Forex News

EU economy for the year 2018 – a record for the last 10 years

Trade war with the USA, the distrust of the partner countries, the skeptics do not interfere with the expectations of the EU’s economy to grow. With indicators rolled over limit point every year. This threatens the worldwide changes in both economic peace and financial terms. Read more in the article.

What Factors Can Influence the Stock Market?

In this article, we will highlight features of economic relationships at the stock market as well as factors impacting the stock market. Features of Economic Relationships at Stock Market The stock market is one of the system elements of the finance market. Like other market types, it denotes the interaction of entities of economic affairs …

What Forex Pairs Are The Best For Beginner Traders?

In this article, we will find out which currency pair is more profitable to trade for a Forex newbie. Imagine you decided to study medicine, and you need to choose a specialty. You can’t be a dentist, a gynecologist, and a vascular surgeon at once. You should opt for one specialty among hundreds of options …

GBP/USD pares a part of early slump, rebounds to 1.2800 handle

   •  The latest UK political developments prompt some aggressive selling.    •  Dismal UK monthly retail sales data did little to ease the bearish pressure. The GBP/USD pair remained heavily offered through the mid-European session and plunged to two-week lows in the last hour, albeit now seems to have found decent support near mid-1.2700s. …

GBP/USD rally stalls along with UK economic growth

The GBP/USD was down for a second day this morning, giving back some of its recent gains made on the back of hopes over an imminent breakthrough in Brexit talks between the UK and EU over the issue of Northern Ireland. In part, the cable’s retreat is due to this morning’s weaker-than-expected UK economic data. …

EUR/JPY resumes slide as stocks fail to sustain post-midterms rally

With US stocks struggling to hold onto their post-midterm elections gains, the risk-sensitive EUR/JPY currency pair has potentially resumed its long-term bearish trend after staging a counter-trend rally that lasted for several days until Wednesday. The euro has also been struggling due to ongoing concerns over Brexit and Italy, and soft Eurozone data. If risk …

USD/CAD Bulls in Control as Oil Rout Continues

The number of the day (and indeed the last two weeks) is 10. As in, the price of a barrel of WTI crude oil is declining for the 10th straight day, the longest streak since 1984. As my colleague Fawad Razaqzada noted earlier this week, the combination of slower growth in demand for oil and …

Crude oil: OPEC+ pledge to cut supply enough to boost prices?

The big 20% drop in oil prices in just over a month – triggered due to the sudden realisation by investors that the crude oil market had been excessively oversupplied – had clearly worried the OPEC+, whose representatives met in Abu Dhabi over the weekend. The cartel’s de facto leader, Saudi Arabia, announced a 500,000 …

GBP/USD: Brexit Whiplash Continues

Just as we hit “publish” on last week’s GBP/USD update, traders’ tone toward the pair started to sour. The proximate catalyst for the reversal was a disappointing GDP report, but more broadly, the continued uncertainty surrounding a satisfying Brexit agreement is weighing on sterling bulls. Today’s updates on the Brexit front have been…mixed. EU negotiator …

1 2 3 4 5