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Oil Price Edges Up After 8% Drop Last Week
Oil rose on Monday as significant economies showed slower growth than expected, with interest rates remaining high after sinking 8% to three-week lows last week.In early Monday trading, Brent...
OPEC+ Demands Recognition For Role In Stabilizing World Market
OPEC Secretary General Haitham Al Ghais insisted the group’s decision to cut production in October was correct; thus, the group deserves credit for helping stabilize global markets.“We have repeatedly...
Gold Price Forecast: XAU/USD could see a bumpy road to recovery toward $1,930 – Confluence Detector
Gold price is licking its wounds amid a broad United States Dollar rebound.Dovish Fed expectations, weak US Treasury bond yields could limit Gold’s downside.Gold traders await Friday’s US NFP...
Fed to deliver 25bp hikes in March and May for a peak funds rate of 5.00-5.25% – Goldman Sachs
The Goldman Sachs Research team said in its client note that it expects the US Federal Reserve (Fed) to hike interest rates by 25 basis points (bps) in March and May.Key...
IMF predicts Russian economy to grow in 2023
According to the January 2022 World Economic Outlook, the International Monetary Fund improved its forecast for the Russian economy, exceeding that of the Russian Ministry of Economic Development and...
UK Only Major Economy Set To Shrink — IMF
The International Monetary Fund predicts the British economy will perform the worst of all developed nations - including sanctions-hit Russia - by contracting 0.6% in 2023, despite being “on...