The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world
“Fat Finger” Trade in Gold?
Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a “fat finger,” or erroneous order. Trade shot up to 1.8 million ounces of gold in just a minute, a level not reached even with the surprise […]
CAC Gains as Italy Cleans House with Bank Bailouts
The CAC index has started the week with strong gains. In the Monday session, the index has gained 0.94% and is currently trading at 5313.30 points. It’s a quiet start to the week, with no eurozone or French numbers on the schedule. ECB President Mario Draghi will speak at the ECB Forum on Central Banking in Portugal. […]
JD Power Says US Auto Sales Likely to Fall in June
U.S. auto sales in June likely fell 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn, industry consultants J.D. Power and LMC Automotive said on Monday. LMC also cut its full-year 2017 forecast for new vehicle sales for the third consecutive month, […]
German Ifo Business Confidence At Record High
German business confidence strengthened to a record high in June, breaking last month’s record, as companies were more satisfied with their current situation amid improved outlook. The business confidence index rose unexpectedly to 115.1 in June from 1…
Monday 26-06-2017 Outlook
Welcome to the easyMarkets weekly outlook starting this Monday 26 May. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Event: US Durable Goods Order (May) Date: Monday 26…
The post Monday 26-06-2017 Outlook appeared first on Forex.Info.
Brexit negotiations officially begin
Officials last week gathered at the European Commission headquarters in Brussels for the start of Brexit negotiations, which will soon set the terms of the UK’s divorce from the European Union. Brexit talks will focus on trade, legal,…
The post Brexit negotiations officially begin appeared first on Forex.Info.
Bullet Report Fundamental Analysis
Dollar Falls as Rate Expectations Fall Today in our fundamental analysis: today is a very quiet one in terms of data releases. It has been a calm session in global financial markets this morning. Asian stock markets have…
The post Bullet Report Fundamental Analysis appeared first on Forex.Info.
European Economics Preview: Germany Ifo Business Confidence Data Due
Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.
UK Growth To Remain Anaemic: BCC
The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global…
U.S. New Home Sales Rebound Amid Strength In West And South
New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.