The last decades were for the most part of commodities a very unstable one, with large swings from shortage periods to intense oversupply intervals. Oil was no exception, so in the last thirty years we have seen it all.

Back in the mid 1980s, OPEC and all the rest of the oil producing countries agreed to set lower production quotas to balance the oil price. Most OPEC members failed to respect the agreement, causing disputes between them and the non OPEC oil producing countries.

The foreign exchange market is referred as the largest financial markets worldwide. Due to the huge trading volumes, continuous activity and geographical dispersion, Forex is considered as the market closest to the ideal of perfect competition. The Forex average daily turnover is estimated at around $4 trillion, making it most liquid financial market in the world.

Major Forex traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. In the last few years the online Forex trading gain a lot of power due to the increasingly number of traders that use online trading platforms like Etoro and Ava FX. The Forex is now more accessible and anyone can give it a try.

Currently Europe is dealing with the worst crisis since unification and United Kingdom is still having troubles, so US dollar seems to be the best choice these days. The Greek crisis was just the beginning of the most difficult period in the European Union history.

Trying to help Greece to overcome its financial issues, European Union has destabilized the common currency, the euro. Recently euro reached the lowest level in the last 4 years, the exchange rate going down to 1.236 USD per one EUR. The establishment of an international fund to help Eurozone members prevented de euro to go further down, but problems are far away from being solved.