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2018-04-04 16:33 | Report Abuse
If price still, better down to 0.10. I want to buy
2018-03-28 18:09 | Report Abuse
China is the world's biggest crude consumer and buys most of its oil from Russia. However, most settlements are still in US dollars. The launch of the petro-yuan now allows Moscow and Beijing to use national currencies instead.
China and Russia are actively reducing dependence on the dollar in bilateral trade. In October 2017, Beijing launched a payment system for transactions in yuan and Russian rubles. This means that settlements for Russian oil deliveries to China, which have reached 60 million tons per year, can be done without using the dollar.
After Monday's launch of the yuan-backed oil futures in Shanghai, there have been negotiation between Russia and China on mutual promotion of oil futures in national currencies, RIA Novosti reported. In 2016, the St. Petersburg exchange in Russia launched Urals oil futures in the Russian ruble, and support from China could prop up Russian crude futures.
China's new oil benchmark had a hugely successful debut. On the first day of trading in Shanghai, 62,500 contracts with more than 62 million barrels of crude traded for a notional value of nearly 27 billion yuan ($4 billion), Zerohedge reported. Glencore, Trafigura, Freepoint Commodities and other huge oil-trading corporations took part.
Russia held its position as China's largest crude oil supplier in February. Russia supplied 5.052 million tons, or 1.32 million barrels per day (bpd) last month, up 17.8 percent from a year earlier, according to Reuters, quoting the Chinese General Administration of Customs.
The increase in volume happened as a result of a second Sino-Russian oil pipeline, which began operations on January 1. It doubled China’s capacity to pump oil from the East Siberia-Pacific Ocean (ESPO) system. ESPO connects Russia and China with a direct pipeline
2018-03-27 10:58 | Report Abuse
After the election, myr may uptrend to 3.50 against USD.
2018-03-27 10:56 | Report Abuse
After the GE14, it shoot up to 3.50 against USD
2018-03-27 10:54 | Report Abuse
After GE14, ringgit may go up to 3.50 against USD.
2018-03-26 09:40 | Report Abuse
Fabio Teixeira / Pacific / Barcroft via Getty Images
Currency speculators continue to shun the US dollar.
Net short positioning among this cohort has hit the highest level in nearly four years.
Traders favouring the Japanese yen and commodity currencies such as the Australian, Canadian and New Zealand dollars.
The US dollar remains on the nose with currency traders.
According to ANZ Bank, citing data from the US Commodity Futures Trading Commission’s (CFTC) latest Commitment of Traders (CoT) report, leveraged funds sold the greenback again last week, leaving net short positioning in the dollar at the highest level since May 2014.
This chart from ANZ shows net US dollar positioning overlaid against movements in the US dollar index, or DXY.
2018-03-26 09:39 | Report Abuse
Fabio Teixeira / Pacific / Barcroft via Getty Images
Currency speculators continue to shun the US dollar.
Net short positioning among this cohort has hit the highest level in nearly four years.
Traders favouring the Japanese yen and commodity currencies such as the Australian, Canadian and New Zealand dollars.
The US dollar remains on the nose with currency traders.
According to ANZ Bank, citing data from the US Commodity Futures Trading Commission’s (CFTC) latest Commitment of Traders (CoT) report, leveraged funds sold the greenback again last week, leaving net short positioning in the dollar at the highest level since May 2014.
This chart from ANZ shows net US dollar positioning overlaid against movements in the US dollar index, or DXY.
2018-03-25 23:34 | Report Abuse
China Prepares Death Blow To The Dollar
By ZeroHedge - Mar 24, 2018, 12:00 PM CDT China Dollar
On March 26 China will finally launch a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council.
With that approval, the “petroyuan” will become real and China will set out to challenge the “petrodollar” for dominance. Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), already warned last year that China launching a yuan-denominated oil futures contract will shock those investors who have not been paying attention.
This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency.
But this isn’t just some slow, news day “fad” that will fizzle in a few days.
2018-03-25 23:33 | Report Abuse
China Prepares Death Blow To The Dollar
By ZeroHedge - Mar 24, 2018, 12:00 PM CDT China Dollar
On March 26 China will finally launch a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council.
With that approval, the “petroyuan” will become real and China will set out to challenge the “petrodollar” for dominance. Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), already warned last year that China launching a yuan-denominated oil futures contract will shock those investors who have not been paying attention.
This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency.
But this isn’t just some slow, news day “fad” that will fizzle in a few days.
2018-03-25 15:13 | Report Abuse
Oil price crosses $70 amid Iran deal tensions
24 MARCH 2018
Oil prices rose as investors saw increasing possibility that the US could withdraw from the historic Iran nuclear deal.
Crude oil prices posted their biggest weekly gain in eight months with rising geopolitical risk in the Middle East threatening security supply once again.
International benchmark Brent crude gained 6.6 percent this week, briefly reaching $70.58 a barrel on Friday.
American benchmark West Texas Intermediate (WTI) rose 5.7 percent this week and climbed as high as $66 a barrel.
While both benchmarks reached Friday their highest level since January 29, they also posted their best weekly gains since the last week of July 2017.
