Why the EU is limiting imports of grain from Ukraine

9.5.2023 // 0 komentářů

Prior to June 5, Poland, Hungary, Romania, Slovakia, and Bulgaria will be prohibited from importing Ukrainian wheat, maize, rapeseed, and sunflower seeds, according to the European Commission. In [...]

Ahead of nonfarm payrolls, Asia FX increases while the dollar declines.

5.5.2023 // 0 komentářů

On Friday, most Asian currencies rose as markets bet on a probable slowdown in the Federal Reserve’s rate hike cycle. Attention now shifts to important labor data that will be released later in [...]

Record gold price after Federal Reserve signals possible pause: What does it mean for the market?

4.5.2023 // 0 komentářů

The gold price extended its recent gains on Thursday, briefly touching a record high after the Fed raised interest rates but signaled a tougher approach to further rate hikes during deteriorating [...]

Saudi economy moves towards reduced oil dependence

3.5.2023 // 0 komentářů

Government reforms and rising private investment in new sectors have the chance to boost non-oil economic growth in Saudi Arabia during a projected strong slowdown in overall growth in 2023. The [...]

Fears of weak Chinese demand cause oil to decline

2.5.2023 // 0 komentářů

Oil prices fell in Asian trade on Tuesday, extending losses from the previous session, while weak economic data from China and expectations of a US interest rate hike weighed on the market. Brent [...]