EUR/USD 1Q Forecast: US Dollar May Rebound, FED, ECB Policies Diverge
The US Dollar soared at the onset of the Covid-19 pandemic as panicked credit markets began to seize up, sending capital scrambling for the reserve currency’s ultimate liquidity.
Iran allocates $150,000 each for victims of Ukraine crash incident
Iranian cabinet members agreed in a session on Wednesday to allocate 150,000 dollars or its euro equal to each family of the victims of the Ukrainian plane crash in Jan, 2020.
Which Developing Economies Will Rise After the Pandemic?
The crisis has created many obstacles to growth, but also some opportunities.
Gold Prices Rise on Moving Average Crossover
Gold prices moved sideways edging slightly higher following the news over the long weekend that President Trump had signed the US government stimulus bill.
Iran Unveils Own Oil Tanker In “Goodbye Party” For Trump
The Islamic Revolution Guards Corps (IRGC) of Iran unveiled this week the second oceangoing oil tanker it has helped to build, to show that the Islamic Republic has managed to build a tanker despite the U.S. sanctions imposed.
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%.