Energies
Monthly Archives: February 2023
Oil Continues to Climb, and the Dollar Is Trying to Consolidate
Written on February 8, 2023 at 7:47 am, by Designer
MARKET NEWS SUMMARY Goldman Sachs believes the odds of the US economy slipping into a recession over the next 12 months have fallen to 25%. On Tuesday, February 6th, The US bank said that the combination of rising jobs and gradually improving corporate confidence led to an upgrade in expectations, though it had previously seenContinue Reading
You Don’t Have a Recession When You Have 500K Jobs
Written on February 7, 2023 at 7:49 am, by Designer
Market News Summary Monday (February 6th), US Treasury Secretary Janet Yellen said that she sees a way to avoid a recession in the United States, where inflation drops sharply, and the economy remains strong, given the strength of the US labor market. Yellen told ABC: “You don’t have a recession when you have 500,000 jobsContinue Reading
Oil Continues Its Losses and Investors’ Attention is Turned to Gold!
Written on February 6, 2023 at 8:31 am, by Designer
The US economy added 517,000 jobs last month, the highest level since July last year, and the unemployment rate fell to 3.4%, its lowest level since 1969. Gold prices fell, recording the lowest settlement price in 3 weeks, and at levels below $1,900 an ounce, on Friday, February 3rd, after the release of the monthlyContinue Reading
Gold Continues Its Bullish Trend After Powell’s Remarks
Written on February 2, 2023 at 10:46 am, by Designer
Market News Summary US indices recorded a collective rise at the close of Wednesday’s session after the US Fed’s decision. Moreover, Wall Street witnessed strong fluctuations in its initial reaction to the interest rate decision and the Fed’s statement, which referred to continuous increases in interest rates during this year. Nevertheless, the US stocks regainedContinue Reading
Investing in Commodities
Written on February 1, 2023 at 12:21 pm, by Designer
What are Commodities? Investing in commodities can hold promising opportunities. However, you need to first understand what commodities are. Tea, coffee, wheat, and coffee, gold and oil are all examples of commodities. Commodities are naturally occurring materials or goods that are collected and processed for use in human activities. Because raw materials are required forContinue Reading
Fed’s Meeting to Conclude Interest Rate Today
Written on February 1, 2023 at 11:05 am, by Designer
Market News Summary Markets are preparing for the Federal Reserve meeting today to set interest rates. The Fed is expected to raise 25 basis points. Meanwhile, the markets are awaiting press conference that is to be held after the meeting to determine the course of monetary policy and the number of potential increases during thisContinue Reading
