Analytical Reviews

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

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The main events by the morning: July 18


July, 18 2024
watermark Economic news

  • LUKOIL's oil supplies to Hungary have been suspended due to tougher sanctions from Ukraine. However, countries are looking for a solution to the problem. According to Bloomberg, Hungarian energy company Mol Nyrt and LUKOIL are trying to find a way to circumvent Ukraine's restrictions, which last month effectively completely banned oil supplies to Hungary.


  • The Investigative Committee has opened a case against investors who earned more than 150 million rubles on fictitious transactions in order to buy back American shares at a discount. According to RBC, a group of investors manipulated the prices of foreign shares by deceiving a trading robot owned by the financial company W-Imperial Holding Corp. The company acted as a market maker under an agreement with broker Freedom Finance.


  • The head of the Israeli Defense Ministry announced the IDF's readiness to launch an offensive in Lebanon. According to the minister, Israel is approaching «a decision-making crossroads,» but everything depends on the actions of the Lebanese Hezbollah movement. «We are fighting a limited war in the northern region. We use a small part of the IDF forces, but everything can change in a second,» said Yoav Galant.


  • If Trump wins, the United States will not fight unnecessarily. This promise was made by Trump's vice presidential candidate, J.D. Vance. He also noted that a Trump presidency would mean the end of «freebies» for those allies who do not invest in common security and «betrayed the generosity of American taxpayers.»


  • According to the results of the first five months of 2024, Russia set a record for exports of aluminum wire to China. According to customs data, exports amounted to $4.5 million during this period.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.