Penny Collins

Penny Collins is a young commercial banking specialist, graduated from the Pepperdine University, Malibu. She’s primary focus is on on investment and corporate banking, resulting in her Master Degree In Finance from Hong Kong University. Her experience encompasses working for Community Bank and CitiGroup Bank as an intern and professional financial advisor.

Safe-haven currencies soared on Monday due to Omicron fears

Safe-haven currencies soared on Monday due to Omicron fears

 The safe-haven currencies rallied on Monday as investors favored them over riskier ones. Market players feared that the governments might impose further curbs in Europe to hinder the spread of the Omicron coronavirus variant. Furthermore, the U.S. Federal Reserve’s hawkish stance supported the greenback.  After observing last week’s slew of major central bank meetings, traders …

Safe-haven currencies soared on Monday due to Omicron fears Read More »

China's oil imports suffer from the steep decline

Oil Prices Fell by About $3 on Monday Due to Omicron Surge

The surge in Omicron coronavirus variants in Europe and the United States has sparked investors’ concerns. The new restrictions on actions taken to curb its spread may hit fuel demand. At 1330 GMT, Brent crude oil futures fell by US$2.79, or 3.7%, to US$70.73 per barrel, while U.S. West Texas Intermediate (WTI) crude oil futures …

Oil Prices Fell by About $3 on Monday Due to Omicron Surge Read More »

U.S. dollar declined as the Fed adopted a hawkish stance

U.S. dollar declined as the Fed adopted a hawkish stance

The U.S. dollar traded under pressure on Friday. The European Central Bank and the Bank of England adopted more hawkish stances than forex markets had expected, boosting the euro and sterling. However, concerns about the Omicron coronavirus variant soured sentiment, pushing the risk-sensitive Australian dollar in the red and bolstering the safe-haven Japanese yen. The …

U.S. dollar declined as the Fed adopted a hawkish stance Read More »

Euro and Sterling rallied Thursday while dollar backpedaled 

Euro and Sterling rallied Thursday while dollar backpedaled 

The Euro and British Pound rallied on Thursday. Investors are waiting for the ECB and Bank of England monetary policy meetings. Meanwhile, the U.S. Federal Reserve has already unveiled its tightening plans. Traders will know the outcome of the European Central Bank meeting at 1245 GMT and the Bank of England’s at 1200 GMT.  On …

Euro and Sterling rallied Thursday while dollar backpedaled  Read More »

Oil rebounds to maximums since March, exceeding $40 per barrel

Half of The Oil Pipeline Space in The Us Got Empty: Why?

Approximately half of the oil pipeline space in the United States is not in use. This increases competition for oil in high-yield areas such as the Permian Basin in Texas. The total pipeline capacity utilization rate in the United States is about 50%. In contrast, thee numbers were 60% to 70% before the coronavirus pandemic …

Half of The Oil Pipeline Space in The Us Got Empty: Why? Read More »

The dollar firmed, while Lira and EM currencies declined 

The dollar firmed, while Lira and EM currencies declined 

The U.S. dollar was steady on Wednesday while traders waited to see if the U.S. Federal Reserve would meet market expectations for rate hikes in 2022. The agency’s policy statement and economic projections will come later today.  Investors have been betting for the Fed to end its bond-buying around March. Afterward, the agency will likely …

The dollar firmed, while Lira and EM currencies declined  Read More »

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