Commodities
Stocks dropped like a rock on Monday after China made good on its promise to retaliate – raising taxes on U.S. goods, largely agricultural products. The tariff increase to 25% from 10% on US$60 billion worth of U.S. goods, although smaller in value as compared to Trump’s US$200 billion, was enough to cause damage to […]
... written on May 14 2019If you’re trading online, it’s crucial that you understand how the global economy works. This will give you the knowledge and expertise to interpret economic data. You can then apply this knowledge when making trading decisions. For example, when the US markets fall, there is a probability that Asian and European markets will fall as […]
... written on Apr 26 2019The oil price has skyocketed to 6-month high, as Trump’s crackdown on Iran is about to begin. The world is supposed to stop buying Iranian oil by May 1 – or face sanctions. That’s the order from the superpower United States of America. The announcement from President Donald Trump’s administration on Monday would end the […]
... written on Apr 24 2019Brent oil prices rose on Thursday, touching US$70 per barrel for the first time in nearly five months. The crude price has seen a slow but consistent rally from its low of about US$50 a barrel in December last year, thanks largely to supply cuts by OPEC and its non-OPEC partner Russia, not to mention […]
... written on Apr 05 2019Very little was known about Saudi Aramco, the world’s biggest oil producer. Now, as the organization that produces about 10% of the world’s crude raises cash from the international financial market through bond sales, its financial secrets have slowly emerged. As part of a global roadshow, Aramco is now forced to reveal secrets closely guarded since […]
... written on Apr 02 2019PAS President Abdul Hadi Awang’s tongue has gotten so severely tangled due to excessive lying that he could not keep track which lie is supposed to cover which lie. Fortunately, he has the ultimate WMD (weapon of mass distraction) – Islam. When he could not twist and turn anymore, he will flash the religion to […]
... written on Mar 10 2019Russian Ambassador to the United Nations, Vassily Nebenzia, revealed on Tuesday (Feb 26) that the United States is preparing to overthrow the stubborn Venezuelan President Nicolas Maduro – through military intervention. Speaking at the U.N. Security Council meeting, Russia warned that the country’s sovereignty should be respected. On the same day, Nikolai Patrushev, secretary […]
... written on Feb 27 2019The Dow Jones posted its ninth consecutive week of advances, its longest weekly winning streak in nearly 24 years. This was the first time the DJIA (Dow Jones Industrial Average) index crossed 26,000 points since November 9, and the nine straight week gains marked the longest streak since a 10-week run between March and May […]
... written on Feb 23 2019Last month, the IMF (International Monetary Fund) lowered its global economic growth forecast for this year (2019) from 3.7% to 3.5%. Now, the organisation has a new warning – prepares for an economic storm. Speaking at the World Government Summit in Dubai, the IMF Managing Director Christine Lagarde said – “We see an economy that […]
... written on Feb 11 2019Finally, the much overdue price reduction of fuel is here. While Americans enjoyed gasoline as low as US$1.49 a gallon or RM1.63 a litre, Malaysians had to pay RM2.20 a litre for RON95. Effective 12.01am Saturday (Jan 5), RON95 and RON97 will see a reduction of 27 sen from RM2.20 per litre to RM1.93 per […]
... written on Jan 05 2019
