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According to Reuters, Saudi Arabia may raise its August official selling price (OSP) for crude oil sold in Asia. That would be the third monthly price hiking due to an increase in Middle East benchmarks and a rebound in Asian refining margins. As of August, Middle East crude supply may …
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16 April, 2026 2:47 am
ECB Likely to Hold Rates Amid War Uncertainty
European Central Bank policymakers are signaling a cautious stance as they prepare for their late-Ap…
16 April, 2026 1:33 am
Iran Floats Proposal for Safe Passage Through Strait of Hormuz on Omani Side
Iran has signaled a possible shift in its stance on the Strait of Hormuz, offering ships safe passag…
16 April, 2026 12:53 am
Sterling Climbs Against Euro as Market Optimism Builds
The British pound extended its gains against the euro, pushing the GBP/EUR pair above 1.1500 and rea…
15 April, 2026 11:50 pm
Dollar Strength Keeps Euro Under Pressure Ahead of ECB Meeting
The euro slipped slightly against the US dollar, losing less than 0.1% as the greenback’s strength w…
15 April, 2026 10:37 pm
Dollar Edges Higher Amid Ceasefire Optimism
The US dollar posted modest gains on Tuesday, with the dollar index rising just 0.02%. The move refl…
15 April, 2026 9:38 pm
Brent Crude Rises as Gulf Output Cuts Tighten Supply
Global oil prices, led by Brent crude, climbed on Wednesday as concerns over shrinking supply domina…
15 April, 2026 7:27 pm
Gold Hesitates Near Highs: Fragile Calm and Policy Uncertainty Keep Markets on Edge
Gold is trading within a tight range with a mild downward bias, as investors weigh a complex mix of …
15 April, 2026 5:38 pm
Trump Escalates Fed Showdown: Threatens to Fire Powell from Board Amid Transition Turmoil
Key Takeaways: Ultimatum for Powell: President Trump threatens to outright fire Jerome Powell from h…
15 April, 2026 5:14 pm
Trump Signals Iran Peace Deal Within Weeks as U.S. Tightens Military Grip with Full Blockade
President Donald Trump has expressed optimism that a permanent ceasefire with Iran could materialize…
Market Analysis
July, 2020
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1 July 2020 3:09 pm
COVID-19 Updates: Gloomy Warnings in the US
The world’s efforts for discovering a cure are going at full capacity, with Gilead’s remdeisivr being a potential cure. In the US, the number of cases reached 40,000 again, and epidemiologist Anthony Fauci warned that the US could see 100,000 cases per day. While testifying on Capitol Hill, he told …
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1 July 2020 2:39 pm
IFO Sees Europe’s Largest Economy Contracting by 6.7% in 2020
“Germany’s economy will gradually recover after a historic slump due to the coronavirus pandemic and will likely return to last year’s level at the end of 2021,” economic institute IFO said on Wednesday, according to Reuters. IFO sees GDP contracting by 11.9% in Q2 on a quarterly basis and to …
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1 July 2020 2:13 pm
Eurozone PMI Manufacturing Finalized at 47.4
Eurozone PMI Manufacturing was finalized at 47.4 in June, up from 39.4 in May a report by IHS Markit said. The index was in contraction below 50 for 17 consecutive months. and had fallen to 33.4 in April. The report stated: “Eurozone manufacturing sector continues to contract sharply,” “There was …
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1 July 2020 1:54 pm
UK Manufacturing Activity Picked Up in June
After the Great collapse due to COVID 19 pandemic, the UK manufacturing sector returned to recovery after it began to stabilize last June. IHS Markit’s Purchasing Managers Index (PMI) posted 50.1 compared to 40.7 in May, in line with economists’ expectations. PMIs are given on a scale of 0 to …
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1 July 2020 1:13 pm
Dubai’s Economy Shrank by 3.5% in Q1 Amid Coronavirus Pandemic
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength …
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