Banks in the Gulf Cooperation Council (GCC) region will see their profits fall this year as economies shrink amid the coronavirus outbreak and lower oil prices, but have adequate capital underpinning their
The disruption to energy markets and enduring behaviour changes caused by the coronavirus crisis, may deliver lasting change to energy consumption, Moody’s Investors Service said in a report, with the oil and
By Han Tan, Market Analyst at FXTM Asian stocks on Friday extended the previous day’s declines, following the latest rout on Wall Street. The Dow Jones index saw prices sandwiched between its
Moody’s has lowered its crude oil price assumptions and expects that Brent will average $35 per barrel this year and $45/barrel in 2021, or $8/barrel below the rating agency’s March 2020 assumptions,
By Han Tan, Market Analyst at FXTM The Dollar is weaker against all G10 and Asian currencies ahead of Wednesday’s Fed rate decision and the US Q1 GDP announcement. The Dollar index
By Jameel Ahmad, Global Head of Market Research and Currency Strategy at FXTM Could you ever imagine you would see the price of U.S. crude oil valued at less than a pizza?
The benchmark US crude West Texas Intermediate (WTI) collapsed to just below $11 on Monday, its worst drop since December 1998, as the coronavirus outbreak causes demand to slump. “Over the past
By Han Tan, Market Analyst at FXTM Asian stock markets are a sea of green, while US equity futures are also pointing to more gains for Wall Street to close the week.
By Hussein Sayed, Chief Market Strategist at FXTM The price war between Saudi Arabia and Russia ended over the weekend as the world came together to slash oil output by more than
By Han Tan, Market Analyst at FXTM Brent fell by 4.1% and is struggling to keep its head above the psychological $30 level, while WTI edged closer to the $20 line plunging
