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Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The main events by the morning: August 6

August, 06 2024
watermark Economic news

  • Goldman Sachs forecasts a rise in gold prices to $2,700 per ounce. Goldman Sachs Group analysts noted that long positions in gold currently represent the most valuable hedge among all commodities.


  • The average maximum deposit rate in the largest banks of the Russian Federation exceeded 17% per annum. This is the maximum since March 2022.


  • Rutube has more than doubled its audience over the past year. Experts believe that this is due, among other things, to the appearance of pirated content from Western majors on the platform.


  • There is a rebound on the Asian stock exchange. Japan's Nikkei index rose 10% after a record 13% drop on Monday.


  • The Ministry of Finance of the Russian Federation has increased oil revenues. The Ministry of Finance of the Russian Federation increased oil revenues by more than 60% in seven months compared to the same period last year.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.