Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The main events by the morning: May 22


May, 22 2024
watermark Economic news

  • Estonia, the Netherlands, the Czech Republic and Sweden have proposed to the European Union to impose sanctions against Georgia because of the law on foreign agents. Possible measures include the freezing of funds for Georgia from EU funds, targeted sanctions and the suspension of the visa-free regime, which has been in effect for Georgian citizens since 2017.


  • The Bank of Russia is considering the possibility of further rate increases. Alexey Zabotkin, Deputy Chairman of the Central Bank, reported on a scenario in which the Central Bank may raise the rate in June rather than reduce it. This scenario implies a further increase in labor market tensions, as well as continued or accelerated growth in consumer, investment and credit activity. Raising the rate is not the main plan, but the probability of this development should not be ruled out.


  • Ireland and Norway recognized the statehood of Palestine. In response, Israel is recalling the ambassadors to Norway and Ireland for consultations. The Israeli authorities believe that recognition of Palestine will lead to an increase in terrorism, instability in the region and jeopardize the prospects for peace. 


  • President Biden's rating has fallen to 36%, which is the lowest since June 2022. According to an Ipsos study, about 40% of respondents prefer Donald Trump's policies, believing that he understood the US economy better.


  • Anthony Blinken said Iran had «benefited» from the death of President Ibrahim Raisi. According to Biden's adviser, given «the horrific acts in which he was involved as a judge and president, the Iranian people are probably better off.» Blinken also noted that Washington does not consider it necessary to declare a minute of silence at the UN in memory of Raisi.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.