Category Archives: Forex

forex

Yen outperforming in period of risk aversion – Scotiabank

Analysts at Scotiabank explained that JPY is strong, up vs the USD and outperforming all of the G10 currencies in an environment of broad-based risk aversion. Key Quotes: “EUR/JPY has tumbled to a fresh 2018 low and appears vulnerable to a continued retracement of the rally from April 2017.” “A reminder that JPY’s safe haven […]

Total seeks interest in Block 8 off Cyprus

Total is seeking an interest in a block off Cyprus west of where Turkish military vessels in February blocked drilling planned by Eni. Stephane Michel, president, Middle East and North Africa of Total Exploration & Production, told reporters after a meeting with Cypriot President Nicos Anastasiades that the company had applied for an interest in Block […]

US: Rising borrowing costs may limit New Home Sales – Wells Fargo

Analysts at Wells Fargo, point out that even with with downward revisions, new home sales are up 8.4% year-to-date. They war that rising cost could limit sales gains. Key Quotes: “New home sales declined 1.5 percent to a 662,000-unit annual pace in April as sales in March were revised lower to a 672,000-unit annual pace.” […]

US House panel examines improved US resource position, geopolitics

A dramatically improved US oil and gas resources outlook in the last 10 years has created important geopolitical and trade opportunities while making the country more secure in energy and economic terms, witnesses told a US House Foreign Affairs subcommittee on May 22. The post US House panel examines improved US resource position, geopolitics appeared […]

EZ PMIs: data arrives not as assumed; ECB to delay – Nomura

Like many other commentators, analysts at Nomura had assumed that the unexpected slowdown in the euro area in Q1 was driven by temporary factors such as inclement weather, strikes and a bout of sickness in Germany.  Key Quotes: “We expected a bounce-back in some key leading indicators of growth in Q2. Unfortunately, however, the incoming data – […]

ExxonMobil plans 15% decrease in methane emissions

ExxonMobil Corp. reported greenhouse gas reduction measures that are expected to decrease its methane emissions by 15% and flaring by 25% by 2020. Efficiency improvements in its refining and chemical manufacturing facilities also are planned.  The post ExxonMobil plans 15% decrease in methane emissions appeared first on aroundworld24.com.

Bitcoin heading for critical support

Bitcoin heading for critical support Bitcoin / Dollar BITFINEX:BTCUSD BCryptological Bitcoin             has been flirting for some time with the critical support located around $6000-$6500, and each time the support has held strong. But continued failed attempts time and time again to push up to and through the critical resistance at $11500 is a very […]

GBP/USD downside risks remain – Scotiabank

Analysts at Scotiabank noted that sterling is soft, with Cable reaching its lowest level since Dec. Apr UK CPI data showed prices generally softening, counter to expectations for steady inflation. Key Quotes: “CPI rose 0.4% M/M against expectations of a 0.5% gain, for a 2.4% Y/Y print (versus +2.5% expected); core CPI continued the retreat […]

ADNOC details Ruwais downstream growth plans

Abu Dhabi National Oil Co. has unveiled further details regarding its previously announced plans to accelerate expansion initiatives at the Ruwais refining and petrochemical complex as part of the company’s $45-billion program to become a global downstream leader under a new combined model of strategic partnerships and investments.   The post ADNOC details Ruwais downstream […]