OPEС members are not going to cut their oil production in the near future despite the declining oil prices triggered mainly by increasing oversupply. On top of that, Iran is going to reenter the global market of crude oil as a major player, which is definitely going to increase the growing oversupply even faster.
Not so long ago, Ukraine got the right to export its goods to the USA, while doing it duty free. Most likely, the overall amount of such exports is going to be limited and inconsiderable. The thing is that this program is tailored only to those Ukrainian manufacturers capable of producing premium-quality goods. At this point, Ukrainian may start exporting its household chemical goods to the USA.
The global economy keeps on seeing more and more shocks and challenges from time to time. In early 2015, it became clear that even the notorious Swiss banks cannot guarantee 100% security and safety of funds, not to mention plain FX brokers, which are constantly in jeopardy of going bankrupt. Does it mean it is better to cancel all FX trading and put the money under the mattress? No, it doesn’t! This is what the representatives of a young but promising FX broker named Forex-Market think about it.
According to the Secretary General of the OPEC Abdallah el-Badri, oil prices are expected to stabilize next year. He views the current situation as a challenge for everyone. On top of that, the prices are expected to become balances and stable for longer-term perspective.
Emergency meetings follow each other. Eurozone nations are trying to save Greece. At the same time, experts have raised the alarm - Italy seems to be the next Greece. Yet, this time, if that’s the case, the Greek crisis will seem nothing compared to the Italian one.
History always gyrates, which means there will always be ups and downs, clear trends and periods of standstill. For all FX traders out there, it is all about timing. In other words, it is important to join and leave the trend just in time.
A company’s name reflects its aspirations and prospects. That is why they founders called their company Forex Trend. The company’s history over the last 5 years is a crying example of a classic Forex trend with momentums and retracements.