On Monday, both the US dollar and the US stock market dropped amid escalating tariff disputes between America and China. Late last week, Donald Trump announced a possible increase in steel and aluminum import tariffs effective June 4, Reuters notes.
According to the Bank of America (BofA) model, market participants remain bearish on the dollar, particularly against the euro and the British pound.
Gold may seem overbought to traders right now, but it’s actually under-owned. This is evident from the extremely low total open interest on the CME, which is hovering near multi-year lows at just 425,000 contracts, according to TDS’s Daniel Ghali.
Despite the market participants' uncertainty about the Japanese currency's outlook, asset managers remain optimistic. According to the Commodity Futures Trading Commission (CFTC), their bullish bets on the yen rose by 3,218 contracts in the week ending May 27.
Saudi Arabia secured an agreement from all OPEC+ countries for a third consecutive significant increase in oil production, despite resistance from Russia and its allies. The kingdom decided to lower energy prices to influence quota violators and regain its share of the global market.
According to The Cryptocurrency Press, major trading platforms have recorded a historic drop in Bitcoin and Ethereum reserves. Expert Crypto Rover explains that by reducing the number of coins available for trading, investors are creating conditions that could drive up their value.
An increase of the indicator value may contribute to the rise in quotes of EUR.
According to Sarah Breeden, Deputy Governor of the Bank of England, the UK labor market is showing signs of weakening. At the same time, she believes the disinflation trend in the country is continuing.
Goldman Sachs Group Inc. expects OPEC+ to increase oil production volumes for the fourth time in August. These forecasts differ from the bank's previous position when experts anticipated a possible pause in production growth after the recent alliance representatives' meeting.
Tech giants, which dragged down the S&P 500 in April, are now fueling a recovery in US stocks. Traders expect companies such as Nvidia and Microsoft to drive the index higher in the near future, Bloomberg reports.
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
