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Is worse scenario in 2020 real?

There are many analysts who expect price of the black gold worse than in 2019. If it happens, the price will have impact on the global economy. Problems with demand we can see on the OPEC’s policy by cutting the production. Last cut which have affect from January 1 reduces the production by 500 000... Is worse scenario in 2020 real?
There are many analysts who expect price of the black gold worse than in 2019. If it happens, the price will have impact on the global economy. Problems with demand we can see on the OPEC’s policy by cutting the production. Last cut which have affect from January 1 reduces the production by 500 000 barrels per day.

Lowering the price will decrease the production which will have impact not on the energy sector, but also several parts of sectors connected to oil. Lowers the production will lower the workforce needed in sectors what will raise the unemployment. Higher unemployment starts the cycle of the spiral which slows the economic growth on the end.

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Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global equity markets wrapped last week on a bullish note. At the same time, investors and market participants were cautious last week driven by hawkish comments from ECB and FED policymakers. As we enter the new trading week, the main attraction for this week is Thursday’s US PCE inflation data, which might offer some hints about the inflation trajectory in the US.

Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

The new week has started fairly quietly in terms of price action because the US stock markets closed for George Washington's birthday. This week, investors should closely review the most recent meeting minutes from major central banks for clearer signals about the direction of interest rates in the near future. At the same time, the chipmaker Nvidia reports earnings this week, which will be closely watched by Wall Street traders and likely to cause big moves.