#axitrader withdrawal

[fxasker-blog]

WHAT IS INSTANT EXECUTION WITH Hello Brokers?

WHAT IS INSTANT EXECUTION WITH Hello Brokers? Read More http://fxasker.com/question/3098f78ad732f117/ FXAsker

[godreamnft]

How To Pick The Best Cyptocurrency Brokerage.

When choosing cryptocurrency brokers, it is crucial to conduct preliminary research. There are a number of factors to consider, including the fees the brokerage charges, the level of customer service offered, and the broker’s overall reputation.

Another important factor to consider is the cryptocurrency platform the brokerage uses. Some brokers offer both cryptocurrency and traditional stock trading platforms, while others focus exclusively on cryptocurrencies. It’s important to find a broker that offers the features and accessibility you need to execute your trades successfully.

eToro 6 Best Cryptocurrency Brokers In Australia And Canada eToro Founded:2007. eToro is a multi-asset brokerage business and social trading platform that specializes in financial and copy trading services. Registered offices are located in Cyprus, Israel, the United Kingdom, the United States, and Australia.

Pros

Low minimum investment Offers access to more than 30 cryptocurrencies User-Friendly Platform Social investing- You can imitate the track records of other great traders. Cons

No crypto-to-crypto trading High Trading Fees Avatrade This is a one-stop shop for a wide range of financial asset classes, including forex, stocks, commodities, indices, and cryptocurrencies. The broker is based in Dublin, Ireland, and has regional offices in Australia, South Africa, China, Japan, France, Spain, and Italy.

Offers access to more than 55 cryptocurrencies

The AvaTradeGO app may be more convenient for some people than MetaTrader 4’s simplicity of use.

Eightcap Eightcap is one of the most affordable Australian forex brokers. The account opening procedure was quick and simple, with free deposits and withdrawals available via a user-friendly interface.

Eightcap, a multi-award-winning Forex and derivatives broker based in Melbourne, Australia, was founded in 2009 and offers CFDs on stocks, currencies, indices, commodities, and cryptocurrencies.

SpreadEx Spreadex is a well-known online brokerage business that specializes in spread betting and online trading. You may gain quick access to the markets for spread betting and trading CFDs on a very amazing array of financial instruments across a number of asset classes, including forex, crypto, and so on, using the broker’s own web-based trading platform and smart mobile applications.

Minimum Deposit: $0

Axitrader There are a total of 53 currency pairs accessible for trading, as well as CFDs. Devoted to seeing you succeed in the long run. Fundamental tools, training materials, trade knowledge, and professional coaching to help you grow over time

Axi is governed by a number of financial regulators throughout the world, including the UK’s Financial Conduct Authority (FCA), Australia’s Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA).

Ovalx It is a global commerce platform in the sense that it operates in 190 countries, including those in Africa and Europe. The United Kingdom, Germany, Australia, South Africa, Thailand, and China are among Ovalx’s primary markets.

Minimum Deposit: 100

Cryptocurrency Brokers Fees Crypto brokers’ fees can vary a lot, but some common fees are usually around 0.25% of the traded value. This means that if you are trading $1,000 worth of cryptocurrency, you might pay $25 in fees. Fees can also increase if you are trading in high-volume assets. Some brokers also charge a fee for withdrawing funds.

Is a Cryptocurrency Broker Trustworthy? Cryptocurrency brokers are a popular way to invest in digital currencies. But are they trustworthy?

The short answer is that some cryptocurrency brokers are more trustworthy than others.

Some cryptocurrency brokers have been around for a while and have a good reputation. These brokers are usually the ones that offer the most comprehensive trading platforms and have the best customer service.

Other cryptocurrency brokers are new and may not have as much experience. They may not have as many trading platforms or may have less-than-excellent customer service.

If you’re looking for a cryptocurrency broker to invest in, it’s important to do your research and find one that you trust

[courtneytincher]

