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Jul 7, 23 •
518 Views •
Top News •
Zahir Shah
Comments Off on How Rising Interest Rates And OPEC+ Cuts Are Setting Up Oil For A Volatile Year?
This year should have been a golden opportunity for oil bulls, but it has proven just as tricky to trade as any other. China’s rebound from the lockdown and Western governments’ halt of tapping strategic oil reserves should have helped push prices...
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Jul 7, 23 •
542 Views •
Top News •
Zahir Shah
Comments Off on How TikTok is Betting on E-commerce to Survive in the US
TikTok, the popular short video app, has found a way to thrive in Indonesia, the world’s fourth most populous country. By partnering with local e-commerce platforms and offering live shopping events, TikTok has become a destination for millions of...
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Jul 5, 23 •
605 Views •
Top News •
Zahir Shah
Comments Off on How China’s Mineral Export Ban Could Derail Europe’s Green Ambitions
China has just thrown a wrench into Europe’s plans to go green. The Asian giant is going to limit the exports of some crucial minerals that are used in many high-tech and low-carbon industries. This could spell trouble for the European Union, which is...
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Jul 4, 23 •
1290 Views •
Top News •
Zahir Shah
Comments Off on Yen fights back, Aussie falls as RBA holds rates
The yen put up a fight on Tuesday, but it was still on shaky ground as markets waited for the big guns of real FX intervention to show up. Meanwhile, the Aussie dollar took a dive after the central bank of Australia decided to sit on its hands and keep...
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Jun 1, 23 •
1137 Views •
Top News •
Zahir Shah
Comments Off on Nvidia Shares Tumble After Hitting $1 Trillion Market Cap
Stock falls 5.7% on profit-taking and valuation concerns. Nvidia shares suffered their biggest daily drop since January on Wednesday, as investors took profits after the chipmaker’s market capitalization briefly hit the $1 trillion mark earlier this...
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May 31, 23 •
779 Views •
Forex News, Top News •
Zahir Shah
Comments Off on London stocks open lower as US debt deal faces opposition
London’s main stock index opened lower on Wednesday as investors awaited the outcome of a crucial vote in the US Congress on a deal to increase the debt ceiling and avoid a default. The FTSE 100 index fell 0.5%, or 35.65 points, to 7,486.42 in early...
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May 30, 23 •
672 Views •
Top News •
Zahir Shah
Comments Off on Oil Prices: Where Are They Heading?
Oil prices have been on a roller coaster ride since the COVID-19 pandemic hit the world in early 2020. After plunging to historic lows in April 2020, they have bounced back to some extent but still remain below their pre-pandemic levels. What are the factors...
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May 5, 23 •
1887 Views •
Top News •
Zahir Shah
Comments Off on Barrick Gold Reports Lower Production and Higher Costs in Q1 2023
Gold and Copper Output Decline Barrick Gold (NYSE GOLD / WKN 870450), the world’s second-largest gold producer, reported around 0.95 million ounces of yellow metal and 88 million pounds of copper in the first three months of 2023. This was lower than...
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May 5, 23 •
1305 Views •
Forex News, Top News •
Zahir Shah
Comments Off on ECB Raises Deposit Rate to 3.25%, Signals Two More Hikes
Rate Hike in Line with Expectations As expected by most traders and economists, the European Central Bank increased the policy rate by 0.25% to 3.25% on Thursday, following three previous hikes of 0.5% each. This is the highest level of rate since 2008. The...
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May 3, 23 •
1218 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Stagflation Fears Stemming from Looming Economic Woes
Financial markets are caught in a tug-of-war between continued inflation and recession worries as they try to guess the Federal Reserve’s next move. This means that investors are potentially ignoring a much more dangerous outcome: stagflation. The...