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Tag: Forex News

Gold Slides to 4-Week Low as Stock Markets Settles Down

Gold has posted losses in the Wednesday session. In North American trade, the spot price for an ounce of gold is $1318.19, down 0.47% on the day. On the release front, there are no major US events on the schedule. It’s been a volatile week for stock markets across the world, and this has triggered […]

GBP/USD – Pound Under Pressure, BoE Rate Decision Next

The British pound is lower on Wednesday, as the currency has been under pressure for most of the week. In the North American session, GBP/USD is trading at 1.3883, down 0.48% on the day. On the release front, British Halifax HPI declined 0.6%, below the estimate of +0.2%. This marked the first decline since June. […]

Exciting Times as Volatility Returns

One of the major hallmarks of the Bull Run after the financial crisis was the lack of volatility. The implications of this lack of volatility has been dire. In the past few quarters, the trading revenues from big investment banks has fallen while others have been forced out. As shown in the chart below, the […]

US Secretary of State Warns about Russian Interference in Midterm Elections

Russia is already trying to meddle in this year’s midterm congressional elections, Secretary of State Rex Tillerson said. In an interview with Fox News, the former Exxon Mobil CEO casted doubt on whether the U.S. could prevent Russia from causing damage again. “I don’t know that I would say we are better prepared, because the […]

Trump Allies Pushing for a Deal with Muller

Some of President Donald Trump’s key allies are urging him to compromise with the special counsel in the Russia probe, according to a new report. The president’s legal team and close advisors are exploring ways to avoid an in-person interview with Robert Mueller without stonewalling the investigation outright, Politico reported Wednesday. The development comes after […]

UK Works Shift to Services Leads to Productivity Drop

The study from the Office for National Statistics (ONS) suggests that is not such much that we don’t have productive industries, it is just that more of us are working in the unproductive ones. Since the 2008 financial crisis, productivity has barely grown at all. The ONS study now provides part of the answer to […]

Wall Street Expected to Open Lower Wednesday

U.S. stock index futures were down about a third of a percent, setting Wall Street for a lower open on Wednesday, an almost 2 percent gain in the previous session failing to calm the nerves following the Dow’s biggest intraday fall on Monday. All three of Wall Street’s main indexes 1YMc1 ESc1 NQc1 were on […]

Dallas Fed Chief Says Higher Wages Does not Equal Faster Inflation

Higher wages in the United States will not necessarily lead to faster inflation, Dallas Fed President Robert Kaplan said in Frankfurt on Wednesday. His comments countered widespread market speculation that the briskest wage growth in almost nine years in the United States would drive up inflation, paving the ground for further policy tightening by the […]

German Leaders Reach Breakthrough in Coalition Talks

Political leaders in Germany have reached a breakthrough in talks to form a new coalition government, following months of uncertainty after elections in September failed to produce an overall majority for any party. German Chancellor Angela Merkel’s Christian alliance (the CDU-CSU) and the Social Democrats (SPD), led by Martin Schulz, have agreed on a deal […]

Weekly FX Market Update – 6 February 2018 (Video)

It’s been an extremely turbulent 24 hours in the financial market with the Dow recording its largest ever daily points drop as panic set in and traders tried to work out what was triggering such a strong sell-off. Markets have stabilized a little on Tuesday but there remains some concern among traders which continues to […]