Hong Kong Leader’s Retreat Over Bill Fails to Satisfy Protesters

(Bloomberg) -- Carrie Lam’s move to formally withdraw a bill allowing extraditions to China may well have ended the Hong Kong unrest in June. But now protesters want a lot more, and they’re ready and willing to fight.After three months of at-times violent demonstrations, Hong Kong’s leader made her most significant concession yet on Wednesday evening. In a somber televised address, she told an anxious city that she was meeting a demand from protesters to officially scrap a proposal that ended up sparking the worst unrest since the former colony’s return to Chinese rule in 1997.“Incidents over these past two months have shocked and saddened Hong Kong people,” she said. “We are all very anxious about Hong Kong, our home. We all hope to find a way out of the current impasse and unsettling times.”But before she had even spoken, pro-democracy activists and lawmakers were already saying Lam’s concession was too little, too late. They want their other four demands met, most significantly a longstanding push to nominate and elect their own leaders -- a proposal Beijing explicitly ruled out this week.Read more: Why Hong Kong’s still protesting and where it may go“Hong Kong people will not be satisfied, which is absolutely reasonable after three months of blood, sweat and tears,” said Alvin Yeung, an opposition lawmaker.Lam was scheduled to hold a news conference at 11:15 a.m. to discuss her plans. The next few weeks will tell whether Lam -- and her backers in Beijing -- bet correctly that relenting on one key demand would deflate a protest movement that has only gotten more violent. President Xi Jinping is also facing a broader economic slowdown in China as he spars on trade with U.S. President Donald Trump.While investors reacted positively, giving the local benchmark Hang Seng Index its biggest gain in 10 months, most analysts saw the jump as a temporary bounce for a market that has been battered in recent months. The MSCI Hong Kong Index, which includes no mainland Chinese stocks, fell as much as 1.1% Thursday. “It’s positive but may only provide a temporary solution,” said Stephen Innes, Asia Pacific Market Strategist at AxiTrader. “I can’t see Hong Kongers going merrily along. I think the divide runs deeper.”A timeline of how Hong Kong’s protests led to withdrawal of the extradition billFor Beijing, the move amounts to a shift in tactics as it looks to quell the violence before Xi gives a landmark speech to celebrate 70 years of Communist Party rule on Oct. 1. A spokesman for the top mainland body overseeing Hong Kong on Tuesday deployed a softer tone in drawing a line between radical protesters and moderates, saying the “majority of Hong Kong’s citizens, including many young students, are taking part in peaceful demonstrations.”Lam on Wednesday stuck with that line while addressing the five demands of protesters. She downplayed the significance of using the term riot and said she couldn’t give amnesty to demonstrators charged with crimes because it ran contrary to the rule of law.Although she pledged to launch a study and review of the government’s work, she didn’t meet a demand for an independent commission. And she punted on the demand for universal suffrage, saying any discussions would need to take place “without further polarizing society.”“Our response to the five demands have been made with full consideration to different constraints and circumstances,” she said. “I recognize these may not be able to address all the grievances of people in society.”Protesters weren’t pleased. Users of online forum LIHKG -- a popular sounding board and organizing platform for demonstrators -- slammed Lam’s address shortly afterward.U.S. House Speaker Nancy Pelosi, who has spoken out frequently since the unrest began, urged Lam to go further in her concessions to protesters.“The pro-Beijing leadership in Hong Kong must ensure a political system accountable to the people, including granting universal suffrage and investigating police violence,” she said in a statement. “Democrats and Republicans continue to stand united with the people of Hong Kong in demanding the hopeful, free and democratic future that is their right.”Joshua Wong, the prominent student leader who led a previous wave of pro-democracy protests in 2014 and was recently arrested over his role in a rally, warned that a crackdown was coming: “Whenever there are signs of sending a palm branch, they always come with a far tighter grip on exercising civil rights.”More than 1,000 protesters have been arrested so far as they hold running battles with police. The most recent clashes last weekend saw protesters set a massive roadblock on fire in central Hong Kong and hurl around 100 Molotov cocktails at police, who responded with water cannons and tear gas.“Carrie Lam could use the bill’s withdrawal as a pretext to frame protesters as perpetrators of violence,” said Raymond Chan, a pro-democracy lawmaker in Hong Kong. “As the bill is formally withdrawn, the logic goes, then any ongoing protests must serve ulterior motives such as Hong Kong independence or a color revolution.”Up to now, some protesters have called for actions of civil disobedience -- like blocking roads, subway lines and access to the airport -- to pressure the government. Lam’s biggest concessions, including the one Wednesday, have come after an escalation of violence, reinforcing the idea that radical actions are more effective than peaceful marches that attract hundreds of thousands of people.The question now is whether protesters can sustain the momentum to push for their final goals. Lam indicated that she’s put her best offer on the table, and the toughest demand -- universal suffrage -- can only be decided by Beijing.“Genuine democracy in Hong Kong is not on the agenda, and will not be on the agenda,” said Steve Tsang, director the China Institute at London’s School of Oriental and African Studies and the author of several books on Hong Kong. “They are not just going to get softer and softer and softer. Xi Jinping cannot afford to allow the Hong Kong protesters to win against the Communist Party.”(Updates with Pelosi statement in 14th paragraph.)\--With assistance from Eric Lam and Shawna Kwan.To contact the reporter on this story: Iain Marlow in Hong Kong at imarlow1@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Karen LeighFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

