WIKIFX REPORT: No Respite in Oil Prices As EU Sanctions on Russia Tighten
Abstract：The European Commission, the executive arm of the EU, had decided to put forward new sanctions against the Kremlin, which will include a six-month phase out of Russian crude imports.
The European Commission, the executive arm of the EU, had decided to put forward new sanctions against the Kremlin, which will include a six-month phase out of Russian crude imports. This sanctions has caused so many economic changes including the rise in Oil prices continue to soar as. The European Commission addressed that some of its members are highly dependent on Russian oil, but remained unabated on their proposal.
Russias unprovoked invasion of Ukraine, and evidence of war crimes, has pushed the European Union to take bolder steps on energy sanctions. But imposing measures that could reduce, or fully cut, Russian energy supplies to the EU has been a complicated task for the bloc.
This is because the region is reliant on Russia for several sources of energy, including oilThe 27-member block must unanimously agree for the sanction to push through, and the majority seems to support it. All imports including refined products, both from seaborne and pipeline routes would be banned under the proposal.
Next shocker in the market this month is the drawdown of crude oil reserves in the United States, pushing oil prices through the roof. Worse is that this is anticipated to continue through October. Therefore Oil prices appear to be on track to advance higher in the foreseeable future, as the daily charts show a sustained ascending trendline.
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Rupee Ends 13 Paise Up at 95.15 After RBI Holds Repo at 5.25%: The Effect of a Weak USD, Cooler Oil
The Indian rupee settled at 95.15 against the US dollar on 5 August 2026, gaining 13 paise after the Reserve Bank of India's Monetary Policy Committee voted 6-0 to keep the repo rate unchanged at 5.25 percent for the third time in a row in FY27. The rupee had opened 46 paise higher, rallied to an intraday strongest of 94.89 ahead of the policy decision, and then drifted back as RBI Governor Sanjay Malhotra noted that the currency 'has not appreciated as intended despite the high flows from foreign shores.' A weak dollar index, a sharp pullback in Brent crude from above USD 100 in July, and net FII equity inflows of Rs 2,447 crore on Tuesday combined to support the rupee. USD-INR is expected to trade in a 94.80-95.50 band in the near term.
Errante Review 2026: Users Claim a Poor Trading Experience. What Does Our Investigation Reveal?
Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.
Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.
Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate
A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.
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