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
Swiss Franc Drops After Dovish SNB Shows No Signs of Tightening
On Tuesday, the Swiss Federal Government’s Expert Group released its economic forecast for the year. In the statement, the officials said that they expect the economy to grow by 2.4%, which was in line with the previous projections….
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Kiwi Falls as New Zealand Economy Slows
The NZD/USD pair dropped to the lowest level this year after New Zealand released weak economic data. Yesterday, the country reported a widening trade imbalance after imports soared while exports declined. In the last quarter, the seasonally adjusted…
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European Economics Preview: Bank Of England Rate Decision Due
Interest rate announcements from the Bank of England and Swiss National Bank are due on Thursday, headlining a busy day for the European economic news. At 2.45 am ET, France’s statistical office Insee publishes manufacturing sentiment survey data. The …
New Zealand GDP Gains 0.5% On Quarter, +2.7% On Year In Q1
New Zealand’s gross domestic product expanded 0.5 percent on quarter in the first three months of 2018, Statistics New Zealand said on Thursday.
U.S. Existing Home Sales Unexpectedly Drop 0.4% In May
Existing home sales in the U.S. unexpectedly decreased in the month of May, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 0.4 percent to an annual rate of 5.43 million in May.
Cryptocurrency Daily Roundup – Jun. 20
Cryptocurrencies are deep in red Wednesday morning after market sentiment was hurt by the news that the South Korean crypto exchange Bithumb announced that over $30 million worth of coins were stolen in a hacking incident. Overall cryptocurrency market…
Potential Scenarios in the Ongoing Trade Conflict
This week, the talk among market participants has been about trade and the ongoing trade conflict between the United States and China. The two are the biggest economies in the world with their combining GDP being almost $30…
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Goldman Sachs CEO Blankfein: Bitcoin ‘Is Not For Me’, But May Succeed
Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Club of New York,…
Philippine Central Bank Hikes Key Rates
The Philippine central bank on Wednesday raised its benchmark interest rate for the second straight month as inflation remains above the target. The Monetary Board of the Bangko Sentral ng Pilipinas, led by Governor Nestor Espenilla, raised the key int…
Europe’s First Blockchain Accelerator For Startups Opens In Paris
France has launched Europe’s first blockchain accelerator, Chain Accelerator, with a view to supporting new international blockchain startups. It is based in Paris’ Station F, the largest startup campus in the world. The move is expected to make Paris …