from Yahoo News - Latest News & Headlines

(Bloomberg) -- Carrie Lam’s move to formally withdraw a bill allowing extraditions to China may well have ended the Hong Kong unrest in June. But now protesters want a lot more, and they’re ready and willing to fight.After three months of at-times violent demonstrations, Hong Kong’s leader made her most significant concession yet on Wednesday evening. In a somber televised address, she told an anxious city that she was meeting a demand from protesters to officially scrap a proposal that ended up sparking the worst unrest since the former colony’s return to Chinese rule in 1997.“Incidents over these past two months have shocked and saddened Hong Kong people,” she said. “We are all very anxious about Hong Kong, our home. We all hope to find a way out of the current impasse and unsettling times.”But before she had even spoken, pro-democracy activists and lawmakers were already saying Lam’s concession was too little, too late. They want their other four demands met, most significantly a longstanding push to nominate and elect their own leaders -- a proposal Beijing explicitly ruled out this week.Read more: Why Hong Kong’s still protesting and where it may go“Hong Kong people will not be satisfied, which is absolutely reasonable after three months of blood, sweat and tears,” said Alvin Yeung, an opposition lawmaker.Lam was scheduled to hold a news conference at 11:15 a.m. to discuss her plans. The next few weeks will tell whether Lam -- and her backers in Beijing -- bet correctly that relenting on one key demand would deflate a protest movement that has only gotten more violent. President Xi Jinping is also facing a broader economic slowdown in China as he spars on trade with U.S. President Donald Trump.While investors reacted positively, giving the local benchmark Hang Seng Index its biggest gain in 10 months, most analysts saw the jump as a temporary bounce for a market that has been battered in recent months. The MSCI Hong Kong Index, which includes no mainland Chinese stocks, fell as much as 1.1% Thursday. “It’s positive but may only provide a temporary solution,” said Stephen Innes, Asia Pacific Market Strategist at AxiTrader. “I can’t see Hong Kongers going merrily along. I think the divide runs deeper.”A timeline of how Hong Kong’s protests led to withdrawal of the extradition billFor Beijing, the move amounts to a shift in tactics as it looks to quell the violence before Xi gives a landmark speech to celebrate 70 years of Communist Party rule on Oct. 1. A spokesman for the top mainland body overseeing Hong Kong on Tuesday deployed a softer tone in drawing a line between radical protesters and moderates, saying the “majority of Hong Kong’s citizens, including many young students, are taking part in peaceful demonstrations.”Lam on Wednesday stuck with that line while addressing the five demands of protesters. She downplayed the significance of using the term riot and said she couldn’t give amnesty to demonstrators charged with crimes because it ran contrary to the rule of law.Although she pledged to launch a study and review of the government’s work, she didn’t meet a demand for an independent commission. And she punted on the demand for universal suffrage, saying any discussions would need to take place “without further polarizing society.”“Our response to the five demands have been made with full consideration to different constraints and circumstances,” she said. “I recognize these may not be able to address all the grievances of people in society.”Protesters weren’t pleased. Users of online forum LIHKG -- a popular sounding board and organizing platform for demonstrators -- slammed Lam’s address shortly afterward.U.S. House Speaker Nancy Pelosi, who has spoken out frequently since the unrest began, urged Lam to go further in her concessions to protesters.“The pro-Beijing leadership in Hong Kong must ensure a political system accountable to the people, including granting universal suffrage and investigating police violence,” she said in a statement. “Democrats and Republicans continue to stand united with the people of Hong Kong in demanding the hopeful, free and democratic future that is their right.”Joshua Wong, the prominent student leader who led a previous wave of pro-democracy protests in 2014 and was recently arrested over his role in a rally, warned that a crackdown was coming: “Whenever there are signs of sending a palm branch, they always come with a far tighter grip on exercising civil rights.”More than 1,000 protesters have been arrested so far as they hold running battles with police. The most recent clashes last weekend saw protesters set a massive roadblock on fire in central Hong Kong and hurl around 100 Molotov cocktails at police, who responded with water cannons and tear gas.“Carrie Lam could use the bill’s withdrawal as a pretext to frame protesters as perpetrators of violence,” said Raymond Chan, a pro-democracy lawmaker in Hong Kong. “As the bill is formally withdrawn, the logic goes, then any ongoing protests must serve ulterior motives such as Hong Kong independence or a color revolution.”Up to now, some protesters have called for actions of civil disobedience -- like blocking roads, subway lines and access to the airport -- to pressure the government. Lam’s biggest concessions, including the one Wednesday, have come after an escalation of violence, reinforcing the idea that radical actions are more effective than peaceful marches that attract hundreds of thousands of people.The question now is whether protesters can sustain the momentum to push for their final goals. Lam indicated that she’s put her best offer on the table, and the toughest demand -- universal suffrage -- can only be decided by Beijing.“Genuine democracy in Hong Kong is not on the agenda, and will not be on the agenda,” said Steve Tsang, director the China Institute at London’s School of Oriental and African Studies and the author of several books on Hong Kong. “They are not just going to get softer and softer and softer. Xi Jinping cannot afford to allow the Hong Kong protesters to win against the Communist Party.”(Updates with Pelosi statement in 14th paragraph.)\--With assistance from Eric Lam and Shawna Kwan.To contact the reporter on this story: Iain Marlow in Hong Kong at imarlow1@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Karen LeighFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

September 05, 2019 at 02:37AM via IFTTT

[aubreytownsend]

AxiTrader Review

AxiTrader is an Australian brokerage founded by traders for traders. Started in 2007, in the height of the financial crisis, that they have been through quite a bit and cut their teeth in some of the most difficult trading conditions we’ve ever seen. The brokerage has grown to be one of the largest brokerage firms in Australia, offering both retail and institutional trading for people around the world.

Trading accounts

  AxiTrader has two accounts that they offer, the Standard and the Pro account. The difference between the standard and the Pro account is spread, and whether or not there is commission. They offer the same type of trading and of course the same platforms, as well as the same margin. Overall, it comes down to whether you are looking for tighter spreads with commission, or no commission and spreads. Spreads are tight in the standard account though, so it’s not a major disadvantage.

