Natural Resources Issues is Hot Topic: Thursday News

Natural Resources Issues is Hot Topic: Thursday News

Issues with commodities are becoming more and more crucial, countries are discussing possible ways to solve this problem.

Sanctions against Russia have forced traders to fear shortages in energy, grains, and metals. OPEC+ agreed to stick to plans of a modest increase in production in April. The organization ignored calls to increase oil supply even as prices rise to multi-year highs. XBR jumped to $118 a barrel.

XBRUSDM1.png

Powell, in his speech to US lawmakers, backed the Fed's measured interest rate hike and inflation vigilance, while pointing out that the world's largest economy could handle higher borrowing costs. He has spoken out in support of a quarter-point Fed rate hike later this month. He also pointed out that the central bank may have to take tougher action if price pressure does not start to ease. USD is fluctuating.

UsDollarM15.png

Japan led the Asian stock index while Chinese tech stocks lagged.

European futures fell and US contracts remained firm after a broad rally on Wednesday that lifted the S&P 500 and the Nasdaq 100. EURUSD pair reacted actively with going up and down and then stabilized.

EURUSDM5.png

The Bank of Canada raised its key interest rate for the first time since cutting the base rate to near zero at the start of the COVID-19 pandemic to curb inflation, which is likely to continue rising from the current three-decade decade. USDCAD dropped to 1.2600.

USDCADM5.png

 

Have a good trading day!

Similar

Will oil change the trend after OPEC meetings?
Will oil change the trend after OPEC meetings?

Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera