Thu, April 18, 2024
Economy

Quick Look:  IMF revises the 2024 global growth forecast by 0.1%, maintaining

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Economy

Saudi Arabia is planning to balance its state budgets over the medium

Zambia and interesting details
Economy

Countries in different parts of the world are trying to minimize the

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Economy

Quick Look:  IMF revises the 2024 global growth forecast by 0.1%, maintaining

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Commodities

Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams,

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Gold, Silver Up Rs 10, Rs 100 Amid Global Strife

Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams, and silver increased by Rs 100 per kilogram in India. Global issues, notably Middle East conflicts, pushed USold to $2,369.93 per ounce.

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FOREX NEWS

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Wibest – CHF Franc: New Swiss franc notes.

USD/CHF Targets 0.9173 Amid Rising Channel

Quick Look: USD to CHF consolidating near 0.9105 with a neutral bias; key resistance at 0.9152. The first potential target is 0.9173; further rise may test 0.9240. Impact of Fed’s monetary policy and Middle East tensions on currency values.

Wibest – Australian Dollar: The AUD/USD sign on a trading trading chart with a green arrow pointing upward.

Australian Dollar Rises 0.37% Despite Recent 2.2% Drop

Quick Look: The Australian dollar rose 0.37% to 0.62254 after a recent 2.2% drop. Employment slowdowns, as only 7,200 jobs appeared in March, cooling labour market signals. RBA rate decision pending; Next meeting on May 7, influenced by Q1

GBP/USD: British pound sterling coins.

GBP/USD Down 3.7%, Tests Key Support at 1.2430

Quick Look:  GBP struggles at 1.2430 against USD, down 3.7% from March highs. CPI, retail data influence GBP/USD amid Fed and BoE rate speculations. Fed maintains firm stance on rates, BoE signals potential easing. GBP/USD faces critical support at

The Euro at Its Lowest Since 2020 (EUR/USD)

EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals

Quick Look: EUR/USD shows potential for a minor rebound, facing mixed market sentiments. Key support at 1.0600-1.0605, with resistance near 1.0710. Hawkish Fed vs ECB rate cut rumours fuel volatility. Upcoming economic events include UK inflation data and the

gold

Gold, Silver Up Rs 10, Rs 100 Amid Global Strife

Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams, and silver increased by Rs 100 per kilogram in India. Global issues, notably Middle East conflicts, pushed USold to $2,369.93 per ounce. Market sentiment shows that 78%

IMF Forecasts 3.2% Global Growth in 2024

Quick Look:  IMF revises the 2024 global growth forecast by 0.1%, maintaining a stable outlook amidst global challenges. Advanced economies like the US and the Eurozone show positive indicators, surpassing pre-COVID levels. Geopolitical tensions, inflation risks, and differing central

Wibest – Australian Dollar: The AUD/USD sign on a trading trading chart with a green arrow pointing upward.

Australian Dollar Rises 0.37% Despite Recent 2.2% Drop

Quick Look: The Australian dollar rose 0.37% to 0.62254 after a recent 2.2% drop. Employment slowdowns, as only 7,200 jobs appeared in March, cooling labour market signals. RBA rate decision pending; Next meeting on May 7, influenced by Q1

Five superpowers ruling the world

2023/24 Global Economy: 3% Growth Amidst Conflict

Quick Look: Global Growth Projections: IMF predicts growth of 3% in 2023 and 2.9% in 2024. Geopolitical Tensions: Ongoing conflict in the Middle East escalates oil prices. Inflation Concerns: High inflation rates prompt fears of continued tight monetary policy.

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gold

Gold, Silver Up Rs 10, Rs 100 Amid Global Strife

Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams, and silver increased by Rs 100 per kilogram in India. Global issues, notably Middle East conflicts, pushed USold to $2,369.93 per ounce. Market sentiment shows that 78% of investors don’t foresee a recession next year. Gold and

IMF Forecasts 3.2% Global Growth in 2024

Quick Look:  IMF revises the 2024 global growth forecast by 0.1%, maintaining a stable outlook amidst global challenges. Advanced economies like the US and the Eurozone show positive indicators, surpassing pre-COVID levels. Geopolitical tensions, inflation risks, and differing central bank approaches threaten forecasted growth despite potential economic drivers.

Five superpowers ruling the world

2023/24 Global Economy: 3% Growth Amidst Conflict

Quick Look: Global Growth Projections: IMF predicts growth of 3% in 2023 and 2.9% in 2024. Geopolitical Tensions: Ongoing conflict in the Middle East escalates oil prices. Inflation Concerns: High inflation rates prompt fears of continued tight monetary policy. Energy Sector Outlook: Predictions of oil prices reaching $100

Thailand's Tourism-Dependent Economy Will Rise In Q4

Singapore-Thailand Talks Boost Digital & Green Growth

Quick Look: Thailand and Singapore emphasize digital and green economies, deep tech, and smart cities. The economic outlook for Thailand in 2024 projects growth of 2.8%-3.3%, with calls for governmental action to stimulate the economy. Ongoing EU-Thailand trade talks seek to balance economic growth with democratic principles. The

How Close is Russia to a Complete Default?

Russia’s 2023 Economy: Navigating Sanctions Successfully

Quick Look:  Russia’s seaborne crude oil exports surged to nearly 3.5 million barrels/day, diversifying energy markets amidst sanctions. Despite Western sanctions freezing $300 billion, Russia’s reserves reached $599 billion in 2023, ensuring economic stability. Russia’s economy stays resilient despite sanctions, aided by fiscal stimulus during COVID-19, supporting growth

China sees growth in consumer spending

China Economy News: Beijing Sets 2024 Growth Target

In the dynamic landscape of China’s economy, Beijing has set an ambitious growth target of around 5% for 2024. This target, surpassing last year’s goal of above 4.5%, reflects a commitment to stabilizing expectations

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