As expected, Saudi Arabia followed Russia and its decision to voluntarily cut oil production. The first reaction of the market to such changes was the rise of quotations above $90 per barrel. As a rule, in a not very stable world economy, such demand for news quickly fades away. But when a giant like Goldman…
US Federal Reserve Governor Christopher Waller spoke today on the current economic situation in the country, based on economic statistics for the past week. He believes that the situation in the labor market is beginning to soften, and he is not surprised that the unemployment rate has risen, but does not comment on the reasons…
Despite the huge inflation in Turkey and the strong devaluation of the Turkish lira against the US dollar, Turkey can become the leading economic country of the entire Western alliance. In addition to cooperation with Russia, with which agreements were reached yesterday in the field of nuclear and oil energy, the World Bank continues to…
According to the latest data, in the Eurozone, the automotive market added +17% in July. This is the twelfth consecutive month of sales growth. “Who are they selling to?” – you ask. Everything is obvious here, and everyone is well aware that the largest sales market is under sanctions, while China has its own. It…
The Chinese yuan, following the Russian ruble, continues to weaken against the dollar. It was announced today that Chinese banks are considering further cuts in deposit rates (the third cut this year) to stimulate the economy. From a fundamental point of view, the Chinese yuan should weaken, but from a technical point of view, given…
The Japanese yen is trading in a range as part of the completion of the five-trend buying wave. Earlier, in this range, the Bank of Japan carried out interventions to reduce the exchange rate against the dollar and devalue the national currency. We expect the market to react to this range and reduce quotes against…
