The recent escalation of geopolitical tensions in the Middle East has contributed to the relatively stable yet mild gains in the price of West Texas Intermediate (WTI) crude oil. The assassination of Hamas leader Ismail Haniyeh in Tehran, with fingers pointing towards Israel, has sparked concerns over potential supply risks in the region. Despite ongoing
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When it comes to making financial decisions, it is crucial to perform thorough due diligence. This involves conducting research, seeking advice from experts, and using your own discretion. The information available on various platforms, including websites, newsletters, and publications, should not be taken at face value. It is imperative to verify the accuracy of the
The AUD/USD pair is currently on an upward trend, approaching the 0.6552 mark on Monday. This comes after the Australian dollar experienced a 3% fall in the past two weeks, triggered by a global sell-off in risky assets and weak reports from China. Investors are eagerly awaiting the release of Australian inflation data this week,
Russia’s central bank has recently raised its key interest rate by a significant 200 basis points to 18%. This move comes as the country faces challenges related to high inflation and an overheated economy. The decision brings the cost of borrowing to its highest level in over two years, highlighting the severity of the situation
The Bank of Canada (BoC) is on the brink of making a significant decision regarding interest rates. Analysts predict that the BoC might follow in the footsteps of the Swiss National Bank (SNB) and implement a second rate cut during this cycle. Market indicators, such as seasonally adjusted monthly rate changes and the current state
Windrose, a Chinese electric truck startup, is planning to establish a U.S. assembly plant for its semi-trucks, with deliveries set to begin in 2025. This move directly challenges Tesla, a dominant player in the electric vehicle market. The decision to set up a plant in the United States signifies a potential comeback for Chinese electric
Despite the weaker growth forecasts, investor bets on a July Bank of Japan rate hike linger. Economic indicators on Wednesday and Friday could dictate the BoJ’s policy maneuvers on July 31. On Wednesday, July 24, economists expect the Jibun Bank Services PMI to increase from 49.4 in June to 49.9 in July. A higher-than-expected PMI
EUR/USD has started a steady increase and has managed to surpass the 1.0910 resistance level. This positive movement indicates a bullish trend for the Euro against the US Dollar. The pair has climbed above key moving averages, such as the 100 simple moving average and the 200 simple moving average on the 4-hour chart. However,