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Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass ...
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discu...
IMF Warns Middle East War Could Derail Global Economic Growth
The energy crisis sparked by the war in the Middle East remains the biggest risk for the global econ...
China: Growth risks rise with softer demand – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding assess China’s July-August data and conclude that domestic demand weakened while production held up.
Pound Sterling Price News & Forecast: GBP/USD slips as Oil-supply fears revive Dollar-haven demand.
The Pound Sterling (GBP) edges lower by some 0.07% against the US Dollar (USD) on Tuesday, with the latter enjoying inflows due to its haven status amid fears of a possible Oil supply shortage. The GB ...
ADNOC Scoops Up Iraqi Crude at $25 Per Barrel Discount
ADNOC is buying tens of millions of barrels of deeply discounted Iraqi crude, processing much of it at home and freeing more of its own barrels for export through a route that avoids the Strait of Hor ...
NZD/USD Price Forecast: Bears break 0.5800 as Kiwi slide deepens
The New Zealand Dollar (NZD) tumbles against the US Dollar (USD) on Tuesday for the second straight day this week, down 0.37% as risk appetite sours, with AI company CEOs expressing concerns about the ...
100 threshold: United States Dollar Index faces make-or-break Fed decision
The US Dollar Index (DXY) holds firm near a two-week high on Tuesday as traders prepare for the Federal Reserve’s (Fed) monetary policy decision on Wednesday. At the time of writing, the index trades ...
Gold bulls hit 100-day SMA wall as US yields bite
Gold (XAU/USD) price holds firm on Tuesday, capped on the upside by solid resistance at the 100-day Simple Moving Average (SMA) at $4,328, while broad US Dollar strength and elevated US bond yields we ...
Diesel keeps climbing until someone reopens a pipeline
American Diesel costs $6.285 a gallon, more than it has ever cost, and it got there in a year when Gasoline never came close to its own record. Gasoline sits about 14% below the high it set in June 20 ...
The New ‘Mecca Alliance’ Warns Iran Over Houthi Attacks on Saudi Arabia
Despite the official Iranian view reiterated last week that it “does not control the Houthis [in Yemen]”, it was senior Islamic Revolutionary Guard Corps (IRGC) commanders in Tehran who ordered the 8 ...
BRICS Summit Takes Aim at U.S. Influence Over the Global Economy
Like the Shanghai Cooperation Organization, BRICS, the global grouping of emerging markets and developing countries, is intent on diminishing Western influence over the world economy. And just like th ...
Australian Dollar Price Forecast: Attention shifts to the Fed
The Australian Dollar (AUD) adds to the negative start to the week, sending AUD/USD back to the boundaries of the 0.7100 region, which appears to be holding pretty well the downward correction for now ...
South Korean Won: Supportive fundamentals, slower gains – Commerzbank
Commerzbank’s FX analysts Charlie Lay and Moses Lim note that the Korean Won has rallied nearly 15% against the Dollar since late June, driven less by the current account surplus and more by structura ...
US Energy Secretary: Saudi Pipeline Could Be Back in Service Within Days
Saudi Arabia’s East-West oil pipeline could be back in service within days, U.S. Energy Secretary Chris Wright said Tuesday, offering the first relatively concrete timeline for restoring a route that ...