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
China’s Exports Growth Exceeds Expectations
China’s exports grew more-than-expected in September despite the worsening trade dispute with the U.S., but the increase in imports slowed, reflecting softening domestic demand, figures from the Customs Administration revealed Friday. Exports grew 14.5…
Dollar Index Falls as Hopes for a Brexit Deal Rise
In the third quarter, the USD was among the best-performing currencies. As it rose, it left victims behind. Most of these victims were the emerging market currencies like the Indian Rupee, Indonesian Rupiah, Turkish Lira, and Argentina Peso….
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Singapore Tightens Monetary Policy
Singapore central bank tightened its monetary policy for the second time this year despite uncertainties surrounding US-China trade disputes. The Monetary Authority of Singapore, on Friday, decided to increase slightly the slope of the S$NEER policy ba…
European Economics Preview: Eurozone Industrial Output Data Due
Industrial production from euro area and final consumer prices from Germany are due on Friday, headlining a light day for the European economic news.
Cryptocurrency Daily Roundup – Oct. 11
Cryptocurrencies are a sea of red Thursday morning as they joined the global financial market sell-off. Major ones like Bitcoin and Ethereum are significantly lower and altcoins copied them. Market capitalization also eroded and just above $200 billion…
U.S. Consumer Prices Inch Up 0.1% In September, Less Than Expected
Consumer prices in the U.S. showed a slight uptick in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index inched up by 0.1 percent in September after rising by 0…
U.S. Weekly Jobless Claims Unexpectedly Show Modest Increase
A report released by the Labor Department on Thursday unexpectedly showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended October 6th. The report said initial jobless claims rose to 214,000.
Gold Rises Ahead of US Inflation Numbers
Gold has been an important metal for centuries. It has long been associated with value and prestige. Today, gold’s main use is for investments. In fact, most of the gold mined is usually bought by central banks like…
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During the 2016 election campaign, Donald Trump said the following:
“We have a Fed that’s doing political things. This Janet Yellen of the Fed. The Fed is doing political [sic] — by keeping the interest rates at this level. And believe me: The day Obama goes off, and…
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European Economics Preview: France Final CPI Data Due
Final consumer price data from France is due on Thursday, headlining a light day for the European economic news. At 2.45 am ET, France Insee publishes final consumer prices for September. The statistical office is set to confirm 2.2 percent annual infl…