Biden: Had a good series of meetings and Saudi Arabia

• Had a good series of meetings and Saudi Arabia
• opening airspace is a big deal
• we have accomplished has some significant business with Saudi’s
• hopes it will lead to a broader normalization of relations
• hopes opening of airspace 2 flights to and from Israel will lead to a broader normalization and relations
• agreed to work to deepen and extend the Yemen cease-fire
• discussed Saudi defensive needs
• Saudi will partner with US on clean energy initiative
• had good discussion on ensuring global energy security and adequate oil supplies
• I’m doing all I can to increase oil supply for the United States
• the race murder of journalists Khashoggi in meeting made my view crystal-clear
• we discuss human rights and the need for political reform
• have finalize the agreement to connect Iraq’s electric grid to the GCC grid through Kuwait and Saudi Arabia
• we are not going to leave a vacuum in the Middle East for Russia or China to fill
• Crown Prince said he was not personally responsible for Khashoggi’s murder
• gas prices have been coming down every single day
• we’ll see more declines when gas stations start to lower their price consistently
• I’ll use every power I have is present to fulfill pledge on global warming

Meanwhile a Saudi Arabia and official said:

• they are corroborating with OPEC+ to ensure enough supply of oil
• If they see evidence of oil scarcity, they will produce more

/ Inflation 
Inflation

Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is measured by the level of the total money supply of a specific currency, for example the US dollar, which is constantly increasing. However, an increase in the money supply does not necessarily mean that there is inflation. What leads to inflation is a faster increase in the money supply in relation to the wealth produced (measured with GDP). As such, this generates pressure of demand on a supply that does not increase at the same rate. The consumer price index then increases, generating inflation.How Does Inflation Affect Forex?The level of inflation has a direct impact on the exchange rate between two currencies on several levels.This includes purchasing power parity, which attempts to compare different purchasing powers of each country according to the general price level. In doing so, this makes it possible to determine the country with the most expensive cost of living.The currency with the higher inflation rate consequently loses value and depreciates, while the currency with the lower inflation rate appreciates on the forex market.Interest rates are also impacted. Inflation rates that are too high push interest rates up, which has the effect of depreciating the currency on foreign exchange. Conversely, inflation that is too low (or deflation) pushes interest rates down, which has the effect of appreciating the currency on the forex market.

Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is measured by the level of the total money supply of a specific currency, for example the US dollar, which is constantly increasing. However, an increase in the money supply does not necessarily mean that there is inflation. What leads to inflation is a faster increase in the money supply in relation to the wealth produced (measured with GDP). As such, this generates pressure of demand on a supply that does not increase at the same rate. The consumer price index then increases, generating inflation.How Does Inflation Affect Forex?The level of inflation has a direct impact on the exchange rate between two currencies on several levels.This includes purchasing power parity, which attempts to compare different purchasing powers of each country according to the general price level. In doing so, this makes it possible to determine the country with the most expensive cost of living.The currency with the higher inflation rate consequently loses value and depreciates, while the currency with the lower inflation rate appreciates on the forex market.Interest rates are also impacted. Inflation rates that are too high push interest rates up, which has the effect of depreciating the currency on foreign exchange. Conversely, inflation that is too low (or deflation) pushes interest rates down, which has the effect of appreciating the currency on the forex market.
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