Iran exports €493 million of goods to Europe
Iran has exported €493 million worth of goods to five European countries in 10 months before November 2020, which shows a 7-percent increase compared to the previous year.
China Will be Top Global Economy
China will leapfrog the U.S. to become the world's largest economy by 2028, according to a new report by an economic think tank, helped by its rapid and successful response to the COVID-19 coronavirus pandemic
Oil moves higher on Brexit deal
Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory, sparked optimism.
Gold Price Futures Technical Analysis
Gold Price Futures (GC) Technical Analysis – Closed Inside Key Retracement Zone at $1894.60 to $1870.30. Gold futures edged higher in holiday-thinned trade on Thursday.
Fed raises its economic outlook
The Federal Reserve expects the real gross domestic product to fall just 2.4% in 2020, compared to a decline of 3.7% predicted in September. The Fed also upped its 2021 real GDP forecast to 4.2% from 4.0%.
Oil drops on surprise U.S. stock build
Brent crude futures fell 71 cents, or 1.4%, to $49.37 a barrel at 0646 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 67 cents, or 1.4%, to $46.35 a barrel. Both contracts fell nearly 2% on Tuesday, already a second straight session of declines.
Gold Price Reach $1911
Based on the optimism that the House and Senate had reached an agreement in regards to the revised bipartisan fiscal stimulus bill on Sunday, gold futures traded to an intraday high of $1912 overseas last night in London.
International railway to launch in 2021
The Islamabad-Tehran-Istanbul (ITI) freight train is expected to resume operations in early 2021 to boost Pakistan’s trade with Turkey and Iran.
Natural Gas Price Showing Signs of Life
Natural gas prices rebounded on Friday after traders took another look at Thursday’s Energy Information Administration (EIA) storage report.
Trader Reaction to $49.07 Will Determine Strength of Rally of Crude Oil
The main trend is up according to the daily swing chart. The uptrend was reaffirmed on Friday when buyers took out the March 3, 2020 top at $49.07.