Olymp Trade

Let’s see what this week has prepared for traders!

Last Friday it became known that the Foreign Ministers of Russia and Iran meet today in Moscow. With a greater degree of probability, Tehran wants to get a guarantee of help from Moscow in case it faces the difficulties caused by the US withdrawal from the nuclear deal.

A traditional monthly report will be published today by the organization of oil exporters. The market is interested in changes in the balance, taking into account the increased activity of American slate companies. We believe that OPEC will remain optimistic, as soon as the value of black gold has increased by about 8.5% over the past 30 days.

Within 3 days from May 15 to May 17 the representatives of 130 American companies and lobbying communities will express their opinion on the introduction of customs duties on 1,300 types of goods imported from China.

On Wednesday the leaders of the European Union countries will gather to discuss the consequences of the US withdrawal from the Iran nuclear deal. The informal meeting is the preparatory event before the official summit in the capital of Bulgaria.

One of the first decisions of Donald Trump as President was the relocation of the US Embassy in Israel from Tel Aviv to Jerusalem. The Palestinian government reacted to Trump’s statement sharply, and riots began in the streets of Jerusalem. The official opening of the embassy takes place on Thursday. We believe that the Palestinians will not stand aside.

The meeting of the working group of the Australian Reserve Bank on the payment system of the country will take place on Friday. Such meetings can have an impact on the movement of the national currency.