Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
UBS maintains its year-end forecast for the euro-dollar pair at 1.2000 for the third quarter (Q3). By December, according to analysts, it could reach 1.2300. It is worth noting that UBS Q2 expectations were met, with the pair hitting 1.1800.
President Donald Trump’s focus on the US trade deficit and his comments about the deliberate weakening of the yen have fueled speculation that Japan could be pressured to adjust its currency's value. However, the country is unlikely to face such pressure.
According to Goldman Sachs strategists, the situation on the US stock market now looks encouraging. However, as the experts warn, US stocks growth may be hampered later this year.
On Wednesday, senior officials from the three leading OPEC producing countries—Saudi Arabia, the United Arab Emirates, and Kuwait—said the production increases delivered by the alliance were necessary.
According to International Monetary Fund (IMF) data, the US dollar's share of global foreign exchange reserves fell to 57.7% in Q1 2025, a decline contrasted by euro-denominated reserves gaining traction.
Bitcoin rose above $112,000 for the first time amid a broader rally in the risk assets. The price of the cryptocurrency surged 3.1% to $112,009, pushing year-to-date gains close to 20%.
Yesterday, Ethereum surged past the $2,700 mark and is currently trading at around $2,790. According to CoinLineup, the rally comes as major companies ramp up their investments in the altcoin.
According to Reuters, Canada is expanding trade with the EU and Asia to reduce dependence on the United States market. In May, the US share in Canadian exports fell 10% year-on-year, accounting for 68% of total exports.
Yesterday's announcement by Donald Trump about imposing 50% tariffs on copper imports to the US sparked a strong market reaction. COMEX copper futures surged by 12%, reaching a record high. Meanwhile, the asset's price on trading platforms in Shanghai and London declined.
The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
All governments serve as regulators for businesses, both domestically and internationally. The economic policies implemented by separate states have a significant impact on their currency exchange rates and living expenses.
Market players are always looking for tools and opportunities to make a profitable investment, which is accompanied by some risks. This is where capital management comes into play, with the goal of minimizing losses and maximizing profits
By closely monitoring worldwide events and economic strategies of the top nations, traders and investors can make well-informed decisions in the financial world