The company

  AxiTrader is an award winning service coming to you from Australia, with 24 hours support, high liquidity, and tight spreads. They are well known for their exceptional client support, and the liquidity is sourced from multiple destination in the Forex markets. AxiCorp, the parent company of AxiTrader is regulated by the Australian Securities and Investments Commission, holding license number 318232. Because of this, you can look into their financial background, and any business dealings that they have in Australia, making the broker very transparent and reputable.

Trading conditions

Initial deposit

AxiTrader has a minimum deposit of just $200, but if you wish to get into the ECN account, then you are looking at an initial deposit of $2000. Because of this, you have the ability to trade with a very small amount of trading capital, assuming that you are okay with a standard account. Either way, if you are looking to trade Forex in a serious manner, $2000 is not much to put into the account.

Spreads and conditions

AxiTrader offers tight spreads, with as little as 1.0 pips being the spread for EUR/USD in the Standard account but can be as little as 0.1 pips in the Pro account. Obviously, this can change depending on the liquidity conditions, and of course the market that we are trading. Gold markets start at 14 pips and go down to 2 pips.

Leverage

AxiTrader offers a generous 1:400 amount of leverage on their Forex products, and as a result smaller accounts can build up quite quickly, but keep in mind that the opposite is also true. Overall, this is a market that can be dangerous at times, so by all means make sure you are very careful when using these high amounts of leverage, but obviously you do have to know what you’re doing if you do choose to take advantage of high leverage.

Trading platforms

  AxiTrader offers MetaTrader Pro, the paramount MetaTrader platform available. This allows for a DOM in trading, giving you access to liquidity information. Beyond that, there are several other benefits to using the professional platform, and those who have experience using the more common MetaTrader platforms, you will feel right at home with this powerful platform. Beyond that, there are all the usual MetaTrader opportunities and varieties as well.

Payment methods

  AxiTrader offers both deposit and withdrawal options including bank wire, credit card/debit, B2B, and Skrill. This allows traders to be able to access their money and fund their accounts rather easily, as most of you will have plenty of access to these options.

Extras

  AxiTrader has a strong educational section, offering education in both Forex and CFD markets. Trading signals are also available from other clients of AxiTrader, and of course there is very detailed commentary involving technical analysis. I think at this point, most brokers offer these tools, but Autochartist is also offered, which of course a lot of people like.

The post AxiTrader Review appeared first on The Diary of a Trader.

AxiTrader Review published first on http://thediaryofatrader.com/

[cleopatrarps]

Oil prices reach highest since November 2014 on Venezuela, Iran…

SINGAPORE (Reuters) – Key crude oil prices rose by 1 percent to their highest levels since late-2014 on Monday, pushed up by a deepening economic crisis in Venezuela and a looming decision on whether the United States will re-impose sanctions against Iran.

An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann

Brent crude oil futures were at $75.57 per barrel at 0650 GMT, up 70 cents, or 0.9 percent, from their last close. Earlier in the session, they touched their highest since November 2014 at $75.89 a barrel.

U.S. West Texas Intermediate (WTI) crude futures rose 70 cents, or 1 percent, to $70.42 per barrel. Monday was the first time since November 2014 that WTI had climbed above $70 per barrel.

Meanwhile, China’s Shanghai crude oil futures, launched in March, broke their dollar-converted record-high of $71.32 per barrel by rising as far as $72.54 on Monday.

Open interest and traded volumes for Shanghai crude also hit a fresh record on Monday.

Analysts warned that the deepening economic crisis in major oil exporter Venezuela threatened to further crimp its production and exports.

Shannon Rivkin, investment director of Australia’s Rivkin Securities, said that oil prices had been driven up due to “growing concerns over the economic collapse of Venezuela and its oil industry, plus possible new sanctions against Iran from the Trump administration”.

U.S. oil firm ConocoPhillips has moved to take key Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award, actions that could further impair PDVSA’s declining oil production and exports.

Venezuela’s oil output has halved since the early 2000s to just 1.5 million barrels per day (bpd), as the South American country has failed to invest enough to maintain its petroleum industry.

Beyond Venezuela’s woes, Greg McKenna, chief market strategist at futures brokerage AxiTrader, said “the big story this week is going to be about oil and the Iran Nuclear deal”. Most market participants expect Trump to withdraw from the pact, he said.

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on Iran’s nuclear program.

Expressing doubts over Iran’s sincerity, Trump has threatened to walk away from the 2015 agreement by not extending sanctions waivers when they expire on May 12, which would likely result in a reduction of Iran’s oil exports.

Looming over markets, however, is surging U.S. output, which has soared by more than a quarter in the last two years, to 10.62 million bpd.

U.S. output will likely rise further this year, towards or past Russia’s 11 million bpd, as its energy firms keep drilling for more.

U.S. energy companies added nine oil rigs looking for new production in the week to May 4, bringing the total count to 834, the highest level since March 2015, energy services firm Baker Hughes said last Friday.

