News

Sep-26 , 2024

Post-Rate Hike, Market May Price Inflation Below 2%

Next week, the Federal Reserve's interest rate hike of 25 basis points is almost a foregone conclusion, and the market expectations are likely to undergo a dramatic change after the interest rate deci...

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Sep-12 , 2024

$450B Floods In, Will Short Covering Ignite US Stocks Further?

Last month saw a surge in capital flowing into U.S. stocks, reaching a high not seen since March 2022. As concerns over economic recession fade, a massive short covering is imminent, leaving room for ...

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Sep-10 , 2024

Gold Price Forecast: Gold/USD Hits Record High

XAU/USD Current Price: $2,675.01Amid scarce macroeconomic data, market sentiment led the charge on Wednesday.Focus shifts to the ECB's monetary policy decision on Thursday.XAU/USD aims to set a new hi...

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Sep-05 , 2024

Saudi Arabia's Fuel Oil Imports from Russia Skyrocket Nearly 10 Times Year-on-Year

Saudi Arabia's fuel oil imports from Russia in the first half of this year have already exceeded the total for last year. Besides acting as a middleman to earn the price difference, this is also relat...

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Sep-01 , 2024

Gold Defies Strong Dollar, Heads for YTD High

Due to the decline in U.S. Treasury yields, which boosted demand for non-yielding assets, gold/dollar climbed.Traders anticipate that as inflation cools, major central banks will cut interest rates, w...

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Aug-23 , 2024

IEA Cuts Global Oil Demand Growth Forecast for First Time This Year

The IEA believes that, despite lowering expectations, demand is still expected to reach a record level later this year, and the oil market in the second half of the year is still characterized by a su...