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Saturday, 24 February 17:50 (GMT -05:00)



Stock and commodities markets

Euro Exchange Rate Reaches Highest Level Since Late 2014


The common European currency keeps on growing driven by the news on the formation of a new German government. The price rally started in 2017. At the same time, experts are getting more and more optimistic about the prospects of the Eurozone and the European Union in general, Deutsche Welle reports.
 

 

At this point, the EURUSD exchange rate is well over 1.22. the price rally resumed on January 12th, right after German media started reporting about some progress achieved during the talks dedicated to the formation if the German government. Back then, the exchange rate stayed around 1.20 but then quickly went all the way up to 1.21 and later broke above 1.22, NordFX reports.
 

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It seems like the governmental crisis is now over and the prospects of creating a new stable government are real. Probably, that’s good news for the entire Eurozone and its common currency since Germany is the biggest and strongest economy in the region, and that’s why the Euro currency is so sensitive about everything that’s going on in the political and economic life of Germany. So, international traders and investors are now more optimistic about the common currency and they seem to have started loading up on the Euro again, which has been fueling the rally over the last few days.
 
Over the last 12 months, the common European currency has gained a lot – from 1,04 all the way up to 1,22. That’s quite a big move for major currencies like the Euro and the U.S. Dollar.
 
The most surprising thing about the situation is that the common European currency starts growing when the ECB claims that they are going to keep the interest rate very low (around zero) for quite a long time. The Fed raised the rates 3 time in 2017, which is why the current difference between the ECB and Fed rates is around 1,25-1,5%. Moreover, this spread may well get even wider in the near future since the Federal Reserve is planning 3 more interest rate hikes in 2018, with the first one planed for March 2018.
 

 

However, it’s common knowledge that international investors tend to move to the assets with biggest interest rates. That’s why a dollar rally is more likely this year, especially as American stock indexes have been strong and setting new all-time highs.

 

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Oil Prices Will Be Affected By Geopolitical Risks in 2018

The end of 2017 was clearly positive for oil-exporting nations. For example, Brent oil futures traded at 66,60 dollars per barrels on December 29th. Will the existing bullish trend persist in 2018? 

Publication date: 16 January 06:32 AM

Experts Criticize OPEC+ Agreement for Unpredictable Outcomes

OPEC exporters may beat the target related to the OPEC+ agreement, which now seems to be a point of concern for international investors, The Wall Street Journal reports.

Publication date: 27 November 05:06 AM

Market Reaction to Zero Change in Fed’s Rate

Publication date: 23 September 03:30 AM

U.S. Investigation of Offshore Capitals May Ruin Putin’s Regime, Aslund Says

The international expert community has been busy discussing the search of Russian offshore capitals by Americans. Anders Aslund assumes that this investigation may eventually put an end to Putin’s regime.

 

 

 


Publication date: 06 September 11:37 PM

Russia Is Against Further Oil Production Cuts, Bloomberg Says

Moscow is against cutting their oil production any further if there is such an offer further down the road. They know that if they have to meet with OPEC members anytime in the near future, and given the fact that the recent extension of the Vienna Accord seems to be failing to do what it’s meant to do, such an offer may really be the case. By the way, Bloomberg reports that another Russia-OPEC meeting is scheduled for July 24, 2017 in Saint Petersburg, Russia.

Publication date: 05 July 07:13 AM

Pavel Krymov on the New Look of Venture Investing

Not so long ago, Ukraine hosted the first conference dedicated to block-chain business. The event was visited by some of the most popular representatives of the crypto-currency industry, including the owners of crypto exchanges, top managers, investment fund managers, developers, and the owners of other related financial projects.

 

Pavel Krymov, who is a well-known and respected expert in financial marketing, investing, and the author of several exclusive strategies of promoting financial services, was also among those who visited the conference.

Publication date: 16 June 09:22 PM

Nobody Can Predict Today’s Crude Oil Market

Today’s global market of crude oil keeps on bringing new surprises. This means it more and more difficult for international experts to predict future oil prices.

 

 
In his articles, oil market observer Sergei Shelin says that the representatives of the so-called international expert community failed on their forecasts once again the other day. To be more specific, nobody could have thought that the recent decision to extend the so-called Vienna Accord during the recent OPEC summit in the capital of Austria would eventually result in lower oil prices instead of pushing those prices higher.
Publication date: 08 June 07:11 AM

Bitcoin Crashes

Bitcoin has crashed by more than 600 dollars per 1BTC. This is confirmed by Coinbase. To be more specific, the exchange rate dropped all the way down to 1961 dollars per 1BTC. Experts say that this is not the end, and the crypto currency may well continue getting cheaper in the near future.
 
Publication date: 01 June 07:26 AM

Experts Don’t Believe That OPEC Will Push Oil Prices Higher

The average price of crude oil is still around 45 dollars per barrel. Some experts believe that no further production cuts will managed to change the situation and make the prices reach new local highs.

Publication date: 24 May 10:00 AM

OPEC-Russia Deal Hits Russian Oil Companies

Since Russian oil companies had to cut down on their daily oil production as the result of the so-called Vienna Accord signed in November 2016 by the OPEC and some non-OPEC producers led by Russia, those companies eventually lost a lot of profit, even though the production cuts seem to have had positive impact on the Russian budget. Apparently, the agreement was designed to reduce the oversupply and make oil prices grow to let the exporters gain more money as the result of higher oil prices in the global market.

 

 
Publication date: 22 May 05:06 AM