Energy News
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From reuters.com|12 hr agoThe European Union should punish Russian President Vladimir Putin for the arrest of Kremlin critic Alexei Navalny and thousands of his supporters with targeted financial sanctions, the leader of the bloc’s largest political alliance said on Sunday. Police detained more than 3,000 people and used force to break up rallies across Russia on Saturday in support ...
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From express.co.uk|14 hr agoCold weather is being experienced across much of the UK, and that means many will have no choice but to rely on their heating systems to keep warm. In order to help with the additional costs, some may qualify for financial support via the Cold Weather Payment scheme. The scheme runs between November 1 and March 31, so payments can only be triggered during ...
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From dailyfx.com|Jan 22, 2021Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security. Often labeled as IV for short, implied volatility quantifies the anticipated magnitude, or size, of a move in an underlying asset. WHAT IS IMPLIED VOLATILITY? Implied volatility is a number displayed in percentage ...
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From ecb.europa.eu|12 hr ago|5 commentsIn the famous fable “Belling the Cat”,[1] a group of mice gather to discuss how to deal with a cat that is eating them one by one. They hatch a plan to put a bell on the cat so they can hear it coming and escape before being caught. When it comes to who will actually do it, however, each mouse finds a reason why they are not the right mouse for the job, and why another mouse should do it instead. The cat never does receive a bell – and the story ends poorly for the mice. In many ways, that fable describes mankind’s reaction to the threats posed by climate change. Already in 1986, the front cover of Der Spiegel showed Cologne cathedral half-submerged by water and the headline declared a “Climate Catastrophe”.[2] This is just one example, among many, that demonstrates that people were aware of the risks posed by climate change a generation ago. Yet, while many people agreed on the seriousness of the issue, and that something had to be done, concrete action has been much less prevalent. It is with this history in mind that I want to talk about the role of central banks in addressing climate change. Clearly, central banks are not the main actors when it comes to preventing global heating. Central banks are not responsible for climate policy and the most important tools that are needed lie outside of our mandate. But the fact that we are not in the driving seat does not mean that we can simply ignore climate change, or that we do not play a role in combating it. Just as with the mice in the fable, inaction tweet at 3:48am:
ECB'S LAGARDE SAYS WE ARE NOW LAUNCHING A NEW CLIMATE CHANGE CENTRE SAYS CLIMATE CHANGE COULD POTENTIALLY CAUSE A DURABLE DIVERGENCE BETWEEN HEADLINE AND CORE MEASURES OF INFLATION AND INFLUENCE THE INFLATION EXPECTATIONS OF HOUSEHOLDS AND BUSINESSES -
From liteforex.com|7 hr agoOil is testing the support level 51.88. If the price doesn't break out the level, the medium-term uptrend will continue, and the target in Target Zone 4 [54.72 - 54.21] will be reached. If the bears break out the support of 51.88, then a medium-term correction in the trend key support [49.39 - 48.94] zone will occur. The short-term timeframe shows that the ...
- From reuters.com|12 hr ago
The European Union should punish Russian President Vladimir Putin for the arrest of Kremlin critic Alexei Navalny and thousands of his supporters with targeted financial sanctions, the leader of the bloc’s largest political alliance said on Sunday. Police detained more than 3,000 people and used force to break up rallies across Russia on Saturday in support ...
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From thestreet.com|11 hr ago|2 commentsNew CDC Guidelines Require Proof of Negative Test on inbound international flights. The Centers for Disease Control and Prevention has ordered that all travelers flying to the ...
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From cnbc.com|5 hr ago|2 commentsModerna said Monday it’s accelerating work on a Covid-19 booster shot to guard against the recently discovered variant in South Africa. Its researchers said its current ...
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From @mhewson_CMC|12 hr ago|1 commenttweet at 3:25am: Britain faces three-month 'halfway house' lockdown after Easter as over-50s wait for second vaccine https://t.co/n3PtktFeW8
- From ecb.europa.eu|12 hr ago|5 comments
In the famous fable “Belling the Cat”,[1] a group of mice gather to discuss how to deal with a cat that is eating them one by one. They hatch a plan to put a bell on the cat so they can hear it coming and escape before being caught. When it comes to who will actually do it, however, each mouse finds a reason why they are not the right mouse for the job, and why another mouse should do it instead. The cat never does receive a bell – and the story ends poorly for the mice. In many ways, that fable describes mankind’s reaction to the threats posed by climate change. Already in 1986, the front cover of Der Spiegel showed Cologne cathedral half-submerged by water and the headline declared a “Climate Catastrophe”.[2] This is just one example, among many, that demonstrates that people were aware of the risks posed by climate change a generation ago. Yet, while many people agreed on the seriousness of the issue, and that something had to be done, concrete action has been much less prevalent. It is with this history in mind that I want to talk about the role of central banks in addressing climate change. Clearly, central banks are not the main actors when it comes to preventing global heating. Central banks are not responsible for climate policy and the most important tools that are needed lie outside of our mandate. But the fact that we are not in the driving seat does not mean that we can simply ignore climate change, or that we do not play a role in combating it. Just as with the mice in the fable, inaction tweet at 3:48am:
ECB'S LAGARDE SAYS WE ARE NOW LAUNCHING A NEW CLIMATE CHANGE CENTRE SAYS CLIMATE CHANGE COULD POTENTIALLY CAUSE A DURABLE DIVERGENCE BETWEEN HEADLINE AND CORE MEASURES OF INFLATION AND INFLUENCE THE INFLATION EXPECTATIONS OF HOUSEHOLDS AND BUSINESSES -
From @sellvolbuytesla|4 hr agotweet at 11:18am: *LAGARDE: HOPE IS STILL THAT 2021 IS YEAR OF RECOVERY tweet at 11:18am: ECB'S LAGARDE SAYS RECOVERY SOMEWHAT DELAYED BUT NOT DERAILED tweet at 11:20am: *LAGARDE: POST-PANDEMIC ECONOMY WILL BE DIFFERENT tweet at 11:20am: ECB's President Lagarde: 4Q Euro-area growth was negative.
- From liteforex.com|7 hr ago
Oil is testing the support level 51.88. If the price doesn't break out the level, the medium-term uptrend will continue, and the target in Target Zone 4 [54.72 - 54.21] will be reached. If the bears break out the support of 51.88, then a medium-term correction in the trend key support [49.39 - 48.94] zone will occur. The short-term timeframe shows that the ...
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From orbex.com|11 hr agoThe recent bull run in the oil markets is slowing down with the commodity posting a flat close for two consecutive weeks now. On Friday, oil prices were testing the lower end of the sideways range between 53.77 and 51.87. This comes after the second minor rising trendline was breached. While there was a small pullback into the weekly close, the overall bias ...
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From bnnbloomberg.ca|Jan 23, 2021A new futures contract for the physical delivery of crude in the Houston area may only be a few months away from launching. Enterprise Products Partners LP and Magellan Midstream Partners, the pipeline companies responsible for delivery of Houston’s two active futures contracts, said Thursday they are joining forces to create a broader benchmark. That may ...