Reporting by Henning Gloystein and Roslan Khasawneh; Editing by Richard Pullin and Joseph Radford

The post Oil prices reach highest since November 2014 on Venezuela, Iran… appeared first on World The News.

from World The News https://ift.tt/2jFqYxn via News of World

[dragnews]

Oil prices reach highest since November 2014 on Venezuela, Iran…

SINGAPORE (Reuters) – Key crude oil prices rose by 1 percent to their highest levels since late-2014 on Monday, pushed up by a deepening economic crisis in Venezuela and a looming decision on whether the United States will re-impose sanctions against Iran.

An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann

Brent crude oil futures were at $75.57 per barrel at 0650 GMT, up 70 cents, or 0.9 percent, from their last close. Earlier in the session, they touched their highest since November 2014 at $75.89 a barrel.

U.S. West Texas Intermediate (WTI) crude futures rose 70 cents, or 1 percent, to $70.42 per barrel. Monday was the first time since November 2014 that WTI had climbed above $70 per barrel.

Meanwhile, China’s Shanghai crude oil futures, launched in March, broke their dollar-converted record-high of $71.32 per barrel by rising as far as $72.54 on Monday.

Open interest and traded volumes for Shanghai crude also hit a fresh record on Monday.

Analysts warned that the deepening economic crisis in major oil exporter Venezuela threatened to further crimp its production and exports.

Shannon Rivkin, investment director of Australia’s Rivkin Securities, said that oil prices had been driven up due to “growing concerns over the economic collapse of Venezuela and its oil industry, plus possible new sanctions against Iran from the Trump administration”.

U.S. oil firm ConocoPhillips has moved to take key Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award, actions that could further impair PDVSA’s declining oil production and exports.

Venezuela’s oil output has halved since the early 2000s to just 1.5 million barrels per day (bpd), as the South American country has failed to invest enough to maintain its petroleum industry.

Beyond Venezuela’s woes, Greg McKenna, chief market strategist at futures brokerage AxiTrader, said “the big story this week is going to be about oil and the Iran Nuclear deal”. Most market participants expect Trump to withdraw from the pact, he said.

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on Iran’s nuclear program.

Expressing doubts over Iran’s sincerity, Trump has threatened to walk away from the 2015 agreement by not extending sanctions waivers when they expire on May 12, which would likely result in a reduction of Iran’s oil exports.

Looming over markets, however, is surging U.S. output, which has soared by more than a quarter in the last two years, to 10.62 million bpd.

U.S. output will likely rise further this year, towards or past Russia’s 11 million bpd, as its energy firms keep drilling for more.

U.S. energy companies added nine oil rigs looking for new production in the week to May 4, bringing the total count to 834, the highest level since March 2015, energy services firm Baker Hughes said last Friday.

Reporting by Henning Gloystein and Roslan Khasawneh; Editing by Richard Pullin and Joseph Radford

The post Oil prices reach highest since November 2014 on Venezuela, Iran… appeared first on World The News.

from World The News https://ift.tt/2jFqYxn via Today News

[newestbalance]

Oil prices reach highest since November 2014 on Venezuela, Iran…

SINGAPORE (Reuters) – Key crude oil prices rose by 1 percent to their highest levels since late-2014 on Monday, pushed up by a deepening economic crisis in Venezuela and a looming decision on whether the United States will re-impose sanctions against Iran.

An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann

Brent crude oil futures were at $75.57 per barrel at 0650 GMT, up 70 cents, or 0.9 percent, from their last close. Earlier in the session, they touched their highest since November 2014 at $75.89 a barrel.

U.S. West Texas Intermediate (WTI) crude futures rose 70 cents, or 1 percent, to $70.42 per barrel. Monday was the first time since November 2014 that WTI had climbed above $70 per barrel.

Meanwhile, China’s Shanghai crude oil futures, launched in March, broke their dollar-converted record-high of $71.32 per barrel by rising as far as $72.54 on Monday.

Open interest and traded volumes for Shanghai crude also hit a fresh record on Monday.

Analysts warned that the deepening economic crisis in major oil exporter Venezuela threatened to further crimp its production and exports.

Shannon Rivkin, investment director of Australia’s Rivkin Securities, said that oil prices had been driven up due to “growing concerns over the economic collapse of Venezuela and its oil industry, plus possible new sanctions against Iran from the Trump administration”.

U.S. oil firm ConocoPhillips has moved to take key Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award, actions that could further impair PDVSA’s declining oil production and exports.

Venezuela’s oil output has halved since the early 2000s to just 1.5 million barrels per day (bpd), as the South American country has failed to invest enough to maintain its petroleum industry.

Beyond Venezuela’s woes, Greg McKenna, chief market strategist at futures brokerage AxiTrader, said “the big story this week is going to be about oil and the Iran Nuclear deal”. Most market participants expect Trump to withdraw from the pact, he said.

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on Iran’s nuclear program.

Expressing doubts over Iran’s sincerity, Trump has threatened to walk away from the 2015 agreement by not extending sanctions waivers when they expire on May 12, which would likely result in a reduction of Iran’s oil exports.

Looming over markets, however, is surging U.S. output, which has soared by more than a quarter in the last two years, to 10.62 million bpd.

U.S. output will likely rise further this year, towards or past Russia’s 11 million bpd, as its energy firms keep drilling for more.

