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 30


July, 30 2024
watermark Economic news

  • Protests broke out in Venezuela over the re-election of Nicolas Maduro. In Caracas, thousands of opposition supporters took to the streets, unhappy that Maduro holds the presidency for the third time in a row. Many countries criticized the election results, which is why the Venezuelan Foreign Ministry recalled diplomats from a number of countries, including Argentina, the Dominican Republic and Panama. Moreover, the United States may impose new sanctions against Venezuela because of Maduro's victory.


  • The growing US budget deficit threatens national security. According to the report of the National Defense Strategy Commission, additional security costs and the possible mobilization of the economy in wartime conditions require the support of society and Congress.


  • The list of one hundred largest Russian companies by revenue includes 17 oil and gas, 13 financial and 12 mining companies. The largest total revenue, as expected, was shown by the oil and gas giants – 27 trillion rubles per year. The financial sector earned 13.2 trillion rubles. Retail trade surpassed metallurgists: 8 trillion against 7.1 trillion rubles.


  • Donald Trump has declared his readiness to participate in the debate with Kamala Harris, considering her an easier opponent than Joe Biden. In an interview with Fox News, he stressed that he was ready to meet with her in a debate in any format.


  • The sanctions are working: production at Novatek's key Arctic LNG 2 project has dropped to the lows of the year. According to recent data, Novatek processed 8 million cubic meters of gas at the plant in June, which is 2 times less than the May volume.

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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.