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Crude oil prices fell by 4.24% yesterday. What are the reasons behind the minimal effectiveness of OPEC+ production cuts?
Crude oil prices fell by 4.24% yesterday. They have been continuously declining for five consecutive days since last Monday. Although there was a slight rebound in prices one day in between, the overall oil price has still dropped from $74.78 to around $67. On June 4th, OPEC+ announced an extension
The S&P 500 index had a decline of over 25% in 2022. Where will the turning point be in the future?
In the history of the S&P 500, there have been a total of 7 instances where it experienced a decline of over 20% or more. After the decline halted, it subsequently saw a sustained upward trend lasting at least 1 year, with a promising trajectory. In 2022, the S&P 500 experienced a decline of
USD Index Strengthens for Multiple Days, Focus on Fed Chair Powell's Speech for Key Clues on Interest Rate Pause.
According to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in June is 63.8%, and the probability of a 25 basis point rate hike is 36.2%. In July, the probability of maintaining interest rates at the current level is 61.4%, the probability of a cumulative
US debt limit nears, market worries grow. Focus on Biden govt.'s crucial meeting on debt limit. Spending cuts proposal approval may drop gold below $2005, oil rises $73.
US nears default, Biden and House Republicans prepare for crucial debt limit negotiation. Meeting scheduled for Tuesday, 3 PM US time (Wednesday, 3 AM Beijing time). Biden to meet with McCarthy, Senate Dem leader Schumer, Senate GOP leader McConnell, and House Dem leader Hakeem Jeffries. There's a l
USD index strengthens, potential changes in Fed rate cut outlook.
Recent data releases, including higher-than-expected jobless claims and PPI figures, indicate a slowdown in the US economy and easing inflationary pressures. This aligns with the majority of economists' expectations of an impending recession by the end of the year. Some market predictions suggest th
Gold price surges intraday, could it face a correction to $1972?
Gold has risen by around 0.73% so far, with the current price oscillating around 2004. This trading day coincides with the International Labor Day, and most financial markets worldwide are closed. Meanwhile, this week will see the release of the Fed interest rate decision, ECB interest rate d
Federal Reserve Interest Rate Hikes and US Debt Ceiling Crisis: Is Now the Perfect Time to Invest in Gold?
The debt ceiling in the United States is $314,000, and the original deadline for reaching the debt ceiling was August. However, analysts now suggest that the deadline may be as early as June, which increases the risk of debt default and may have a huge impact on the global economy. To avoid a debt d
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