U.S. energy companies added nine oil rigs looking for new production in the week to May 4, bringing the total count to 834, the highest level since March 2015, energy services firm Baker Hughes said last Friday.

Reporting by Henning Gloystein and Roslan Khasawneh; Editing by Richard Pullin and Joseph Radford

The post Oil prices reach highest since November 2014 on Venezuela, Iran… appeared first on World The News.

from World The News https://ift.tt/2jFqYxn via Everyday News

[dani-qrt]

Oil near 2014 highs on Iran tensions, Venezuela crisis

SINGAPORE (Reuters) – Oil markets were steady on Monday, with prices near late-2014 highs as a decision looms on whether the United States walks away from a deal with Iran and instead re-imposes sanctions on Tehran.

FILE PHOTO: A Shell gas station sign displays fuel prices in Buenos Aires, Argentina, February, 3, 2016. REUTERS/Enrique Marcarian

Brent crude oil futures LCOc1 were at $74.87 per barrel at 0117 GMT, unchanged from their last close.

U.S. West Texas Intermediate (WTI) crude futures up 4 cents, at $69.76 per barrel. WTI on Friday hit its highest level since November 2014.

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on Iran’s nuclear program.

Expressing doubts over Iran’s sincerity, Trump has threatened to walk away from the 2015 agreement by not extending sanctions waivers when they expire on May 12, which would likely result in a reduction of Iran’s oil exports.

Analysts also warned about ongoing economic crisis in oil producing Venezuela.

Shannon Rivkin, investment director of Australia’s Rivkin Securities, said that oil prices had been driven up “thanks to growing concerns over the economic collapse of Venezuela and its oil industry, plus possible new sanctions against Iran from the Trump administration.”

U.S. oil firm ConocoPhillips (COP.N) has moved to take the Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award, actions that could further impair PDVSA’s declining oil production and exports.

Venezuela’s oil output has halved since the early 2000s to just 1.5 million bpd, as the country has failed to invest enough to keep its production and refinery facilities maintained.

Despite Venezuela’s woes Greg McKenna, chief market strategist at futures brokerage AxiTrader, said “the big story this week is going to be about oil and the Iran Nuclear deal.” Most market participants expect Trump to withdraw from the pact, he said.

Some traders, however, are becoming cautious about ever higher oil prices.

Hedge funds cut their net long U.S. crude futures and options positions in the week to May 1 by 11,825 contracts to 444,060, according to the U.S. Commodity Futures Trading Commission.

Looming over markets is surging U.S. output C-OUT-T-EIA, which has soared by more than a quarter in the last two years, to 10.62 million barrels per day.

U.S. output will likely rise further this year, towards or past Russia’s 11 million bpd, as its energy firms keep drilling for more.

U.S. energy companies added nine oil rigs looking for new production in the week to May 4, bringing the total count to 834, the highest level since March 2015, energy services firm Baker Hughes said last Friday.

Reporting by Henning Gloystein; editing by Richard Pullin

The post Oil near 2014 highs on Iran tensions, Venezuela crisis appeared first on World The News.

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[fxasker-blog]

how do i open a Tier1fx demo account?

how do i open a Tier1fx demo account? Read More http://fxasker.com/question/a3bffc061283ba06/ FXAsker

[party-hard-or-die]

Oil near 2014 highs on Iran tensions, Venezuela crisis

SINGAPORE (Reuters) – Oil markets were steady on Monday, with prices near late-2014 highs as a decision looms on whether the United States walks away from a deal with Iran and instead re-imposes sanctions on Tehran.

FILE PHOTO: A Shell gas station sign displays fuel prices in Buenos Aires, Argentina, February, 3, 2016. REUTERS/Enrique Marcarian

Brent crude oil futures LCOc1 were at $74.87 per barrel at 0117 GMT, unchanged from their last close.

U.S. West Texas Intermediate (WTI) crude futures up 4 cents, at $69.76 per barrel. WTI on Friday hit its highest level since November 2014.

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on Iran’s nuclear program.

Expressing doubts over Iran’s sincerity, Trump has threatened to walk away from the 2015 agreement by not extending sanctions waivers when they expire on May 12, which would likely result in a reduction of Iran’s oil exports.

Analysts also warned about ongoing economic crisis in oil producing Venezuela.

Shannon Rivkin, investment director of Australia’s Rivkin Securities, said that oil prices had been driven up “thanks to growing concerns over the economic collapse of Venezuela and its oil industry, plus possible new sanctions against Iran from the Trump administration.”

U.S. oil firm ConocoPhillips (COP.N) has moved to take the Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award, actions that could further impair PDVSA’s declining oil production and exports.

Venezuela’s oil output has halved since the early 2000s to just 1.5 million bpd, as the country has failed to invest enough to keep its production and refinery facilities maintained.

Despite Venezuela’s woes Greg McKenna, chief market strategist at futures brokerage AxiTrader, said “the big story this week is going to be about oil and the Iran Nuclear deal.” Most market participants expect Trump to withdraw from the pact, he said.

Some traders, however, are becoming cautious about ever higher oil prices.

Hedge funds cut their net long U.S. crude futures and options positions in the week to May 1 by 11,825 contracts to 444,060, according to the U.S. Commodity Futures Trading Commission.

