The Strategist
Markets & Industries

Gold rises above $1,500 per ounce for the first time in six years - 08/08/2019

For the first time since 2013, the cost of an ounce (28.35 g) of gold exceeded $ 1,500 due to increased demand for defensive assets amid fears of an escalation of the trade war between the United States and China and expectations of easing monetary policy by leading central banks of the world. Gold quotes on the Comex exchange in New York rose during trading by 1.3%, to $ 1,503.3 an ounce. Since...

Head of the Japanese banking lobby warns the central bank against further interest rates cuts - 08/07/2019

Head of the Japanese banking lobby warned about the danger to the industry if the central bank increases monetary stimulus or lowers interest rates more, Reuters reports. The recent escalation of the trade conflict between the United States and China has shocked financial markets and triggered an undesirable yen rise. This has increased likelihood of increasing incentives for the Central Bank of...

Experts lower oil price forecasts amid US-China trade war - 08/07/2019

The trade war between the US and China, which could lead to a decrease in oil demand, is forcing experts to revise price forecasts. So, analysts at Fitch Solutions agency forecast an average price for Brent in 2019 at $ 65–67 per barrel with a potential reduction to $ 60 per barrel by 2022. Experts began to lower oil price forecasts amid the trade war between the United States and China....

Iron ore market is facing bearish trend - 08/06/2019

Iron ore prices, which jumped in the first half of the year after supply cuts, are falling amid escalation of the US-China trade conflict and rising supplies, Bloomberg reports. On Monday, iron ore prices in the spot market fell to $ 99.50 per ton, which is more than 20% below the five-year peak reached last month. Iron ore is falling in price amid a wider decline in metal prices as the trade...

China lets yuan plunge freely, causes panic on markets - 08/06/2019

The US is about to introduce duties on imports from China, and so the Central Bank of China stopped holding the Chinese currency. Consequently, its value exceeded the threshold of ¥7 for $ 1 for the first time in 11 years. Washington states that this easing is in fact currency manipulation. Experts point out that earlier the Central Bank of China kept rather high yuan rate in order to continue...

After ICO: What the future holds for the collective investment market? - 08/02/2019

The decline in the cryptocurrency market caused a drop in investor interest in ICOs. IEO, the initial exchange offering, may become its alternative in the coming years. Development of the cryptocurrency market and the general interest in the blockchain technology resulted in a new model of collective investment through the sale of tokens. This model, as an alternative to venture financing and...

US Fed cuts interest rates for the first time in 10 years - 08/01/2019

On July 31, the US Federal Reserve System (Fed) reduced the key rate to 2–2.25% per annum. The decline in its level occurred for the first time since the end of the crisis of 2008. By this decision, the US Central Bank intends to support the US economy amid a slowdown in global growth and conflicts in world trade. However, the markets on Wednesday were more interested in the comments of the...

Global car market falls by 7% in the first half of 2019 - 07/29/2019

In June, the global car market fell by 6.4%. Results of six months were even worse as the sales fell by 6.6%. The world car market in June decreased by 6.4%, to 7 million 794 thousand cars and light commercial vehicles. In the first six months of 2019, sales of cars in the world amounted to 45 million 159 thousand units (-6.6%), calculated LMC Automotive. The annual level of sales cleared of...

Trump threatens to impose additional duties on French wine - 07/29/2019

The US readiness to impose duties on wine is associated with the "digital tax" adopted by France because of "foolishness" of President Macron, Head of the US White House said. US President Donald Trump threatened to introduce penalties on French wine imported into his country. This intention, announced on Trump’s Twitter on Friday, July 26, is associated with a new French “digital tax” that will...

ECB considers rate cut as euro zone growth slowing down - 07/26/2019

Deterioration of the forecast for the European economy growth, further weakening of the industrial sector, low inflation and continuing tension in world trade are forcing the European Central Bank (ECB) to take the path of further easing of monetary policy. Reduction in the already negative deposit rate may occur as early as September; at the same time an announcement about the restart of the...
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