By Bhavik Patel Oil price is set for a second consecutive weekly gain thanks to the support from OPEC+ where Saudi Arabia agreed to extend their voluntary cut of 1 million bpd while Russia also committed to cut its production by 5,00,000 bpd. The two measures would take 1.5 million bpd off the market in […]
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Central Banks gearing for a prolonged pause? Dollar slips, commodities gain on US Fed rate hikeCentral Banks gearing for a prolonged pause? Dollar slips, commodities gain on US Fed rate hike
By Gaurang Somaiya The recent decision made by Fed was expected, the Fed raised its rates by 25bps, while the ECB followed suit with a similar increase but a peak is now clearly in sight and the debate is set to shift to how long rates will need to be kept at current levels. Additionally, […]