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ISM Services PMI and US Dollar
Is the dollar back on the uptrend?After overall positive NFP numbers, now eyes turn to today's ISM Service PMI numbers. Service purchasing managers' index for June is projected to decline slightly from 64 points in May; however, it is still expected...
OPEC Failed, Oil Gained!
UAE's position has not changed!According to unofficial resources, Bloomberg and Reuters reported that OPEC and non-OPEC producers, known as OPEC+, have decided to postpone the meeting after three days of unsuccessful negotiations, leaving the output...
Gold and Market's risks
What do economic data tell us?The week started with almost negative news. Earlier published data from Asian and European countries besides Coronavirus news had some alert. Caixin Services PMI data Earlier Monday showed China`s services sector with a...
NVIDIA buys Arm from SoftBank for $40 billion
Nvidia Buys British microprocessor developer Arm from Japanese SoftBank`sNVIDIA announced the purchase of the British microprocessor developer Arm from the Japanese holding company SoftBank. The deal will amount to $ 40 billion. Arm develops chips f...
Weekly Outlook, 5 - 9 July
Banks and economic data!Federal Reserve meeting minutes, RBA interest rate decisions, and ECB's Special Strategy Meeting can spotlight the week ahead. And while Monday is Independence Day and a holiday in the US, Europe will start the week with Servi...
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