Everything is in the negative again – the clouds are gathering more and more over the European economy

29.08.2023

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The IW Institute lowered its forecast for German GDP growth to 0.5% by the end of the year. The euro remains under pressure and continues its downtrend. This direction may stop if the job openings report in America is bad, but not for long.

Market reviews

Invest amid the seize the Bitcoin Boom

Bitcoin is once again approaching its all-time high, yet this surge in price has not significantly increased retail investor interest. Despite hitting $73,562 on October 29, the cryptocurrency's popularity among retail investors remains tepid, with search trends and app rankings showing little change.

Middle East tensions provoke raise price gold!

Amid escalating geopolitical tensions in the Middle East and significant economic data from the US, gold prices have surged to record highs. Investors are navigating a landscape filled with uncertainty, from potential Federal Reserve interest-rate cuts to the upcoming US presidential election, making gold a favored safe-haven asset.

Big expectation on oil market surges

The geopolitical tension between the United States, Iran, and Israel has reached new heights as recent sanctions and military threats have intensified. These developments are not only shaping international relations but are also impacting global markets, particularly the oil industry.

Top currency pairs to invest now!

The global financial markets have been witnessing significant movements across various currency pairs. This article will delve into the recent trends and reversals observed in pairs such as GBPCAD, USDCAD, EURAUD, EURGBP, GBPUSD, EURUSD, and USDJPY, examining the underlying factors and potential future directions.

Strategies for investing in stocks and indexes

Global stock markets experienced notable fluctuations on Monday as investors reacted to key economic data and earnings reports. Both U.S. and European stock indexes fell, reflecting the heightened uncertainty in the financial landscape.

Gold’s meteoric rise amid Israel-Hamas war

The price of gold has recently seen a significant recovery, climbing over 1.0% to trade in the $2,660s per troy ounce. This resurgence is largely attributed to heightened geopolitical tensions following the Israeli army’s ground invasion of Lebanon, which has increased the demand for gold as a safe-haven asset. Several factors have contributed to the recent movements in gold prices.

Key Oil market moves to invest

Saudi Arabia is poised to shift its oil production strategy, moving away from its unofficial target of $100 per barrel. This change comes as the kingdom prepares to incrementally increase its monthly oil output, aiming to add a total of 1 million barrels per day by December 2025. This policy shift acknowledges the current weakness in oil prices and aims to stabilize the market while ensuring the kingdom’s economic stability through alternative funding sources.

Time to Invest in Chinese Tech Giants

The recent decision by the People’s Bank of China (PBOC) to cut interest rates has had a significant impact on the financial markets. This move, aimed at revitalizing the world's second-largest economy, has led to notable gains in Chinese shares and exchange-traded funds (ETFs).