Looming over markets is surging U.S. output C-OUT-T-EIA, which has soared by more than a quarter in the last two years, to 10.62 million barrels per day.

U.S. output will likely rise further this year, towards or past Russia’s 11 million bpd, as its energy firms keep drilling for more.

U.S. energy companies added nine oil rigs looking for new production in the week to May 4, bringing the total count to 834, the highest level since March 2015, energy services firm Baker Hughes said last Friday.

Reporting by Henning Gloystein; editing by Richard Pullin

The post Oil near 2014 highs on Iran tensions, Venezuela crisis appeared first on World The News.

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Lam’s Retreat in Hong Kong Fails to Satisfy Impatient Protesters

(Bloomberg) -- Carrie Lam’s move to formally withdraw a bill allowing extraditions to China may well have ended the Hong Kong unrest in June. But now protesters want a lot more, and they’re ready and willing to fight.After three months of at-times violent demonstrations, Hong Kong’s leader made her most significant concession yet on Wednesday evening. In a somber televised address, she told an anxious city that she was meeting a demand from protesters to officially scrap a proposal that ended up sparking the worst unrest since the former colony’s return to Chinese rule in 1997.“Incidents over these past two months have shocked and saddened Hong Kong people,” she said. “We are all very anxious about Hong Kong, our home. We all hope to find a way out of the current impasse and unsettling times.”But before she had even spoken, pro-democracy activists and lawmakers were already saying Lam’s concession was too little, too late. They want their other four demands met, most significantly a longstanding push to nominate and elect their own leaders -- a proposal Beijing explicitly ruled out this week.Read more: Why Hong Kong’s still protesting and where it may go“Hong Kong people will not be satisfied, which is absolutely reasonable after three months of blood, sweat and tears,” said Alvin Yeung, an opposition lawmaker.The next few weeks will tell whether Lam -- and her backers in Beijing -- bet correctly that relenting on one key demand would deflate a protest movement that has only gotten more violent. President Xi Jinping is also facing a broader economic slowdown in China as he spars on trade with U.S. President Donald Trump.While investors reacted with glee, giving the local benchmark Hang Seng Index its biggest gain in 10 months, most analysts saw the jump as a temporary bounce for a market that has been battered in recent months.“It’s positive but may only provide a temporary solution,” said Stephen Innes, Asia Pacific Market Strategist at AxiTrader. “I can’t see Hong Kongers going merrily along. I think the divide runs deeper.”A timeline of how Hong Kong’s protests led to withdrawal of the extradition billFor Beijing, the move amounts to a shift in tactics as it looks to quell the violence before Xi gives a landmark speech to celebrate 70 years of Communist Party rule on Oct. 1. A spokesman for the top mainland body overseeing Hong Kong on Tuesday deployed a softer tone in drawing a line between radical protesters and moderates, saying the “majority of Hong Kong’s citizens, including many young students, are taking part in peaceful demonstrations.”Lam on Wednesday stuck with that line while addressing the five demands of protesters. She downplayed the significance of using the term riot and said she couldn’t give amnesty to demonstrators charged with crimes because it ran contrary to the rule of law.Although she pledged to launch a study and review of the government’s work, she didn’t meet a demand for an independent commission. And she punted on the demand for universal suffrage, saying any discussions would need to take place “without further polarizing society.”“Our response to the five demands have been made with full consideration to different constraints and circumstances,” she said. “I recognize these may not be able to address all the grievances of people in society.”Protesters weren’t pleased. Users of online forum LIHKG -- a popular sounding board and organizing platform for demonstrators -- slammed Lam’s address shortly afterward.Joshua Wong, the prominent student leader who led a previous wave of pro-democracy protests in 2014 and was recently arrested over his role in a rally, warned that a crackdown was coming: “Whenever there are signs of sending a palm branch, they always come with a far tighter grip on exercising civil rights.”More than 1,000 protesters have been arrested so far as they hold running battles with police. The most recent clashes last weekend saw protesters set a massive roadblock on fire in central Hong Kong and hurl around 100 Molotov cocktails at police, who responded with water cannons and tear gas.“Carrie Lam could use the bill’s withdrawal as a pretext to frame protesters as perpetrators of violence,” said Raymond Chan, a pro-democracy lawmaker in Hong Kong. “As the bill is formally withdrawn, the logic goes, then any ongoing protests must serve ulterior motives such as Hong Kong independence or a color revolution.”Up to now, some protesters have called for actions of civil disobedience -- like blocking roads, subway lines and access to the airport -- to pressure the government. Lam’s biggest concessions, including the one Wednesday, have come after an escalation of violence, reinforcing the idea that radical actions are more effective than peaceful marches that attract hundreds of thousands of people.The question now is whether protesters can sustain the momentum to push for their final goals. Lam indicated that she’s put her best offer on the table, and the toughest demand -- universal suffrage -- can only be decided by Beijing.“Genuine democracy in Hong Kong is not on the agenda, and will not be on the agenda,” said Steve Tsang, director the China Institute at London’s School of Oriental and African Studies and the author of several books on Hong Kong. “They are not just going to get softer and softer and softer. Xi Jinping cannot afford to allow the Hong Kong protesters to win against the Communist Party.”\--With assistance from Eric Lam and Shawna Kwan.To contact the reporter on this story: Iain Marlow in Hong Kong at imarlow1@bloomberg.netTo contact the editor responsible for this story: Brendan Scott at bscott66@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

