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.
crude oil

OPEC Won’t Exceed Crude Oil Output Cut Quotas for US Shale Producers’ Benefit

Based on the statement by Saudi Arabia’s Energy Ministry, OPEC members will not be exceeding their crude oil production cut quotas set in the...
China

Shanghai Composite Index Slips, but Producer Prices Soar

The Shanghai Composite Index fell 3.99 points today, or 0.12 percent, on relatively light volume of 136.67 million shares. Today’s modest losses came on...
crude oil

Spanish Repsol Reports Biggest US Crude Oil Discovery in 30 Years in Alaska

According to the Spanish company’s representatives, Repsol discovered significant crude oil reserves as a result of geological exploration in the Alaskan North Slope. The...
Natural Gas Storage

ExxonMobil Expands into Africa, Acquires 25% in Mozambique’s Area 4 from Italy’s Eni S.p.A.

ExxonMobil (NYSE:XOM) has secured the purchase of a 25-percent share in an offshore natural gas project off the coast of Mozambique from Italy’s Eni,...
oil rig

US Dept. of Interior Unveils Gulf of Mexico Lease Plan for Crude Oil and...

The US Department of Interior (DOI) has recently made public its plan of leasing 73 million acres in the Gulf of Mexico for crude...
Chinese Yuan US Dollar USD/CNH

Shanghai Stocks Flat As Investors Await Interest Rate Decisions from U.S. and Europe

Despite a sharp 10 point drop in the afternoon, The Shanghai Composite Index quickly recovered its footing and closed basically flat today, sinking just...
oil rig

BHP Billiton and Pemex Team Up for Gulf of Mexico’s Trion Oil Deposit Development

On Friday March 3, BHP Billiton (NYSE:BHP) and Mexico’s state-owned petroleum company Pemex have signed a contract to jointly develop the Trion block in...
shenzhen

Shanghai Composite Index Gains 0.48 Percent As Information Tech Industry Booms

The Shanghai Composite Index gained 15.55 points, or 0.48 percent, to close at 3,233.87 on Monday, on volume of 156.09 million shares. The market...
China

Shanghai Composite Index Sinks Going Into National People’s Congress Meeting

The Shanghai Composite sank 11.72 points, or 0.36 percent in choppy action today, to close out a down week overall. Over the past five...
crude oil pumpjack

Kurdish Forces Seize NOC Assets in Kirkuk: Security Measure or a Ploy to Undermine...

On Thursday March 2, Peshmerga forces of Iraqi Kurdistan have deployed troops at the North Oil Company (NOC) facility in Kirkuk. The pumping station...

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oil pipeline

Crude Oil Prices Rebound From Support, Selling Interest Persists

Oil prices were able to recover from support levels on Wednesday with a significant move higher later in the US session, but there was...
Switzerland - Swiss Currency CHF

USD/CHF On Pace for Test of Late January Low

Although USD/CHF is higher in today's trading, it appears the pair will revisit the low established in late January at 0.9861. At present, the...
silver

Silver Prices Range-Bound as Dollar Stabilizes

Silver prices rose slightly on Thursday, although gains were limited as the U.S. dollar stabilized and demand for riskier assets improved.May silver futures edged...
Japan Currency JPY

USD/JPY Breaking Down from Support

USD/JPY is weaker in today's session, currently trading at 111.05, down 0.09%. The pair appears to be breaking down from a sideways trading range...
UK Currency -US Dollar GBP/USD

GBP/USD Extends Recent Gain

GBP/USD is higher in today's trading, currently holding near 1.2509, a gain of 0.22% over Wednesday's North American close.Today's gain comes on the...
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