Last night, Donald Trump expressed in his interview that no agreement on current tariffs has been made with China, due to China’s request. He added Chinese are aware that I will not cancel tariffs however, they are willing to do so for some of them. US president’s talk was contrary to China’s Minister of Commerce…
Saudi Arabia is taking Aramco public on Riyadh stock exchange next month. Aramco is the most profitable firm worldwide with a net profit of USD 111B last year. Aramco is producing 10% of the global oil! According to international banks, the value of Aramco is USD 1.5 trillion, less than the expectation of Saudi Arabia…
The New York Stock Exchange continues a bullish trend with a new historical record for S&P500 Index. The global liquidity increased to USD 75.914T, stimulating the market significantly. Also the Federal Reserve Bank balance sheet expands to over USD 4T. Liquidity or money supply includes the total value of money available in an economy (money,…
USD continues a bearish trend in global markets, down 1.8% MOM. Currency market investors were neglectful to the utterances of the Chair of the Federal Reserve about the desirable outlook of U.S. economy and employment. Analysts believe that even if U.S. economy grows, Federal Reserve has no plan to increase dollar interest rate so USD…
Trump allowed foreign firms of China, Russia and Europe to collaborate on the civilian nuclear program with Iran’s Atomic Energy Organization while Lindsey Graham of South Carolina and Ted Cruz of Texas were extremely disagree with Trump’s decision. Analysts believe that Trump is still hopeful to meet Rouhani which can be a good support before…
While Tehran Stock Exchange (TSE) fell 2.7% in October, it has strengthened 92% since January 2019 which is higher than Rial value decrease of 17% in the same period. In other words, TSE was one of the best investment options in Iran.
Index for hard coking coal in Australian ports fell 7.7% on November 1st 2019. It also dropped 9.6% WOW. Price at Chinese ports decreased 10.2%. Stricter rules of China for coal import as well as the recent fall of domestic coal prices caused the bearish trend of hard coking coal market. India and China bought…
The highest currency value in 2019 is related to Ukrainian Hryvnia: +12.27%, Egyptian pound: +10.94% and Russian Ruble: +8.78%.
#USD +0.07% >>> 97.75 #Gold +0.15% >>> USD 1,492 Last night, to central bank deducted the interest rate -0.25% once again, for the third time this year, as expected. Hence it reached a 1.75% top. The decrease of USD interest has been said to be unnecessary according to experts and has raised up protests. Statistics…
The +1.5% growth of Turkey’s import scrap together with the +0.3% rise in Iran export billet Nickle +1.3% Iron ore +0.6% Zn -0.9% Australia coal -1.8% Ferrovanadium -2.6%
