Archiv für den Monat: Juni 2022
Zwangsarbeit: Volkswagen und die Sklavenarbeit: Eine Spurensuche in Brasilien
Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others
‚Buy now, pay later‘ firms were already in trouble. Apple just gave them one more thing to worry about
Why saving in a 401(k) plan may be tough for frequent job switchers
Stocks making the biggest moves midday: Tesla, Five Below, Novavax, Nio and more
This SPAC is merging with an already-public company as sponsors get creative before time runs out
DocuSign shares crater after first-quarter earnings miss
ECB’s Kazaks: Gradual rate hikes does not mean slow
- Inflation is unacceptably high
- Fiscal policy will need to remain supportive
He’s one of the few to at least make mention on fiscal policy at least. As much as the ECB thinks it is doing work, government policies are where the heavy lifting really is when it comes to the inflation battle.
This article was written by Justin Low at www.forexlive.com.
Oil resilience continues to shine through
But buyers held on near the figure level, alongside the 100-hour moving average at $120.27 at the time, before pushing back higher in European morning trade. WTI crude is now up $1 or 0.8% to $122.50 at the highs for the day:
At this point, I feel like I’ve been writing this same headline one too many times already. I don’t want to keep beating a dead horse but it is remarkable that oil has managed to stay as resilient as it has in the past two months. The bullish case is certainly frightening if you consider the headlines that oil has braved through in recent weeks.
My points from last month (when prices were at $107):
„I think one key argument that not many people are raising is that there continues to be a shortage in supply and the situation is likely to get worse amid the supposed transition to green energy. The fact there is underinvestment in the sector and falling inventories continue to allude to a tighter market in general.
„Throw in the fact that Russia supplies are being phased out with little to no immediate substitutes, the tighter market outlook is going to stay for longer. The capacity shortage and the fact that OPEC+ is also not doing much more than they are now isn’t going to help alleviate sentiment on that front either.
„When you weigh up those factors and see how resilient oil prices have been as of late. It’s rather scary to imagine where prices might end up once we get over this hump.“
This article was written by Justin Low at www.forexlive.com.