Premium4 468x60 forex
Page 172 of 172 FirstFirst ... 72 122 162 170 171 172
Results 1,711 to 1,713 of 1713

The News / Hottest

This is a discussion on The News / Hottest within the Analytics and News forums, part of the Trading Forum category; The price of oil recovers from the collapse in the May futures contract, but the economic shock from COVID-19 may ...

      
   
  1. #1711
    Senior Member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    6,463
    Blog Entries
    615

    Oil Price Fundamental Outlook Mired by Great Lockdown

    The price of oil recovers from the collapse in the May futures contract, but the economic shock from COVID-19 may continue to drag on crude as the Great Lockdown disrupts global demand, with the oil surplus raising the cost of storage.

    The fundamental outlook for crude remains bearish even though the Organization of the Petroleum Exporting Countries (OPEC) plan to reduce oil production by another 10M b/d starting in May as the Great Lockdown disrupts global demand.

    The International Energy Agency’s most recent monthly report warns “global oil demand is expected to fall by a record 9.3 mb/d year-on-year in 2020,” with the group going onto say that “there is no feasible agreement that could cut supply by enough to offset such near-term demand losses.”

    The IEA points out that “floating storage is becoming more expensive as traders compete for ships,” and the price of oil may continue to exhibit a bearish behavior as the group emphasizes that “never before has the oil industry come this close to testing its logistics capacity to the limit.”

    more...
    Analytics and News section || Trading News Events thread
    Trading blogs || My blog

  2. #1712
    Senior Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    844
    А 52-year old woman has been arrested by the police in Australia for illegal transactions involving digital currencies for millions of dollars.

    The woman in question was apprehended by the New South Wales State Police in a shopping mall in Sydney on Thursday and around $40 000 in cash and 3.8 bitcoin were confiscated by the Australian police.

    more...

  3. #1713
    Senior Member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    6,463
    Blog Entries
    615

    Fed Minutes Highlight Uncertainty, Risks Created By Coronavirus Pandemic

    In addition to the severely adverse near-term effects of the coronavirus pandemic, the minutes of the Federal Reserve's latest monetary policy meeting noted the outbreak and the measures undertaken to contain it have also created an extraordinary amount of uncertainty and considerable risks to economic activity in the medium term.

    The minutes said participants at the late-April meeting discussed several alternative scenarios with regard to the behavior of economic activity in the medium term that all seemed about equally likely. "These scenarios differed in the assumed length of the pandemic and the consequent economic disruptions," the Fed said. A number of participants believed there was a substantial likelihood of additional waves of the coronavirus outbreak, which could lead to further economic disruptions. The participants warned the disruptions, including additional periods of mandatory social distancing, greater supply chain dislocations, and a substantial number of business closures and loss of income, could lead to a protracted period of severely reduced economic activity.

    At the same time, the minutes noted economic activity could recover more quickly if the pandemic subsided enough for households and businesses to become sufficiently confident to relax or modify social-distancing behaviors over the next several months.

    "Participants stressed that measures taken in the areas of health-care policy and fiscal policy, together with actions by the private sector, would be important in shaping the timing and speed of the U.S. economy's return to more normal conditions," the Fed said.

    The central bank added, "In addition, participants agreed that recent actions taken by the Federal Reserve were essential in helping reduce downside risks to the economic outlook."

    more...
    Analytics and News section || Trading News Events thread
    Trading blogs || My blog

Page 172 of 172 FirstFirst ... 72 122 162 170 171 172

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •