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Market Roundup

  • 15 June, 2021
  • 3:16 pm EEST

The USD is the strongest of the majors going into a huge data day in the US, while the GBP is the weakest. At the bottom of the hour, the US will reveal retail sales, PPI, and empire manufacturing data.…

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Heavy losses in Ghana’s Oil Market: The black market and proposed sanctions

  • 14 June, 2021
  • 3:36 pm EEST

Black market operations caused damage to Ghana's oil sector, forcing a coordinated effort by the government and those concerned in the energy sector to crack down on illegal dealers. According to the local Ghana Web site, the Union of Oil…

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Market Roundup: Dollar and Equities Up, Bitcoin keeps rising.

  • 11 June, 2021
  • 3:23 pm EEST

It was a very quiet session, although the market is showing some moderate movement heading into North American trading. For the most part, FX was calm, but in the last hour, the dollar started to make ground, gaining modestly across…

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After a period of rising inflation and the highest PPI since the collapse of Lehman, China launches price controls.

  • 09 June, 2021
  • 12:39 pm EEST

China effectively started price controls, moments after posting the Red hot PPI since Lehman, with China's economic planning agency committing to raise supply of important consumer items to stabilize prices, according to a statement on the NDRC website on a…

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What is on to watch for today?

  • 09 June, 2021
  • 11:03 am EEST

A couple of relevant points to keep for the day are outlined. The ones for EUR/USD are bound to keep price action stable at current rates, with major ones expected to drop off later this week in the range of…

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