Recently, the World Bank published its Global Economic Prospects report. Based on the report, the world economy is likely to expand by 2.5% in 2020. It means that in comparison with 2019, the global economy will be only slightly faster as in 2019, the economy grew 2.4%. It is worth mentioning, economic growth in 2019 …
Geopolitical tension in the Middle East started a long time ago. Nevertheless, tensions increased on January 3rd after the death of Qasem Soleimani as a result of the U.S. drone attack. On January 8, stocks in the Asia Pacific region regained some of their strength. For instance, Japan’s Nikkei 225 retraced some losses, nevertheless, its …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDSEK The pair appears to have failed again in its attempt to go up, with the bears taking the price lower again after recently losing against the bulls due to the heightened tensions between …
Daily Market Charts and Analysis January 09, 2020 Read More »
There are a lot of cryptocurrencies. However, Bitcoin retains its status as the biggest crypto money in the market. It is important to mention that Bitcoin is the oldest cryptocurrency, and despite fierce competition throughout its history, it still attracts crypto owners. Nevertheless, the path to crypto adoption is not easy due to various reasons …
On Wednesday, stocks in the Asia Pacific retraced some losses. However, stocks are far from being in the same situation as before the attack. Iran attacked the Iraqi airbase that is used by the American troops. Iran promised to target military installations after the U.S. killed one of the most powerful Iranian general several days …
On Wednesday, Bitcoin’s price reached the highest level in seven weeks. This happened early on January 8 during the Asian trading hours. Bitcoin is one of the most famous cryptocurrencies around the globe. Moreover, it is the biggest cryptocurrency in terms of market capitalization. The price of the biggest cryptocurrency reached this result as Iran …
Just in, Tehran fired more than a dozen rockets towards two Iraqi bases hosting American soldiers. Oil and petroleum prices immediately react to the devastating news about the strike. It is as if yesterday traders were taking a step back and reassessing the situation in the Middle East. Unfortunately, today, another drastic turn in the …
Tehran Fires Rockets-Oil and Petroleum Prices Act Read More »
The supreme leader of Tehran wept earlier this week over the casket of General Soleimani killed by an American airstrike. Countless Iranian citizens are mourning, seeking vengeance, and calling for retaliation against the United States. Moreover, the recent tension sent ripples throughout the country, even its currency felt a massive shock. Just recently, the Iranian …
Tehran Weeps for the General’s Death, the Rial Crumbles Read More »
The Iranian rial feels the stress from the constant tension between Washington and Tehran in sessions. The Trump Administration is one, if not the most stressful, hit taken by Iran and rial. Before the current heat between the two giants, the rial has significantly suffered due to the crippling tariffs and sanctions. The head of …
Tehran’s Currency Crumbles, Wrath of the US Sets In Read More »
Petroleum crude prices finally drop as traders recalibrate the scope and consequences of the Middle East tension. After peaking to several month highs, oil contracts finally cooled down despite tensions still scorching hot. West Texas Intermediate or WTI crude oil contract dropped by 0.96% or 0.61 points this Tuesday’s trading sessions. Prices finally eased down …
Petroleum Crude Drops as Traders Step Back and Assess Read More »
As the rift between the United States and Iran starts to heat up, oil and petroleum products hike in trading. Over the weekend, both powerhouses exchanged threats that stirred concern in the markets. Some assets benefited from the brewing tension including safe-haven assets, oil, and petroleum products. But shares suffered a significant hit from …
Oil and Petroleum Products Surge, War Concerns Escalate Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDTRY The uptrend for the pair is still intact despite the sudden pullback on December 26, and although it appears that gains will be limited for the time being, the upward trajectory seems to …
Daily Market Charts and Analysis January 06, 2020 Read More »
The Chinese central bank announced that it would trim down a portion of deposits in commercial banks earlier this week. This means the required volume of cash in banks in China will diminish, pumping more cash the country’s economy. The move will release billions and billions of dollars in Beijing’s financial system. It will …
Oil petroleum prices jump by almost three percent in today’s trading sessions, thanks to the Middle East conflict. In previous sessions, the trade war between China and the United States drove crude prices in every direction. WTI crude oil or West Texas Intermediate futures jumped 2.80% or 1.71 points this Friday’s trading sessions. WTI …
Oil Petroleum Prices Jump as Middle East Tensions Tighten Read More »
Oil and petroleum prices advance with good momentum this second day of the year. Major futures – Brent and WTI crude oil contracts – are running in green territories. West Texas Intermediate futures or WTI crude oil contract rose 0.44% or 0.27 points this Thursday’s trading. WTI crude barrels now trade for $61.33, edging higher …
Oil and Petroleum Prices Start the New Year with Gains Read More »
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