Category Archives: Latest news and important economic events

CUPRUM Coin – The cryptocurrency of the future

CUPRUM Coin is a start-up cryptocurrency project that will have a specific physical asset as a backup, an ultra-high purity nano Copper Powder. It is one of the most expensive elements in the world with end-consumers like the aerospace industry, but it is used mostly as a financial product due to its extreme and stable value. The world’s largest banks

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Would you buy a cryptocurrency that has a covered value with physical asset of 100%?

The market is floated with various cryptocurrencies without any fundamental value, but what if you would be able to buy crypto which has a totally covered value in the ratio of 1:1. For example, 1 Coin : 1 EUR covered value, but the concept will not be a “Stablecoin”. To spike this topic and poll a little bit, in Pre

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US Crude Oil Inventories shows mostly positive data for the price since July, but the price is still moving in between $35 and $43 per barrel

While the Crude Oil Inventories is mostly positive for the price since July, market players don’t see any reason for move the price above $43, or they simply can’t do it? That’s how the price is stuck in between $35 and $43 from months, as I wrote recently here. Lower point and strong support is placed at $34,50-$36,00, while the

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US Crude Oil Inventories in May shows big changes from week to week. The Crude oil price is still bullish

I didn’t posted week by week data because there was big changes in US crude oil stocks during May, from positive for the price with -4.983 on May 20 . to negative for the price a week later with 7.928 million barrels. No matter the down/up changes, the price remain bullish in May with high at $40.00 per barell, today

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Crude Oil inventories 4590K

Crude inventories in the US rose by 4.590 million barrels in the week ended May 1st, 2020, following an 8.991 million increase in the previous period and compared with market forecasts of a 7.759 million advance, according to the EIA Petroleum Status Report. Meanwhile, gasoline inventories fell unexpectedly for the second straight week, down by 3.158 million. crude oil inventories 4590K

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US initial jobless claims 3839K, what brings the total job losses near to 30 million

In the week ending April 25, the advance figure for seasonally adjusted initial claims was 3,839,000, a decrease of 603,000 from the previous week’s revised level. The previous week’s level was revised up by 15,000 from 4,427,000 to 4,442,000. The 4-week moving average was 5,033,250, a decrease of 757,000 from the previous week’s revised average. The previous week’s average was

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Initial jobless claims bringing the total to over 22 million workers over the last 4 weeks

In the week ending April 11, the advance figure for seasonally adjusted initial claims was 5,245,000, a decrease of 1,370,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 6,606,000 to 6,615,000. The 4-week moving average was 5,508,500, an increase of 1,240,750 from the previous week’s revised average. The previous week’s average was

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US initial jobless claims 6606K

In the week ending April 4, the advance figure for seasonally adjusted initial claims was 6,606,000, a decrease of 261,000 from the previous week’s revised level. The previous week’s level was revised up by 219,000 from 6,648,000 to 6,867,000. The 4-week moving average was 4,265,500, an increase of 1,598,750 from the previous week’s revised  average. The previous week’s average was

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Nonfarm payroll employment falls by 701,000 in March; unemployment rate rises to 4.4%

Nonfarm payroll employment declined by 701,000 in March, and the unemployment rate increased to 4.4 percent, reflecting the broad impact on the job market of the coronavirus (COVID-19) and efforts to contain the illness. Employment fell by 459,000 in the leisure and hospitality industry, mainly in food services and drinking places. Notable employment decreases also occurred in health care and

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US Jobless claims soar to record high of 6,6 million

In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week’s revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous week’s level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving

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US GDP increased at an annual rate of 2.1 percent in the 4th Q of 2019

Gross Domestic Product, Fourth Quarter and Year 2019 (Third Estimate); Corporate Profits, Fourth Quarter and Year 2019 Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019 (table 1), according to the “third” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP also increased 2.1 percent. The

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US weekly EIA crude oil inventories +13833k, but the price is stuck at $20 for now

US weekly EIA crude oil inventories +13833k vs +3300k expected Prior was +1623K Gasoline +7524K vs +1200K exp Distillates -2194K vs +1000K exp Refinery utilization -5.0%  vs -1.0% exp Production 13.0 mbpd vs 13.0 mbpd prior API yesterday: Oil +10485K Cushing +2926K Gasoline +6058K Distillates -4458K The price of crude oil is firmly held at aprox $20 and it looks

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