Recent content by Fibo Group Forex Broker

Russia and Saudi Arabia extend oil agreement Russia and Saudi Arabia agreed on the need to extend the maximum level of reduction in oil production at OPEC+ by at least one month. Future plans will depend on the market situation. And the situation is not so good. The OPEC+ negotiations...

U.S. riots: curfews and troops imposed in 40 US cities - US authorities impose curfews in major cities due to riots that began with protests against the killing of an African American by police in Minneapolis, and ended with looting and vandalism from Seattle to New York. - US authorities are...

American chaos and weak PMI Riots intensify in the US. Clashes between protesters and police continued in the country's largest cities from New York to Los Angeles, forcing Amazon.com Inc. restrict delivery and Apple Inc. to close some stores. Refined business activity index (PMI) of...

Market Watch China is ready for tough countermeasures Let's start today's issue with the conflict between the US and China. I will your draw attention to the fact that China is still trying to restore the fragile peace agreement. The Chinese Ministry of Foreign Affairs calls on the United...

📆 Economic calendar for the week 📆 Slowly but surely, business activity indicators in the world are growing. #Covid19 pandemic has long reached a plateau and is in decline. The OPEC+ ministers are discussing the possibility of holding negotiations scheduled for June 9-10, 2020 almost a week...

USA: GDP fell 5% in the 1st quarter Preliminary US GDP data released yesterday showed a 5% decline. This is the first quarterly contraction of the economy since the beginning of 2014, as well as the lowest since the fourth quarter of 2008. Then, against the backdrop of the financial crisis, the...

Market Watch Canadian GDP The world economy is on the verge of collapse with most countries showing record declines, but the situation in the stock markets remains relatively stable. Oil prices are recovering despite the unexpected growth in stocks. Let me remind you that yesterday the US...

Chinese gambit: US imposes sanctions on China Washington blacklisted 33 Chinese companies, almost all specializing in computer technology and software. The pretext for these sanctions was the "oppression of the Uyghurs" in the country. However, the most likely reason is that Beijing violated...

Brexit: deadlock again Recently the media reported that British Prime Minister Boris Johnson is planning to fly to Brussels in the second half of June. However, there are no special changes in the exit procedure as of today. Both sides cannot agree among themselves and continue to pull a strap...

Swiss Bank sells off CHF Yesterday, the head of the Swiss National Bank (SNB), Thomas Jordan, spoke about the state of the monetary policy in Switzerland - the main message is that now it is time to more actively regulate the region's monetary policy. This is primarily due to the fact that...

Repair and Prepare: EU unveils 750 bln euro plan for coronavirus recovery On Wednesday the European Commission announced an anti-crisis plan, under which it will pay the EU countries €750 billion (instead of €500 billion) in the form of grants and loans. Most of the money will go to Italy and...

Market Watch Discovering the vaccine One of the main topics in the past few weeks remains a phased plan for most countries to exit the quarantine measures. But as we can see now, business activity is still very weak. Nevertheless, investors are optimistic, because a number of large companies...

EU Antivirus Fund The path to the euro's recovery is likely to be bumpy. Four European Union countries already nicknamed the "mean four" in the media are to blame. They categorically refused to support the plan of Berlin and Paris to create a fund to help countries that were most affected by...

Global oil demand has yet to peak, says IEA head During the press conference, the head of the International Energy Agency (IEA) gave a very encouraging comment on the recovery of the oil market: - “Low oil prices and a gradual economic recovery will lead to the fact that the demand for oil will...

Economic calendar for the week Trump accuses China of all mortal sins. The world continues to drop quarantine bonds, and in Japan the emergency mode is being canceled and the liquidity gun is being charged. ======= Weekly calendar: 05/25/2020, Monday - Non-working day in the USA; -...