2018-03-25 15:12 | Report Abuse
Oil price crosses $70 amid Iran deal tensions
24 MARCH 2018
Oil prices rose as investors saw increasing possibility that the US could withdraw from the historic Iran nuclear deal.
Crude oil prices posted their biggest weekly gain in eight months with rising geopolitical risk in the Middle East threatening security supply once again.
International benchmark Brent crude gained 6.6 percent this week, briefly reaching $70.58 a barrel on Friday.
American benchmark West Texas Intermediate (WTI) rose 5.7 percent this week and climbed as high as $66 a barrel.
While both benchmarks reached Friday their highest level since January 29, they also posted their best weekly gains since the last week of July 2017.
2018-03-24 17:56 | Report Abuse
Safe haven are eur,jpy,chf,gold
2018-03-24 17:54 | Report Abuse
Currencies vulnerable to trade war are hkd,nzd,aud,usd,cad,try,cny,
2018-03-23 12:39 | Report Abuse
China is taking a measured approach with its proposal to slap retaliatory tariffs on U.S. goods, according to experts.
Beijing on Friday said it may target 128 U.S. products with an import value of only $3 billion in response to President Donald Trump's announcement of tariffs on up to $60 billion in Chinese imports.
U.S. goods exported to China in 2016 totaled $115.6 billion, according to official data. Given the size of the two countries' trade, Beijing's limited focus on just $3 billion of U.S. imports is "very cautious," according to a former assistant U.S. Trade Representative for China Affairs.
2018-03-23 12:37 | Report Abuse
China is taking a measured approach with its proposal to slap retaliatory tariffs on U.S. goods, according to experts.
Beijing on Friday said it may target 128 U.S. products with an import value of only $3 billion in response to President Donald Trump's announcement of tariffs on up to $60 billion in Chinese imports.
U.S. goods exported to China in 2016 totaled $115.6 billion, according to official data. Given the size of the two countries' trade, Beijing's limited focus on just $3 billion of U.S. imports is "very cautious," according to a former assistant U.S. Trade Representative for China Affairs.
2018-03-22 09:30 | Report Abuse
Brent uptrend $69 per barrel and above.
2018-03-16 21:10 | Report Abuse
The dollar slumped on Friday, sliding the most against the yen, as traders moved into currencies considered more safe. The move came as U.S. political worries returned, on reports that U.S. President Donald Trump was planning to fire his national security adviser, H.R. McMaster.
2018-03-16 21:09 | Report Abuse
The dollar slumped on Friday, sliding the most against the yen, as traders moved into currencies considered more safe. The move came as U.S. political worries returned, on reports that U.S. President Donald Trump was planning to fire his national security adviser, H.R. McMaster.
2018-03-16 14:52 | Report Abuse
When will the right issue come out? Until now, no news.
2018-03-16 14:39 | Report Abuse
Is epf goreng up? If does, then be cautious. May goreng temporary and dump to you guy. At the end, it will fall. Ada untung banyak, boleh jual dulu.
2018-03-05 12:09 | Report Abuse
Si botak will not fry the share. He will release the umpan and pancing the fish. The fishes is people who chase the share.
2018-03-03 20:50 | Report Abuse
So long only up few cents. Waste of time to collect it.
2018-03-03 20:48 | Report Abuse
I don't believe psiptek will going up. Just up little bit to pancing you guy.
2018-02-09 17:51 | Report Abuse
US Government shuts down for second time in 2018 as Congress misses deadline.
2018-02-09 17:49 | Report Abuse
US Government shuts down for second time in 2018 as Congress misses deadline.
2018-02-09 17:47 | Report Abuse
US Government shuts down for second time in 2018 as Congress misses deadline.
2018-01-25 07:07 | Report Abuse
Brent crude break $70 and above.
2018-01-25 07:05 | Report Abuse
Brent crude break $70 and above.
2018-01-20 14:32 | Report Abuse
US shutdown begins as Senate fails to pass new budget
20 January 2018 US & Canada
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2018-01-20 14:31 | Report Abuse
US shutdown begins as Senate fails to pass new budget
20 January 2018 US & Canada
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2018-01-20 14:23 | Report Abuse
BUDGET Published January 20, 2018
Government braces for shutdown as Senate fails to meet deadline for spending deal
Adam Shaw By Adam Shaw, Alex Pappas, Matt Richardson | Fox News
2018-01-20 14:22 | Report Abuse
BUDGET Published January 20, 2018
Government braces for shutdown as Senate fails to meet deadline for spending deal
Adam Shaw By Adam Shaw, Alex Pappas, Matt Richardson | Fox News
2018-01-20 14:14 | Report Abuse
U.S. Shutdown Starts as Senate Democrats Block GOP Funding Plan
By Laura Litvan , Erik Wasson , and Anna Edgerton
January 20, 2018, 1:18 PM GMT+8
Updated on January 20, 2018, 1:42 PM GMT+8
Government funding set to end at midnight Friday without deal
Both parties unable to break deadlock over immigration
The U.S. government officially entered a partial shutdown early Saturday as Senate Democrats and a handful of Republicans blocked a House-passed bill to fund the government after the two parties failed to break their deadlock over immigration.
