Fri, September 30, 2022

Middle East

Weekly Overview: Forex, Stocks, Crypto, Commodities

Weekly Overview: Forex, Stocks, Crypto, Commodities May 13

Global markets and trends change every day. Several big influencers cause price movements every second. How are you doing this week in Forex, Stocks, Cryptocurrencies, and Commodities? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex Weekly Overview The dollar edged lower in early European trade on Friday. Still, …

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Biggest cryptocurrency thefts

Why the Europe and US Can’t Control Crypto Alone?

Crypto detains lawmakers on both sides of the Atlantic. They need to work together – and in this regard, with other legislators worldwide. A more boundless approach is required for technology that pays less attention to boundaries. In March, U.S. Senators Kirsten Gillibrand and Cynthia Lummis announced their co-sponsorship of comprehensive crypto legislation. Pat Toomey submitted a …

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Oil

Oil extends retreat as China’s Covid crisis grows

On Monday, oil prices skidded as investors tracked a worsening Covid-19 outbreak in China. Brent Crude futures declined 0.39% or 0.32 points to $104.05 per barrel. The international benchmark extended a drop of 0.85% to $103.50 per barrel yesterday. Likewise, US West Texas Intermediate lost 0.60% or 0.57 points to $98.70 per barrel. It followed …

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Diesel shortage signals slow economic growth in Europe

Diesel shortage signals slow economic growth in Europe

European countries currently grapple with the risk of a diesel shortfall as deeper sanctions on Russia could disrupt imports. The heavy industry significantly relied on this liquid fuel for its main processes. This includes transportation, farming, fishing, power, and heating sectors. However, the surging value of diesel further pushes up fuel and transportation costs. Correspondingly, …

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Oil

Sunflower oil jumps on shortages due to Ukraine war

On Wednesday, sunflower oil prices significantly jumped after Russia’s invasion of Ukraine halted worldwide supply. Accordingly, contracts tied to the Black Sea commodity surged 9.56% or 140.00 points to $1604.00 per metric ton. The previous week settled around $1,950.50 per metric ton, the highest level since 2018. In line with this, the price of edible …

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Gold and challenges

Gold Fell on Thursday But What About Other Precious Metals?

The price of gold or yellow metal, as some people call it, declined on Thursday morning in Asia, extending its losses after falling the most in two months. Investors continue to analyze a more hawkish-than-expected position from the Federal Reserve amid hints of “imminent” interest rate hike.  On Wednesday, the central bank indicated it could …

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Oil prices and tensions

What is the Connection Between Oil Prices and Tensions?

On Tuesday, oil prices rose, recovering some of the previous day’s losses. Interestingly, oil prices rose as growing tensions over Ukraine and the Middle East fuelled concerns regarding possible supply disruptions. Brent crude futures gained 61 cents or 0.7% to $86.88 a barrel at 07:22 GMT. On Monday, Brent crude futures dropped 1.8%. U.S. West …

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