The price of crude oil crossed $70 per barrel today, the highest since November 2014.
US firm ConocoPhillips has taken over oil inventories and terminals of Venezuelan state-owned PDVSA under court orders to enforce a $2 billion arbitration award by the International Chamber of Commerce. Further, US President Donald Trump said he’d announce his decision on the Iran nuclear deal on Tuesday. Both developments contributed to soaring oil prices. Continue reading “Oil highest since November 2014; Dollar index hits its highest level in 2018; Warren Buffett and Bill Gates on Cryptocurrencies”
The Bank of England Governor Mark Carney delivered a speech titled “The Future of Money” at the University of Edinburgh on March 2, 2018. Goes without saying Cryptocurrencies came up. Continue reading “The Governor of the Bank of England is right on cryptocurrencies”
We look at what would it mean if Cryptocurrencies contributed to economic data such as GDP (via mining activity) or global money supply (as a currency) in 2017 and some more things, Continue reading “If Cryptocurrencies contributed to economic data points such as GDP or global money supply in 2017 plus some other things”
The Dow Jones Industrial Average Index suffered its largest fall in absolute terms on Monday (February 5, 2018), it fell 1,175.21 points or 4.60%. Continue reading “Dow Jones Industrial Average suffers its largest absolute fall ever, did Google Trends predict the Bitcoin price crash?”
As the 45th President of the United States of America completes his first year in office here is how equities, currencies, bonds and commodities performed in his first year of the Presidency, Continue reading “USA equities, currencies, bonds and commodities performance in the first year of the 45th President”