from Yahoo News - Latest News & Headlines

(Bloomberg) -- Carrie Lam’s move to formally withdraw a bill allowing extraditions to China may well have ended the Hong Kong unrest in June. But now protesters want a lot more, and they’re ready and willing to fight.After three months of at-times violent demonstrations, Hong Kong’s leader made her most significant concession yet on Wednesday evening. In a somber televised address, she told an anxious city that she was meeting a demand from protesters to officially scrap a proposal that ended up sparking the worst unrest since the former colony’s return to Chinese rule in 1997.“Incidents over these past two months have shocked and saddened Hong Kong people,” she said. “We are all very anxious about Hong Kong, our home. We all hope to find a way out of the current impasse and unsettling times.”But before she had even spoken, pro-democracy activists and lawmakers were already saying Lam’s concession was too little, too late. They want their other four demands met, most significantly a longstanding push to nominate and elect their own leaders -- a proposal Beijing explicitly ruled out this week.Read more: Why Hong Kong’s still protesting and where it may go“Hong Kong people will not be satisfied, which is absolutely reasonable after three months of blood, sweat and tears,” said Alvin Yeung, an opposition lawmaker.The next few weeks will tell whether Lam -- and her backers in Beijing -- bet correctly that relenting on one key demand would deflate a protest movement that has only gotten more violent. President Xi Jinping is also facing a broader economic slowdown in China as he spars on trade with U.S. President Donald Trump.While investors reacted with glee, giving the local benchmark Hang Seng Index its biggest gain in 10 months, most analysts saw the jump as a temporary bounce for a market that has been battered in recent months.“It’s positive but may only provide a temporary solution,” said Stephen Innes, Asia Pacific Market Strategist at AxiTrader. “I can’t see Hong Kongers going merrily along. I think the divide runs deeper.”A timeline of how Hong Kong’s protests led to withdrawal of the extradition billFor Beijing, the move amounts to a shift in tactics as it looks to quell the violence before Xi gives a landmark speech to celebrate 70 years of Communist Party rule on Oct. 1. A spokesman for the top mainland body overseeing Hong Kong on Tuesday deployed a softer tone in drawing a line between radical protesters and moderates, saying the “majority of Hong Kong’s citizens, including many young students, are taking part in peaceful demonstrations.”Lam on Wednesday stuck with that line while addressing the five demands of protesters. She downplayed the significance of using the term riot and said she couldn’t give amnesty to demonstrators charged with crimes because it ran contrary to the rule of law.Although she pledged to launch a study and review of the government’s work, she didn’t meet a demand for an independent commission. And she punted on the demand for universal suffrage, saying any discussions would need to take place “without further polarizing society.”“Our response to the five demands have been made with full consideration to different constraints and circumstances,” she said. “I recognize these may not be able to address all the grievances of people in society.”Protesters weren’t pleased. Users of online forum LIHKG -- a popular sounding board and organizing platform for demonstrators -- slammed Lam’s address shortly afterward.Joshua Wong, the prominent student leader who led a previous wave of pro-democracy protests in 2014 and was recently arrested over his role in a rally, warned that a crackdown was coming: “Whenever there are signs of sending a palm branch, they always come with a far tighter grip on exercising civil rights.”More than 1,000 protesters have been arrested so far as they hold running battles with police. The most recent clashes last weekend saw protesters set a massive roadblock on fire in central Hong Kong and hurl around 100 Molotov cocktails at police, who responded with water cannons and tear gas.“Carrie Lam could use the bill’s withdrawal as a pretext to frame protesters as perpetrators of violence,” said Raymond Chan, a pro-democracy lawmaker in Hong Kong. “As the bill is formally withdrawn, the logic goes, then any ongoing protests must serve ulterior motives such as Hong Kong independence or a color revolution.”Up to now, some protesters have called for actions of civil disobedience -- like blocking roads, subway lines and access to the airport -- to pressure the government. Lam’s biggest concessions, including the one Wednesday, have come after an escalation of violence, reinforcing the idea that radical actions are more effective than peaceful marches that attract hundreds of thousands of people.The question now is whether protesters can sustain the momentum to push for their final goals. Lam indicated that she’s put her best offer on the table, and the toughest demand -- universal suffrage -- can only be decided by Beijing.“Genuine democracy in Hong Kong is not on the agenda, and will not be on the agenda,” said Steve Tsang, director the China Institute at London’s School of Oriental and African Studies and the author of several books on Hong Kong. “They are not just going to get softer and softer and softer. Xi Jinping cannot afford to allow the Hong Kong protesters to win against the Communist Party.”\--With assistance from Eric Lam and Shawna Kwan.To contact the reporter on this story: Iain Marlow in Hong Kong at imarlow1@bloomberg.netTo contact the editor responsible for this story: Brendan Scott at bscott66@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

September 04, 2019 at 02:35PM via IFTTT

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