned the European Central Bank (ECB) over a premature monetary policy tightening. Key quotes “We are monitoring euro-area inflation — we should monitor it very accurately — but without making conclusions too soon” “I think it would
200 day MA at 1.25326 The USDCAD yesterday moved up to test its falling 200 hour moving average (green line). Sellers leaned against that level and in doing so kept the sellers in control. The price ultimately fell below the recent swing lows down to 1.2568. Today, the pair took a another step with a fall below its 200 day
Texas in the winter of 2020 might be just a preview I have been writing lately about natural gas, warning that it’s the next commodity story to go mainstream. Now, it’s happening. The coming winter may give the world a painful lesson in just how pervasive and vital gas has become for the economy. Bloomberg
For some time, the global climate crisis was a hot topic to debate. But the discourse has changed and a consensus has been reached, moving the conversation toward how to stop — or at least to lessen — the ongoing issue of climate change. Two pivotal moments in reaching this point were the adoption of
PERAK, MALAYSIA/SINGAPORE: In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of the estate. A coronavirus pandemic-induced labour crunch has forced managers of the 2,000-hectare estate in Slim River to find creative ways to
A Panda Express restaurant displays a “Now Hiring” sign in Tampa, Florida, June 1, 2021. Octavio Jones | Reuters U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according to a report Wednesday from payroll services firm ADP. Private payrolls rose just 374,000 for the
100 hour MA and swing level at 130.169 The EURJPY has been marching higher since bottoming on August 20. The price had been up for 9 of the last 10 trading days coming into today. The price is currently lower after a double top near 130.736. The subsequent fall took the price below a swing area defined from highs on Wednesday, a few lows
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China and Hong Kong buy over 50% of Brazilian beef exports. Brazil discovered two cases of “atypical” mad cow disease in two separate domestic meat plants ( ”atypical” means the disease develops spontaneously, not related to eating contaminated foods) only the 4th and 5th cases of atypical mad cow disease detected in Brazil in 23 years
NEW YORK: Oil prices fell on Friday after a weaker than expected US jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic. Losses were capped by concerns that US supply would remain limited in the wake of Hurricane Ida, which cut production from the US Gulf of
U.S. economist Joseph Stiglitz believes now is a good time to rewire the U.S. economy, arguing that “we shouldn’t let a crisis go to waste.” The former senior vice president and chief economist of the World Bank said on Thursday that the coronavirus pandemic has highlighted how the economic system isn’t working, referencing inequality, the
USD falls the most vs the NZD The USD fell versus all the major currencies is weeks with the exception of one…the CHF. The US dollar fell the most versus the NZD and AUD as those currencies benefited from risk on sentiment, somewhat improving China and expectations that as Covid spread slows, central banks would start to look toward reversing some of
WTI crude gives up gains to settle down 70-cents to $69.29 The fundamental story in oil this week is continued outages in the Gulf of Mexico. Generally, platforms come back online quickly after storms but that’s not the case after Ida. There is still 1.7 million barrels per day offline and the cumulative loss is
Bitcoin (BTC) has been struggling to break the $50,000 mark for over 10 days now. However, on Sept. 2, the premium cryptocurrency briefly surpassed the milestone, sending positive ripples across the market. Since then, the token has dropped below the mark to trade in the $49,000 range before rebounding to hit the $50,000 mark yet