2018-01-20 14:13 | Report Abuse
U.S. Shutdown Starts as Senate Democrats Block GOP Funding Plan
By Laura Litvan , Erik Wasson , and Anna Edgerton
January 20, 2018, 1:18 PM GMT+8
Updated on January 20, 2018, 1:42 PM GMT+8
Government funding set to end at midnight Friday without deal
Both parties unable to break deadlock over immigration
The U.S. government officially entered a partial shutdown early Saturday as Senate Democrats and a handful of Republicans blocked a House-passed bill to fund the government after the two parties failed to break their deadlock over immigration.
2018-01-04 07:17 | Report Abuse
Brent price reached near $78/barrel.
2018-01-04 07:16 | Report Abuse
Brent price now at $77.92/barrel
2018-01-03 11:21 | Report Abuse
Oil could hit $80 per barrel by the end of 2018, says portfolio manager
Published 8 Mins Ago
CNBC.com
It's not preposterous to expect oil prices to hit $80 per barrel by the end of 2018, said Yoon Chou Chong, head of Asian equities at Natixis Asset Management
Production cuts and the need to maintain stability ahead of the widely-anticipated Saudi Aramco IPO will support oil prices, Chong said
Asian stocks, in particular Chinese shares, also have room to gain further, he added
This year could mark a comeback for commodities, with oil potentially hitting $80 per barrel, a portfolio manager said on Wednesday.
2018-01-03 11:20 | Report Abuse
Oil could hit $80 per barrel by the end of 2018, says portfolio manager
Published 8 Mins Ago
CNBC.com
It's not preposterous to expect oil prices to hit $80 per barrel by the end of 2018, said Yoon Chou Chong, head of Asian equities at Natixis Asset Management
Production cuts and the need to maintain stability ahead of the widely-anticipated Saudi Aramco IPO will support oil prices, Chong said
Asian stocks, in particular Chinese shares, also have room to gain further, he added
This year could mark a comeback for commodities, with oil potentially hitting $80 per barrel, a portfolio manager said on Wednesday.
2018-01-03 11:18 | Report Abuse
Iranian Crisis Could Send Oil To $100
By Nick Cunningham - Jan 02, 2018, 6:00 PM CST
Oil
Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time in years.
The protests in Iran were the main driver of the bullish sentiment in the oil market. Anti-government demonstrations swept across the country in recent days, and unlike the widespread protests in 2009, the current rallies are related to economic woes and are also taking place in more cities than just Tehran. “Growing unrest in Iran set the table for a bullish start to 2018,” the Schork Report said in a note to clients on January 2.
At least 14 people have been killed in the protests and an estimated 450 have been arrested. It is the most serious challenge to the Iranian government in years, and Iran’s Supreme Leader put the blame on foreign agents, presumably the United States. “In recent days, enemies of Iran used different tools including cash, weapons, politics and intelligence apparatus to create troubles for the Islamic Republic,” Ayatollah Ali Khamenei said.
Meanwhile, tension over North Korea – although not a new development – could be spreading to include a spat between the U.S. and Russia as well as the U.S. and China. Reuters reported late last week that Russian oil tankers have sent fuel to North Korea on multiple occasions in the last few months by transferring cargoes at sea. If true, the actions would amount to a violation of UN sanctions. Sources told Reuters that there is no evidence that the Russian state was involved, but the news has raised the specter of U.S.-Russian tension as Washington seeks a hard line on Pyongyang.
2018-01-03 11:15 | Report Abuse
Iranian Crisis Could Send Oil To $100
By Nick Cunningham - Jan 02, 2018, 6:00 PM CST
Oil
Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time in years.
The protests in Iran were the main driver of the bullish sentiment in the oil market. Anti-government demonstrations swept across the country in recent days, and unlike the widespread protests in 2009, the current rallies are related to economic woes and are also taking place in more cities than just Tehran. “Growing unrest in Iran set the table for a bullish start to 2018,” the Schork Report said in a note to clients on January 2.
At least 14 people have been killed in the protests and an estimated 450 have been arrested. It is the most serious challenge to the Iranian government in years, and Iran’s Supreme Leader put the blame on foreign agents, presumably the United States. “In recent days, enemies of Iran used different tools including cash, weapons, politics and intelligence apparatus to create troubles for the Islamic Republic,” Ayatollah Ali Khamenei said.
Meanwhile, tension over North Korea – although not a new development – could be spreading to include a spat between the U.S. and Russia as well as the U.S. and China. Reuters reported late last week that Russian oil tankers have sent fuel to North Korea on multiple occasions in the last few months by transferring cargoes at sea. If true, the actions would amount to a violation of UN sanctions. Sources told Reuters that there is no evidence that the Russian state was involved, but the news has raised the specter of U.S.-Russian tension as Washington seeks a hard line on Pyongyang.
Stock: [AGES]: AGESON BERHAD
2018-04-04 16:34 | Report Abuse
Better down to 0.01, then can buy many.