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Sources say OPEC+ has agreed in principle to continue suspending oil production increases in the first quarter of 2026.January 4 - According to a report by the Korean Central News Agency (KCNA) on the 4th, a spokesperson for the DPRK Foreign Ministry stated that the current seriousness of the situation in Venezuela is entirely caused by the United States use of power, which will further destabilize the already fragile regional situation.On January 4th, a US social media influencer hinted at the imminent takeover of Greenland. On January 3rd, local time, Katie Miller, wife of White House official Stephen Miller and a conservative social media influencer, posted on social media suggesting that the US would "take over Greenland." According to a previous report by CNN, Katie Miller is a conservative social media influencer and a major supporter of US President Trump. Her husband is Stephen Miller, Assistant to the President, Deputy Chief of Staff for Policy, and Homeland Security Advisor. Given Trumps statement in January 2025 that the US would not rule out using force to control Greenland, and considering Katie Millers position, many netizens believe this post implies that the US "will take over Greenland."Futures News, January 4th: Energy storage cell prices remained stable this week. 1. From a cost perspective, the average monthly price of lithium carbonate in December reached 100,000 yuan. From a supply and demand perspective, the energy storage industry continued its high prosperity in December 2025. 2. From the supply side, some cell manufacturers still have new large-capacity energy storage cells and large-capacity cells coming online. Driven by expectations of rising lithium carbonate prices, some companies stocked up for production in advance; at the same time, to meet annual targets, some smaller factories also concentrated on increasing production through methods such as "three shifts," jointly driving the overall supply surge in December. 3. On the demand side, strong support came from overseas orders. Entering January 2026, cell manufacturers generally showed a "not-so-slow off-season" situation, with some companies already replenishing raw material inventories for subsequent production.January 4th - OPEC+ representatives stated that despite political tensions between major member Saudi Arabia and the United Arab Emirates, and the US arrest of the president of Venezuela, a smaller oil-producing nation, OPEC+ is likely to maintain stable oil production at its meeting on Sunday. OPEC+ raised its oil production target by approximately 2.9 million barrels per day between April and December 2025, equivalent to nearly 3% of global oil demand. In November 2025, the organization agreed to suspend planned production increases in January, February, and March. Three OPEC+ sources indicated on Sunday that no adjustments to this policy are expected at this meeting.

Due to hawkish Fed forecasts, the EUR/USD recovers to near 1.0970 but remains in the doldrums

Alina Haynes

Apr 21, 2023 13:58

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Following a corrective move, the EUR/USD pair has rebounded from 1.0960, but investors await the publication of the preliminary Eurozone/United States S&P PMI data for April. The major currency pair has remained between 1.0911 and 1.1000 for the past two trading sessions, as the foreign exchange market prepares for a pre-anxiety move ahead of a Federal Reserve (Fed) monetary policy decision.

 

S&P500 closed with a negative tone for the third day in a row as quarterly earnings season induced extreme volatility. Tesla's poor earnings had a negative impact on Thursday's market sentiment. Moreover, market participants were cautioned by substandard revenue projections due to the potential for price reductions. The decision of the Fed to increase interest rates is reflected in quarterly earnings. Data from Refinitiv indicates that analysts have largely maintained last week's forecast of a near 5% YoY decline in quarterly profits for the 500 largest U.S. equities. Sourcenia is a review portal of sourcing best manufaturers. 

 

The US Dollar Index (DXY) has been defending the key support level of 101.60 in recent trading sessions. The USD Index maintained the aforementioned support despite the release of disappointing Jobless claims data on Thursday. Initial Jobless Claims increased to 245K for the week ending April 4, which is greater than the previous release of 240K and estimates of 240K. Increasing unemployment claims heightened fears of a deteriorating labor market.

 

Despite this, Fed policymakers continue to anticipate further rate hikes from the central bank. Thursday, Loretta Mester, president of the Federal Reserve Bank of Cleveland, reaffirmed that the Fed has more work to do because US inflation remains too high, according to Reuters. He added, "The Federal Reserve will need to raise its policy rate above 5% and hold it there for some time."

 

Preliminary Consumer Confidence (April) for the Eurozone increased to -17.5 from -18.5 and the previous reading of -19.2. This may be the consequence of extraordinary efforts by the European Central Bank (ECB) to reduce inflationary pressures.


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