Crude Oil Gets Set for Another Round of Growth

The oil price is ready for further growth, and this year it might consolidate in the area of 7075, not ruling out bounces up to 85. The rally in early November overheated the price by March, which turned out to be a natural correction from the peak levels of the previous month. The price corrected […]
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Chinese Nio says Chip Shortage will Slow Car Deliveries

Chinese electric car startup Nio said Friday it expects a global chip shortage will drag down vehicle deliveries in the second quarter. A fire in March at a Japanese chip factory owned by Renesas has exacerbated an existing shortfall in semiconductors that has forced major automakers to cut production. Without naming the factory, Nios Chairman […]
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EUR Knocked by Weak Germany GDP Report

Germanys GDP fell by 1.7 in the first quarter, says Destatis. The fall to the same period a year earlier is 3.3. This is in clear contrast to the USA, where the economy is already 0.4 above prepandemic levels. Germany, and the eurozone as a whole, has suffered repeated lockdowns due to the third wave […]
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