Forex News May 17, 2022
OPEC+ OPEC+ continues to produce well below the required level in April, with Russia accounting for roughly half of that. Compliance with OPEC+ output cuts increased to 220 percent in April, up from 157 percent in March. This is despite…
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Trading Copper
Copper is a global commodity with numerous applications in industry and is highly correlated with economic growth. Copper trading is frequently used by hedgers and speculators to protect or profit from future price movements. Copper is traded in a variety…
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Finland and Sweden are planning to apply to join NATO.
Finland's President Sauli Niinisto stated at a press conference alongside Prime Minister Sanna Marin, "Today, we, the president and the government's foreign policy committee, have decided that Finland... will apply for NATO membership." He went on to say that Finland's membership…
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Forex News May 16, 2022
Ratings Fitch Ratings expects the global fiscal recovery to slow in 2022 and 2023.According to Fitch Ratings, the global fiscal recovery in 2021 that followed the Covid-19 shock in 2020 has slowed sharply, owing to higher commodity prices, rising inflation…
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USD/TRY picks up pace
On Friday, USD/TRY extended its monthly rebound for the seventh consecutive session, as the dollar's rally continues unabated and geopolitical concerns keep the lira on the back foot so far. USD/TRY rises due to USD strength and geopolitics USD/TRY rises…
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