1. Crude Fair Price: OIL - $106.12
The News:
Given the rebound in the U.S. dollar over the past day, the fair price of crude is below the present market price.
The Breakdown
Earlier in the week, OPEC President Chakib Khelil mentioned to reporters that the cartel would not raise production. What’s more, Khelil also commented that strength in […]
GBP - weekly (20 April 2008)
The British pound appreciated vis-à-vis the U.S. dollar last week as cable tested offers around the US$ 1.9995 level and was supported around the $1.9600 level. The pair gained about 245 pips last week. BoE may swap mortgage-backed securities for government bonds for up to three years. […]
U.S. fundamental statistics, that were released today in abundance, appeared to be worse than the market analysts expected. It helped the EUR/USD currency pair to reach its new absolute maximum value at 1.5968 and kept dollar bearish also against the other major currencies.
CPI (Consumer Price Index) rose 0.3% in March — at the same pace […]
European Union import duties on bananas flout global trade rules, the World Trade Organization (WTO) has ruled.
The WTO case was brought by Ecuador, which, along with other Latin American countries, claims the EU favours Caribbean and African producers.
The EU said it was considering appealing against the ruling.
The ruling is the latest in […]