The Great Britain Pound (GBP) had a surge of +1.34% reached 1.2776 which is its highest level of last five months. The Pound rate driver was today’s overall agreement between Britain and Europe Union on Brexit which is said to be announced by the end of the day. The two sides are racing to reach…
U.S. increased the tariffs on steel import from Turkey from 25% to 50% because of Turkey attack to Syria. At the same new sanctions were imposed on Turkish authorities. This issue with the weakness of Turkish Lira caused the export steel price of Turkey and the global steel prices including CIS steel price index to…
US is preparing new powerful sanctions against Turkey. At the same time Germany, France and Netherlands also decided to impose sanctions on selling weapons to Turkey. The aim is to force turkey to retreat from Syria and support Kurds.
The -8.5% drop of the Chinese import in last month which mostly included oil and minerals was overrated the market expectation of -5.2% and was the pressure factor on the minerals and market transactions. However, the positive effects of the US and China trade agreements could control a part of this pressure and might be…
The US president during the announcement of a trade agreement with China said it’s a good time for purchasing land for agriculture. Trump added that China has promised to purchase crops about 40-50 billion dollars and other disputes including banking disputes, opening a financial system for US companies in China, etc. have been solved. The…
According to CFTC, last week ,market participants added 9435 contracts=-1.3 billion dollar to the bets on Europe currency value decrease, causing the Euro SHORT selling to reach its highest level in last 4 months (-10.3 billion dollar).
#Zinc with a +4.9% surge together with +3.6% growth of Iron ore Concentrate and +3.3% in Turkey’s import Scrap was the market winners of the week. Sponge briquettes price was descending and Venezuela’s index has dropped -9.3% this week. South African ports’ Manganese ore price also had a -7% fall.
China and US trade negotiations continue today. Trump said that the negotiations are positive and as soon as it is finalized, he will sign it on behalf of his country, no need for politically complex Congressional Approval Process. He called it a fast and clean deal! Gold price dropped 01% in response to this news…
Turkish Lira continues a bearish trend in global markets, down 3.1% WOW. Tensions between US and Turkey have increased significantly and it seems that US going to impose sanctions on Turkey as it has attacked to parts of Syria and Iraq with Kurd residents. The draft of sanctions includes boycott of selling weapons to Turkey,…
US crude stock which published by API, has increased 4.1 million barrels WOW while the market expected it to grow 1.4 million barrels! This issue as well as the trade war between the superior economies and the continuous concern about the world’s economy put pressure on demand and decrease prices. China is unpleasant that its…
