The International Monetary Fund announced Tuesday that it raised its outlook for global economic growth to 6% this year from 5.5% in January’s forecasts, as reported by Reuters. “IMF 2021 forecast would mark fastest global growth pace since 1976 led by strong US rebound.”“IMF raises US 2021 growth outlook by …

As planned by the British government, parts of the country’s economy will reopen next Monday, the 12th of April, while vaccination operations will continue. Prime Minister Boris Johnson said that the government has given the green light to reopen non-essential stores, gyms, outdoor hospitality venues, and hair salons for the …

The seasonally adjusted unemployment rate in the euro area came at 8.3% in February 2021, higher than market expectations of 8.1% and higher than 7.3% the previous year. The number of unemployed increased by 48,000 compared to the previous month to 13.571 million. The youth unemployment rate, which measures job …

Following the conclusion of its April monetary policy meeting, the Reserve Bank of Australia board members decided to keep the official cash rate (OCR) unadjusted at a record low of 0.10%. The RBA maintained its target of 10 basis points for yield on a 3-year Australian government bond. The central …

The dollar settled near its lowest level in nearly two weeks against a basket of counterpart currencies, tracking the decline in US Treasury bond yields from their recent peak, despite signs of a strong economic recovery in the United States. The dollar index fell to 92.527 in the Asian session, …

The European index reached a record high on Tuesday, April 6, to compensate for all the losses incurred by the pandemic as investors bet on a rapid global economic recovery, stimulated by massive stimulus spending and immunization campaigns against Covid-19. European dealers returned to the market after a long holiday …

World Bank President David Malpass said Monday that he expects China, the United States, and other major economies in the Group of Twenty to extend the freeze on bilateral debt service payments until the end of 2021 when it meets next week. Malpass told reporters that the G20 initiative to …

Oil prices rose on Tuesday, April 6 as investors looked to chase bargains following a drop the previous day due to higher OPEC+ production, while prospects for recovery improved thanks to strong economic data from the United States and China. By 06:46 GMT, Brent crude futures rose 78 cents, or …

The current trading of Bitcoin is witnessing a bearish bias, after finding resistance near 58,785, where the current moves are witnessing stability below the aforementioned level. We tend to be negative in the coming hours depending on the RSI losing the bullish momentum. Confirmation of breaking 58,550 puts Bitcoin under …

Positive trading continues to dominate the German DAX index, recording its highest level at 15,207. On the technical side, we tend to be positive, depending on the stability of trading above sub-support 15,120, and in general above the pivotal support floor 15,070, and we find the RSI indicator continues to …