5 Mistakes Every New Forex Trader Makes
Overleveraging, ignoring the spread, trading the news without context — and how to avoid each one.
Vera explains market-moving events and economic context with clarity, restraint, and a learner-first perspective.
Hormuz oil exports reached about 6.5 million bpd as ship-to-ship transfers expanded, while Gulf-to-China VLCC freight exceeded $30 a barrel.
China's yuan reached 6.6957 per dollar, its strongest since January 2023, after the PBOC set a three-year-high midpoint.
Only 12 trackable commodity vessels crossed the Strait of Hormuz over the weekend, down from 35, as Gulf shipping disruption persisted.
The yen steadied near 156.64 per dollar after reported Japanese rate checks raised intervention risk following its 2% weekly decline.
Brent and WTI reversed lower as Saudi exports recovered above 4 million bpd through rerouted Gulf shipments despite pipeline disruption.
Europe faces a forecast 510,000-bpd Q4 jet-fuel deficit as ARA inventories hit a seven-year low and South Korean supply rises.
Saudi Arabia’s TASI fell 0.5% and Gulf markets weakened after Houthi attack attempts, while no oil-export disruption was reported.
Saudi Arabia said a Houthi missile targeting Riyadh was intercepted and attempted attacks on Yanbu and other locations were thwarted.
President Donald Trump warned that Iran must reach a deal, face continued economic deterioration or risk its leadership being destroyed, Reuters reported from remarks relayed by a Fox News reporter. Trump also said he was open to meeting Iranian President Masoud Pezeshkian during the United Nations General Assembly. The statements materially advance Iran’s earlier warning of sustained retaliation, but they combine escalation with a possible diplomatic opening. No meeting, new U.S. strike or Iranian concession had been confirmed at the review cutoff.
A Moscow refinery facility was confirmed damaged after a drone attack, but no unit-level impact, output loss or restart guidance was disclosed.
China kept its benchmark lending rates unchanged in September for a 16th consecutive month, Reuters reported. The one-year loan prime rate remained at 3.00%, while the five-year LPR, which influences mortgage pricing, stayed at 3.50%. The decision extends Beijing's prolonged pause in benchmark lending-rate adjustments as policymakers balance domestic growth support against banking-sector constraints and the external rate environment. The unchanged settings represent a fresh September monetary-policy decision rather than a new easing step.
Qatar has launched Doha Investment, a new Qatar Investment Authority division dedicated to domestic investments as the economy faces pressure from disrupted LNG exports through the Strait of Hormuz. Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said the unit will support companies, deepen capital markets and attract international capital and expertise. Commerce Minister Sheikh Faisal bin Thani Al Thani said it will initially oversee 45 state-owned enterprises representing roughly one-third of QIA's assets, while also supporting privatisation and greater private-sector participation.