Magazine for Forex Traders

In the press conference of the European Central Bank, which is traditionally held after the announcement of the interest rate decision, its head Mario Draghi made a speech. He stated that soft monetary policy cannot be eternal. The issue of QE expansion after March next year was not even discussed by the bank. Draghi noted […]

After negotiations and consultations that have been actively conducted in recent months, the countries of OPEC still managed to overcome the existing differences in positions and agree to reduce oil production to 32 million 500 thousand barrels per day. No such agreement has been made by the cartel in the last eight years. The total […]

In the United States, it’s beena conference that discussed the issue of monetary policy changeof the regulator. At the opening of the event, the head of the Fedresearch, Jerome, delivered a speechPowell.He noted in his speech thatThe Federal Reserve …

In her speech Elvira Nabiullina assessed the economic situation in the country. In particular, she said that Russia’s GDP will grow by 1.5-2 percent per year in the medium term. The growth rate may be higher if structural reforms are implemented. Nabiullina also noted that the implementation of measures to accelerate economic growth, proposed by […]

The ECB Board of Governors at its regular meeting decided not to make any changes to the current monetary policy. The key rate, which determines the cost of credit in the economy of the region, remained zero, which is a record low level of this important indicator. The overnight deposit rate also remained at the […]