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USOIL Rising after US Oil Inventories drop

On 24th of March, we had mentioned the importance of US Oil inventories. The trend was rising for quite a while and the drop created relative balance in the market, opposing OPEC’s decision to limit the oil production on specific levels. However, yesterday, the American Petroleum Institute reported U.S. crude oil inventories fell by 1.8 […]

Twenty-five banks failed a stress test led by the ECB…

  Good Morning,   – The euro was up at $1.27 level, edging away from a two-week low of $1.2614 hit last week in wake of concerns about the bank stress tests. – Asian equities rose on Monday, taking heart from economic data and slightly better than expected health checks on euro zone banks, that […]

U.S. shares ended mildly lower after a volatile session…

  Good Morning,   – U.S. shares ended mildly lower after a volatile session, bucking the trend of overseas indexes, which fell sharply as weak data in Europe and China underlined the uncertain growth outlook. – Asian shares: Japan’s Nikkei +0.89%, Hong Kong’s Hang Seng -0.17%(07:00 GMT), Korea’s Kospi  +0.22%, Australia’s ASX 200 -1.52% and […]