Global energy markets saw their largest percentage moves after last week’s drone attacks on Saudi oil production facilities in Abqaiq and Khurais. The attacks that immediately halved the country’s output came at a time of high tensions between Iran and Saudis’ biggest ally the United States.
Overview
The Central Bank of the Republic of Turkey is meeting to decide on its interest rates on October 24. The CBRT's Monetary Policy Committee (MPC) has, in its last two meetings, slashed the rates by 750 basis points in...
Turkey is facing several crises stemming from multiple fronts, particularly with its western allies. The first and foremost issue entangling the country’s already fragile economy is the threat of devastating US sanctions in response to Ankara’s purchase of S-400 missiles from Russia.
Weekly look at Commodities
Precious metal prices along with energy commodities have been on an upward trajectory. Recent remarks by US Federal Reserve officials signaling an imminent federal funds rate as early as the Federal Open Market Committee (FOMC) meeting...
Read our Cryptocurrency Bulletin to find out more about the developments that led to price fluctuations in almost all cryptocurrencies.
Weekly look at Commodities
US President Donald Trump announced on Friday that his administration was retaliating against China’s move to increase tariffs on American products with increasing tariffs on Chinese goods.
Trump tweeted that tariffs on the existing 250 billion dollars-worth...
The expiration of more than 50 percent of Chicago Mercantile Exchange bitcoin futures contracts on August 30 led to price volatility in the crypto markets. In anticipation of the expiration, Bitcoin’s price saw a price point below $ 9,500 for the first time since July as it has lost lost even more during the following sessions. Although the CME expiration of contract may not have been a direct cause that triggered the drop, it nonetheless was a major contributor.
Weekly look at Commodities
The United Federal Reserve cut during its October meeting interest rates for the third time this year. The federal funds rate was lowered by 25 basis points to between 1.5% and 1.75%.
The Fed’s decision or “insurance...
Overview
US President Donald Trump on Friday announced that he and a Chinese delegation reached the first phase of a what he called a “preliminary” deal to end their trade war.
President also suspended his long-threatened tariff hikes on at least...
Overview
The US Labor Department’s monthly jobs report on Friday showed an increase of 136,000 in nonfarm payrolls last month, that was less than the August figure but still below the estimated 145K. The data also showed the unemployment rate...
