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Zimbabwe's annual inflation surged to 3,714 percent in April, ahead of a new pricing and incomes law approved by President Robert Mugabe in a fresh bid to rein in the inflation spiral.
Algerian Energy Minister Chakib Khelil on Wednesday ruled out an increase in OPEC crude oil production to curb prices that are hovering around 70 dollars a barrel.
Technical analysis is the study of price movement on the basis of charts. It is also the study of repetitive price patterns portraying our psyche.
The echoes of hurricane Dean have not passed away when hurricane Felix is endangering refineries in the Mexican Bay.
In simple words the trend is the direction in which market prices moves in. Prices could move in three directions specifying what type of trend we are encountering:
1. Increase trend: An increase trend is a trend where tops and bottoms are higher and higher.
2. Decrease trend: A decrease trend is where tops and bottoms are lower and lower.
3. Horizontal trend: A horizontal trend is where tops and bottoms are situated horizontally, portraying a calm in the market and a break prior to a new
Events that have occurred in the month of July on the Oil market can be divided into two periods
Prices of gold are reaching new highs after the US Federal Open Market Committee (FOMC) cut the federal funds rate by 50 basis points.
Dynamic price increases that can be observed since mid-August on the gold market are not stopping. On Friday, on the spot market a new 27-year high was reached at 739.50 USD per troy ounce.
Leaders of the Organisation of Petroleum Exporting Countries stressed the importance of world peace for the stability of oil prices, according to a final summit statement obtained by AFP on Sunday.
US chipmaker Advanced Micro Devices said Thursday microchip prices will remain under pressure as it battles to return to profitability after posting four consecutive quarterly losses.
Several firms and shops in Zimbabwe face prosecution after they breached price ceilings imposed by a state pricing watchdog, a state daily reported on Monday.