– G7: Group of Seven
Release Date: Undefined
The G7 Prime Ministers and Presidents meet annually to address global challenges such as economic issues, health crises, and the climate crisis. Previous G7 summits have addressed issues ranging from debt relief for developing countries to health crises such as HIV and AIDS, as well as global security threats.
How this might affect the currency markets, and impact your trades
The G7 summit is significant since the heads of government attending are the leaders of some of the world’s wealthiest and most influential nations. Decisions made at these meetings have an effect on people all over the world, and therefore have an effect on currencies all over the world as well.
– G20: Group of Twenty
– LIDCs: Low-Income and Developing Countries
Release Date: Undefined
The G20 is a group of finance ministers and central bank governors from 19 of the world’s largest economies, including several developed countries, as well as the European Union. The G20 was established in 1999 with the mission of promoting global economic development, international trade, and financial market regulation.
How this might affect the currency markets, and impact your trades
The G20 plays a critical role in fostering a climate conducive to sustainable economic growth and development. Its work on ensuring financial stability, fostering development, and preventing and managing crises is critical in assisting LIDCs in seizing opportunities and overcoming challenges. This meeting will give a good indication to traders about the global economy and its future growth
Release Date: Annually
Since 1978, the Federal Reserve Bank of Kansas City has sponsored the Jackson Hole Economic Symposium, which has been held in Jackson Hole, Wyoming, since 1981. Every year, the symposium focuses on a critical economic problem confronting the world’s economies. Participants include influential central bankers and finance ministers from around the world, as well as academic luminaries and leading financial market players.
Market participants closely observe the symposium proceedings because unexpected comments from the symposium’s heavyweights have the potential to impact global stock and currency markets.
How this might affect the currency markets, and impact your trades
The symposium is closely followed by financial market participants all over the world, and it has gotten more publicity in the last decade, owing to what has happened in the past. Some of the most important monetary policies were first unveiled at the gathering, but they were not officially announced. Any unexpected comment from any individual during the event has the potential to impact global financial markets.
– OPEC: The Organization of Petroleum Exporting Countries
– JMMC: Joint Ministerial Monitoring Committee
Release Date: Monthly, otherwise undefined
These meetings can have a major impact on the price of Oil and all co-related currencies such as USD/CAD and the Norwegian Krone (NOK).
Representatives from 11 oil-rich nations and 13 OPEC members attend this meeting to discuss different issues related to oil production and any major issues concerning the energy markets. These are closed-door meetings, and a statement is generally released toward the end of the meeting to the press.
How this might affect the currency markets, and impact your trades
This meeting could have a substantial impact on Crude Oil and its correlating currency pairs such as the USD/CAD. Be sure to stay aware of any OPEC-JMMC Meetings if you are trading Crude Oil or the USD/CAD
– OPEC: The Organisation of Petroleum Exporting Countries
Release Date: Twice per year
OPEC Meetings are typically held in Vienna and representatives from 15 of the world’s most oil-rich nations are usually in attendance. At the meeting a range of topics are discussed surrounding the energy markets, and an agreement is also made surrounding how much oil the nations will produce.
While the meeting is closed to the press, it’s not unusual for attendees to have talks with the press and reporters throughout the day. Once the meeting is concluded, a formal statement which covers any policy shifts or objectives from the meeting is released.
How this might affect the currency markets, and impact your trades
40% of the world’s oil supply is made up from nations of the OPEC. These nations are unified in their production levels of oil and due to their size, have a lot of control over the supply of oil around the globe. This means that any shifts in their production levels can have a major knock-on effect to oil prices and related currency pairs.
– OPEC: The Organisation of Petroleum Exporting Countries
Release Date: Twice per year
OPEC Meetings are typically held in Vienna and representatives from 15 of the world’s most oil-rich nations are usually in attendance. At the meeting a range of topics are discussed surrounding the energy markets, and an agreement is also made surrounding how much oil the nations will produce.
While the meeting is closed to the press, it’s not unusual for attendees to have talks with the press and reporters throughout the day. Once the meeting is concluded, a formal statement which covers any policy shifts or objectives from the meeting is released.
How this might affect the currency markets, and impact your trades
40% of the world’s oil supply is made up from nations of the OPEC. These nations are unified in their production levels of oil and due to their size, have a lot of control over the supply of oil around the globe. This means that any shifts in their production levels can have a major knock-on effect to oil prices and related currency pairs.
– OPEC: The Organisation of Petroleum Exporting Countries
Release Date: Twice per year
OPEC Meetings are typically held in Vienna and representatives from 15 of the world’s most oil-rich nations are usually in attendance. At the meeting a range of topics are discussed surrounding the energy markets, and an agreement is also made surrounding how much oil the nations will produce.
While the meeting is closed to the press, it’s not unusual for attendees to have talks with the press and reporters throughout the day. Once the meeting is concluded, a formal statement which covers any policy shifts or objectives from the meeting is released.
How this might affect the currency markets, and impact your trades
40% of the world’s oil supply is made up from nations of the OPEC. These nations are unified in their production levels of oil and due to their size, have a lot of control over the supply of oil around the globe. This means that any shifts in their production levels can have a major knock-on effect to oil prices and related currency pairs.
– OPEC: The Organisation of Petroleum Exporting Countries
Release Date: Twice per year
OPEC Meetings are typically held in Vienna and representatives from 15 of the world’s most oil-rich nations are usually in attendance. At the meeting a range of topics are discussed surrounding the energy markets, and an agreement is also made surrounding how much oil the nations will produce.
While the meeting is closed to the press, it’s not unusual for attendees to have talks with the press and reporters throughout the day. Once the meeting is concluded, a formal statement which covers any policy shifts or objectives from the meeting is released.
How this might affect the currency markets, and impact your trades
40% of the world’s oil supply is made up from nations of the OPEC. These nations are unified in their production levels of oil and due to their size, have a lot of control over the supply of oil around the globe. This means that any shifts in their production levels can have a major knock-on effect to oil prices and related currency pairs.
– OPEC: The Organisation of Petroleum Exporting Countries
Release Date: Twice per year
OPEC Meetings are typically held in Vienna and representatives from 15 of the world’s most oil-rich nations are usually in attendance. At the meeting a range of topics are discussed surrounding the energy markets, and an agreement is also made surrounding how much oil the nations will produce.
While the meeting is closed to the press, it’s not unusual for attendees to have talks with the press and reporters throughout the day. Once the meeting is concluded, a formal statement which covers any policy shifts or objectives from the meeting is released.
How this might affect the currency markets, and impact your trades
40% of the world’s oil supply is made up from nations of the OPEC. These nations are unified in their production levels of oil and due to their size, have a lot of control over the supply of oil around the globe. This means that any shifts in their production levels can have a major knock-on effect to oil prices and related currency pairs.