Backtesting involves applying the rules of a trading strategy or algorithm to a historical dataset, which can span up to 10 years, for a specific asset.

Backwardation occurs in commodity futures markets when the spot price of a commodity surpasses its futures prices. This indicates that the price for immediate delivery is greater than the prices for delivery at future dates.

The Bahamian Dollar (BSD) serves as the official currency of The Bahamas, a nation made up of more than 700 islands situated in the Atlantic Ocean, southeast of Florida.

The Bahraini dinar (BHD) serves as the official currency of Bahrain, a small island nation situated in the Persian Gulf.

The Baker Hughes Rig Count is a frequently monitored report that tracks the number of active drilling rigs in the oil and gas sector. It acts as a gauge for the vitality of the energy industry, with variations in rig counts indicating changes in exploration and production activities. Founded in 1944 by Baker Hughes (now known as Baker Hughes, a GE company), the rig count has become a crucial measure of drilling activity in the United States, Canada, and global markets. By observing the number of active rigs, the report offers insights into industry trends, production levels, and the overall condition of the energy sector.

The balance of payments is a systematic record of all economic transactions between a country and the rest of the world over a specified period. It offers insights into a country’s international financial position, which is vital for understanding its economic health and development. Let’s delve into the components of the balance of payments, their importance, and how they can be utilized to assess a country’s economic performance and stability.