Donald Levit

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Donald is a strategist for economiccalendar.com. He specializes in a fundamental approach while informing traders of relevant economic data. Actively trading since university, Donald trades indices and commodities. He earned his Bachelor's in Finance from Baruch College's Zicklin School of Business in New York City.
China

Shanghai Composite Index Continues Win Streak Thanks to Financials, Blue Chips, Cyclicals

The Shanghai Composite Index gained 7.89 percent in today’s trading to close at 3,261.22 for a gain of 0.24 percent on Wednesday. Today’s gains...
China

Shanghai Composite Stocks Gain on Strong Profits from Cars, Coal

The Shanghai Composite Index gained 37.89 points today, or 1.18 percent, to close at 3,239.96 on trading volume of 232.15 million shares. The day’s...
oil tanker

Top OPEC Producers Locked in a Race for Oil Tanker Fleet Supremacy

On Friday, February 17, Iraqi Oil Minister Jabbar Allibi stated that his country is looking to assemble a large fleet of oil tankers. This...
shanghai

Shanghai Composite Index Slips, Lenovo Falls

The Shanghai Composite Index managed to stay above the 3,200 level despite a 27.54 point drop today. The 0.85 percent decline to cap off...
crude oil

Nigerian Economy Lost Up To $100 Billion From Terrorist Attacks In 2016

Emmanuel Ibe Kachikwu, Nigeria’s Minister of Petroleum Resources, stated that his country lost from $50 to $100 billion of potential revenue from crude oil...
China

Shanghai Composite Index Slips 5 Points, But Research Reports Paint Positive Future for China

The Shanghai Composite Index slipped 4.94 points today on significant volume of 241.51 million shares. The market rose as high as 236 in early...
crude oil tanker

Saudi Arabia Holds On To Asian Market Share Despite Crude Oil Output Cuts

Asian markets have long been the drivers behind global crude oil demand and Saudi Arabia is no stranger to that fact. In a bid...
shanghai

Shanghai Composite Index Rises on Conciliatory Messaging from Trump, Promised Crackdown on Data Fraud

The Shanghai Composite Index gained 20.14 points today, or 0.63 percent to reach a final close of 3,216.84 on 220 million shares volume. The...
china

Shanghai Composite Index Gains on Surging Trade Data

The Shanghai Composite Index gained 13.52 points today to close at 3,196.70, for a gain of 0.42 percent. Volume has picked up: Today’s volume...
crude oil rig

Statoil Finds New Natural Gas Deposits in North Sea’s Valemon Field

Norway’s Statoil has reported a discovery of additional volumes of natural gas in the western part of the Valemon in the Norwegian part of...
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oil tanks with oil tanker

API Reports Unexpected 0.88 Million Barrel Inventory Draw, WTI Oil Price Rallies

The latest weekly American Petroleum Institute (API) inventory data for the week ending February 17th reported an inventory draw of 0.88 million barrels. ...
uranium price

Uranium Spot Prices Run Out of Momentum

The uranium spot price rally stalled last week, ending the commodity's ascent that started in December after prices fell as low as $17.75 per...
Canada Dollar USD/CAD

USD/CAD Bulls Disappointed by Fed Minutes

The Canadian dollar weakened after poor retail sales data, but USD/CAD hit resistance above 1.3200 and retreated after the Fed minutes provided no hawkish...

Nickel Prices Tracking US Dollar

Nickel prices were lower Wednesday, even after the commodity fell under significant pressure in the prior session.While all the base metals faced some pressure...
Natural Gas

Natural Gas Prices Stabilize Following Tuesday’s Sharp Decline

Natural gas prices fell sharply on Tuesday, with the contract for April settlement on the New York Mercantile exchange losing in excess of 8%....