The price of oil rose as much as 8% on Monday following the surprise announcement of a production cut of over one million barrels a day by OPEC+.
As a result, the soaring oil prices will likely mean interest rates will remain higher for longer as inflationary pressures are fuelled by the price rally.
There are 13 OPEC member countries within the OPEC+ group, mainly located in the Middle East, as well as ten non-OPEC countries, including Russia, Mexico, Read More
Bitcoin will rally from the latest cryptocurrency crash to hit a new record high of $75,000 by the end of this year.
That’s my latest prediction, even as Bitcoin’s price declined under the $40k mark a number of times on Monday, impacting the wider crypto sector.
The total crypto market is down $1.89 trillion currently, an 11% fall compared to last week.
What we’ve seen is Bitcoin briefly falling under $40,000, tracking losses in global equities. The correlation with Read More
Negative interest rates are on the way. Now’s the time for investors to boost their portfolios to get ahead of the curve and accumulate wealth.
Earlier this week we saw rate options indicate a 23% probability that the key federal funds rate will fall below zero by the end of this year, according to BofA Securities data.
And it’s not just the United States heading for this situation.
Yesterday the Bank of England Deputy Governor insinuated that the UK Read More
The way in which the world recovers from a coronavirus-triggered recession will lead to a profoundly different way of how we live, do business and invest.
Consensus is mounting across the globe that a temporary global recession is forthcoming and as governments and central banks grapple to attempt to curb the impact.
Indeed, on Sunday, the United States Federal Reserve reported another interest rate cut, its second emergency measure undertaken in Read More