Sonaf

19/06/2018

ratchets up trade conflict with fresh threat

U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world's two biggest economies quickly escalated.

14/06/2018

eases on refining dip, higher . crude output

Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support.

08/06/2018

prices fall on dip in demand, surging . output

Oil prices reversed earlier gains on Friday and fell as surging U.S. output as well as signs of weakening demand in China weighed on markets, even though supply woes in Venezuela and OPEC's ongoing production cuts offered crude some support.

06/06/2018

Extends Gain as . Stockpile Drop Counters Fears Over

Oil rose for a second day as an industry report showing a drop in American crude stockpiles helped counter fears that supplies may gain after the U.S. was said to ask OPEC to boost output.

05/06/2018

. makes rare request of : Boost output

In an unusual ask, the U.S. government has asked Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries to increase oil output by around 1 million barrels a day to help cap rising oil prices, Bloomberg reported Tuesday.

04/06/2018

As Riles # Europe on Trade, Offers More Natural Gas

As Donald Trump’s trade policy risk worsening economic conflict with Europe Union, Russia’s Vladimir Putin is strengthening ties with the region.

01/06/2018

Trump's Tariff Assault Risks Sideswiping His Strongest Allies

President Donald Trump has reserved his sharpest criticism on trade for China. Now some of America’s closest allies are getting swept up in the feud.

31/05/2018

#𝑼𝑺. 𝒕𝒐 𝒔𝒍𝒂𝒑 #𝒕𝒂𝒓𝒊𝒇𝒇𝒔 𝒐𝒏 𝒔𝒕𝒆𝒆𝒍, 𝒂𝒍𝒖𝒎𝒊𝒏𝒖𝒎 𝒇𝒓𝒐𝒎 #𝑬𝑼 𝒐𝒏 𝑻𝒉𝒖𝒓𝒔𝒅𝒂𝒚: 𝒔𝒐𝒖𝒓𝒄𝒆𝒔

Washington will announce plans to slap tariffs on EU steel and aluminum imports as early as Thursday morning, sources said, while the U.S. commerce secretary said any escalation of their trade dispute would depend on the bloc's reaction.

29/05/2018

near 6-1/2-month lows on concerns, risk aversion lifts

The euro struggled near a 6-1/2-month low against the dollar on Tuesday, the bounce seen at the start of the week fading out as investors took a grim view of Italy seemingly heading towards another election.

25/05/2018

prices fall as floats gradual production increase

Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017.

24/05/2018

climbs back closer to weekly tops, nearing $1300 mark

Gold edged higher for the second consecutive session on Thursday and built on overnight modest gains led by perceived dovish minutes.

Minutes from the latest FOMC meeting supported June rate hike expectations but hinted to a gradual monetary policy tightening path going forward and tolerance to overshoot for some time.

The post-release US Dollar profit-taking, which continued through the early European session on Thursday, was seen underpinning demand for dollar-denominated - like gold. Adding to this, the ongoing slide in the US Treasury bond yields further benefited the non-yielding yellow metal and remained supportive of the uptick.

Meanwhile, renewed worries around the US- trade talks, coupled with uncertainty over a planned summit between the US President Donald and leader Jong-un dented investors’ appetite for riskier assets. The same was evident from the prevalent cautious mood across global equity markets, which was eventually seen providing some additional boost to the precious metal's safe-haven appeal.

Today's economic docket, featuring the second-tier releases of the usual initial weekly jobless claims and existing home sales data, along with speeches by influential FOMC members would now be looked upon for some fresh impetus.

23/05/2018

Traders See Higher Prices In The Long Term

Lower-for-longer oil prices could soon be history as forward oil prices have started to surge, narrowing the gap with front-month oil prices