During the early European trading hours of 22 June 2022, oil prices on the world commodity market fell amid pressure from US President Joe Biden, who is systematically and vigorously pushing to reduce soaring fuel prices. It includes pressure on large US companies to help with prices...
Oil prices have fallen after the Organization of the Petroleum Exporting Countries (OPEC), more specifically Saudi Arabia, said it was ready to increase oil production if Russian output falls after EU sanctions. On Monday, 30 May 2022, EU leaders agreed to ban 90% of Russian oil by...
According to Bank of America analysts, the domestic currency of the United Kingdom of Great Britain, the British pound (GBP) is in serious jeopardy in terms of its rating and position on the international foreign exchange – Forex market. The British pound has already begun to define...
The exchange rate of the US dollar (USD) dropped and according to the US Dollar Currency Index (DXY), in the short-term assessment, it is now the lowest since 5 May of this year. Thus, according to analysts and foreign exchange market financial strategists, the exchange rate of...
Based on recent global financial market developments, economic correspondents have concluded that gold has been competing hard against US dollar (USD) since April 2022. Reporters from the economic website capital.com predict gold to be the winner of this fight. On 25 May 2022, at...
The President of the European Central Bank (ECB), Christine Lagarde, said on Monday 23 May 2022 that the ECB is likely to raise its deposit rate from negative level by the end of September. Subsequenly, the exchange rate of the single European currency, the euro (EUR), has...

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Americans debate about a recession

The US economy statistical data from 28 July 2022 showed a fall in the US gross domestic product (GDP) for the second...

Wall Street set to open lower ahead of July factory activity data

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Dollar struggles at 6-week lows vs yen as markets ramp up recession bets

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Drop in US oil stocks increase its price

At the beginning of the trading day on Wednesday, 27 July 2022 oil prices started to increase after industry data showed an...