Magazine for Forex Traders

OPEC in Algeria is over. According to news agencies, the exchange of views of the meeting participants led to a preliminary agreement on limiting the volume of oil production. Proposed to reduce the total oil production by 796 thousand barrels per day by OPEC member countries. The largest oil producer, Saudi Arabia, is ordered to […]

The regular meeting of the Board of Directors of the Bank of Russia was held last Friday. Its participants decided to reduce the key rate to 7.5 percent. The statement of the Russian Central Bank notes that short-term inflation risks have become weaker. Most likely, in 2018 the growth rate of consumer prices will be […]

Vienna hosted the event expected by the oil market participants – the meeting of OPEC.As a result of this agreement, the expected decision was made to extend the agreement on the reduction of oil production until April next year.The oil ministers of …

In the United States, a regular meeting of the Federala backup system. It resulted in a decrease of the key rate by 0.25percentage point up to 2-2.25 percent. Eight out of ten voted for this decision.members of the Open Market Operations Committee. E…

Mark Carney, Head of the Bank of England, said it’s too early to talk about a rate hike. It’s not time for correction yet. According to him, there are no relevant signals to address this issue. In particular, low wage growth rates ease inflationary pressures. Mark Carney also noted that there is no consensus in […]