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Gas: supply risks drive up European price as global steel production falls
Energy - Supply risks push up European gas prices European natural gas prices reached their highest level since January. TTF prices rose by 4.2 per cent yesterday to almost €34.76/MWh. This came after Austrian energy company OMV warned that there is a risk that...
Industrial metals: China’s stimulus boosts optimism
China's economic stimulus machine is already driving up prices of key commodities such as iron ore, steel and copper, although some doubts remain about the speed and effectiveness of the stimulus measures. North China's benchmark 62 percent spot iron ore rose Monday...
Global growth forecast is deteriorating rapidly
Global economic growth forecasts have deteriorated dramatically due to a confluence of factors. The Institute of International Finance (IIF) says the risk of global recession has increased significantly as the Omicron wave in China is more disruptive than previously...
Eur/Usd: pullback phase in progress
In the article of February 4 (read here) the projections identified the first short-term targets towards 1.1560 and 1.1700. The targets are still the same, with the current movement of Eur/Usd in pullback phase (physiological movement of return towards a purchase area...