kahinistanbul's Blog
This week
Will U.S. business statistics normalize the agenda?Markets last week again the subject of trade wars stamp was. On the last day of the week, U.S. President Donald Trump's announcement that the European Union would bring customs duties to EU-derived cars increased tension. During the week, statements from many countries have been followed, while the chaotic environment in the markets has also caused a change in pricing behavior. In some assets, mainly stock indexes, sales pressure was slow, while…
Brent oil
U.S. Energy Secretary Rick Perrey said he believed that the US sanctions against Iran would be reinstated and that the decline in global oil supply would be compensated by the increase in Saudi Arabia and Russia's production. Russia's Energy Minister Aleksander Novak said that if OPEC members fail to agree on a 1 million barrel/day production increase, they will increase oil production by 200,000 barrels/day in the second half of the year, while Russian oil companies will increase their producti…
EURusd overview
The ongoing refugee crisis between the Christian Union bloc (CDU and CSU parties), one of the largest partners of the German coalition, remains uneasiness over Euro assets. Especially in recent days, statements made after the meeting by Prime Minister Angela Merkel and CDU Parliamentary Group President Volker Kauder show that there is no agreement on immigration policy. Explanations that may come today or in the following days can be directly effective on the parity, so it is useful to follow ca…
Brent oil
Iran, the third largest oil producer of OPEC after Saudi Arabia and Iraq, intensified its efforts to protect itself against US sanctions and sent a letter to the members of OPEC by Iranian Minister of Finance Bijen Zengen, demanding support under the second article of the OPEC Charter. Article 2 emphasizes the protection of the interests of the Member States individually and collectively. He also signaled that he has not yet reached an agreement with Saudi Arabia on the possible need to increase…
Forex (or Forex) Forex and what is Forex market?
Forex (or Forex)Forex and what is Forex market?Foreign Exchange Forex or FX is an acronym that is derived from the English words. Foreign exchange (or FX) today, to a large extent used in the sense of foreign currency or foreign currency, although national currencies to a national currency with the Forex from the same root of abbreviation is used for the modified process. These operations are done the Forex market, where forex trading organizations that have the name of the organization this pro…