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OPEC+ And recession pressure on Oil prices!
Production increase, a decision that has no executive guaranteeOn the first day of the meeting, OPEC+ members decided to increase production by 648,000 bpd in August, which increased production to the pre-pandemic level. As you know, OPEC+ cut the 9....
AU200 and AUD on the last day of H1
More pressure on the stock markets is expected to continue.Australian stock markets ended the H1 2022 losing a tenth of their market value with more warns about a possible recession and rampant inflation. This is while Australian Aussie is also in li...
BTC falls in line with Stock Markets, Risk holding buyers back!
Aggressive monetary tightening policies are the primary concern!After yesterday's worrying comments by central bankers, disappointing US GDP numbers increased the fear of recession. Sharper downtrend continued all across the markets today as well, as...
ECB Forum on Central Banking: nothing but adding the concerns!
Doubt on stock markets and falling oil pricesOn Wednesday, 29th June, European Central Bank's Governor, Mrs. Lagarde, hosted the FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey on the last day of the ECB Forum on Central...
Cable got tired of the side trend!
GBPUSD breached under 1.22The British pound has been standing still since June 17. Even recent weak data on UK retail sales and other sectors failed to impact the price. Data and outlook on Pound and UK economic condition were mixed, while US dollar...