Mon, October 03, 2022
Economy

When some think of railroads, we think of 19th-century locomotives and men

saudi arabian
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

When some think of railroads, we think of 19th-century locomotives and men

Forex

The yuan slipped below a key level on Monday after further easing

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OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize

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FOREX NEWS

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dollar

The Dollar on A Highway to Heaven  

On Friday, the dollar dipped from its recent 20-year high. However, it was still on course for its best month since 2015; it was lifted by a mix of anticipation for US rate rises and concerns about China and

Roubles

OMV Plans Ruble Accounts For Russia’s Ruble Only Gas Trade

OMV (OMVV.VI) is one of the top importers of Russian gas. The last Thursday, some resources have reported that OMV is now preparing to create ruble accounts at Gazprombank in Switzerland. On Wednesday, Russian energy giant Gazprom (GAZP.MM) informed

Why does Rosneft accept Rouble Payment Only?

Why does Rosneft accept Ruble Payment Only?

Five traders claimed on Monday that Russia’s (ROSN.MM) Rosneft failed to sell oil in a jumbo tender after requiring prepayment in rubles. This means that the country’s biggest oil giant will have to find methods to channel additional petroleum

Here is Why the Rouble Had Hit a Two-Year High Amid War

Here Is Why the Ruble Had Hit a Two-Year High Amid War

In early trade on Tuesday, the Russian ruble hit a more than two-year high versus the euro before stabilizing at Monday’s close, in a week when tax payments are supporting the currency and investors anticipate a rate decrease on

Stocks and tensions

Stock Market Overview: What Should We Expect?

The European stock market fell and the dollar continued to strengthen. New restrictions to curb the spread of the virus in China added to investor concerns about the global economy’s health.  The Stoxx Europe 600 was down 0.6% in

Weekly Overview

Weekly Overview: Stocks, Crypto, Forex, Commodities Jul 8

Worldwide politics affect the market’s ecosystem a lot. Our weekly overview analyses this week’s stocks, crypto, forex, and commodities and determines future trends. Stocks Weekly Overview Stock futures fell early Friday after a rebound on Wall Street as investors

commodity trading

Commodity Market Overview: Will Oil Prices Keep Surging?

Commodities tumbled from record highs as investors reversed bullish bets on everything from corn to copper to oil amid recent signs of recession fears sweeping financial markets. Brent crude fell below $100 a barrel on Thursday for the first

Forex traders adopted risk-off sentiment on Tuesday

Forex Market Overview: How Are USD And EUR Holding Up?

The forex market worries investors. The euro fell to a fresh 20-year low on Wednesday as fears of rising energy prices and possible shortages cast a shadow over the eurozone economy, while demand for safe-haven assets pushed the dollar

BROKER NEWS

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source estimated the likely number was closer to 500,000 BPD earlier

Consumers In The US Paying More For Everything

Consumers in The US Paying More for Everything

Consumers in the United States are paying more for everything. In China, the problem of inflation is completely different. According to experts, persistent inflation in China narrows the opportunity for the People’s Bank of China to decrease interest rates and promote development. According to statistics released Monday, official

Russia's Economy Has A $3.4 Billion Buffer Thanks To Fuels

Russia’s Economy Has A $3.4 Billion Buffer Thanks To Fuels

Despite this, S&P downgraded Moscow to selective default,’ warning that the nation is unlikely to meet its foreign debt obligations. Since its war with Ukraine, Russia has added $3.4 billion in fresh oil and gas earnings to the fund that cushions its sanctions-hit economy as it moves closer

The Russian Central Bank Dropped Interest Rate To 17%

The Russian Central Bank Dropped Interest Rate To 17%

On Friday, the Russian central bank slashed its benchmark rate to 17% and suggested more cuts were conceivable, citing emergency measures as having contained the risk to financial stability, returned deposits to banks, and helped reduce the threat of inflation.   Following a dramatic emergency boost in February,

Why Will A Russia-Ukraine Agreement Be Tough To Achieve?

Why Will a Russia-Ukraine Agreement Be Tough to Achieve?

According to Francis Fukuyama, a senior scholar at Stanford University’s Freeman Spogli Institute, finding a diplomatic solution to the crisis in Ukraine would be difficult unless the reality on the ground improves. “Both parties have suffered tremendous losses,” he added. He argued that anything less than Russia’s departure

Ruble Finishes Near 60 Versus The Dollar

Ruble Finishes Near 60 Versus The Dollar

The ruble increased 0.1% versus the dollar at 59.80 at 0810 GMT. It hit 60.41 as it rose from a nearly four-week record level of 57.70 on Friday. Versus the euro, it accumulated 0.1%

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