WTI OIL Outlook: Oil Dips after OPEC Signaled Easing in Production Curb; EIA Crude Stocks
WTI oil price fell nearly $1 but remains above $40 level after OPEC+ announced that the group of top oil producers will ease record supply cut from August, as global economy recovers. The group is set to reduce output cut...
Coronavirus Vaccine Hopes Prompt Full Risk-On, Dollar and Swiss Franc Dive
Markets are in strong risk-on mode again on coronavirus vaccine hopes. Moderna group said earlier that the vaccine candidate produced a robust immune system response in a large group of people. Next will be a decisive clinical trial in July....
A Booster From Moderna
Stock markets have been given another lift this morning by another promising vaccine trial, this time from Moderna, as the race to be the first to market intensifies. It goes without saying that a vaccine will be the gamechanger in...
EUR/CHF 1H Chart: Short-Term Increase Expected
The EUR/CHF currency pair has been trading downwards, guided by a descending trend line. Given that the exchange rate could gain support from the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could prevail in...
Falling fertility rates to trigger ‘major shifts’ in economic power, research predicts
People with colorful dresses selling and buying goods in a street market in Osogbo, Nigeria at dusk. Jorge Fernández | LightRocket via Getty Images Declining fertility rates will likely mean almost every country has shrinking populations by the end of...
EUR/USD Trades At 1.1430
On Tuesday, the EUR/USD currency pair raised to the upper line of the short-term ascending channel at 1.1410. During today’s morning, the pair broke the given line. It is likely that the exchange rate could face the resistance of the...
Dollar Tumbles as Fed Stimulus Hope Boosts Risk-On Trades
Risk-on trades dominated the US markets overnight, as Fed officials indicated the willingness to keep accommodative measures in place. Yet, sentiments turned mixed in Asian markets. Hong Kong and Chinese stocks are weighed down by US President Donald Trump’s decision...
Coronavirus vaccine is closer than the market thinks, Wharton’s Jeremy Siegel predicts
Wharton finance professor Jeremy Siegel expects a game changer. He predicts a coronavirus vaccine is closer than the market thinks. “We’ve had almost no setbacks in the schedule developing the vaccine, and I think that’s where upside surprises can occur,”...
Fed’s Kaplan says the U.S. economy will see above-trend growth in 2021
Dallas Federal Reserve President Robert Kaplan said the U.S. economic growth will accelerate next year as the country rebounds from the coronavirus crisis. “In ’21, we will see an above-trend growth, and we will continue to grind down the unemployment...
Cryptos crash but never die, and funds of funds can profit
On July 6, the Financial Conduct Authority (FCA), licensed Crypto Facilities, the largest cryptocurrency futures exchange in Europe, as a fully recognized multilateral trading facility (MTF). The company – which offers a venue for leveraged, cash-settled futures contracts to traders...
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