Bankers: Sinking Syrian Pound Needs Central Bank’s Support
The Syrian pound is struggling amid a foreign currency crunch. Discover more about this economic dilemma in Syria and its implications here.
Forex News
Forex Trading in 2021 – What to Expect?
2020 has been a hard economic year. Few are the sectors which haven’t felt the aftermath of the pandemic – and in that sense, the online forex trading industry is…
Pressure Mounts on the Dollar due to Stimulus Prospects
Even though the US election is now closer and uncertainty is expected to rise near the event, the currency market had been mainly driven by US stimulus talks. Faced with…
US Dollar Jumps As Second-Wave Fears Emerge
The rhetoric around the first wave of coronavirus infections is not done yet and already cases are rising again in the United States. Florida, California, and Texas are just some…
Simple Guide to Trade and Profit in the Cryptocurrency World
Truth be told, cryptocurrencies, especially Bitcoin, are the hottest market right now. Bitcoin is, in fact, hotter than stock, oil, and even gold trading at this point. One of the…
The Forex Market in a Nutshell
The Forex market as we know it today had gone through some profound changes over the last centuries. The financial system as we know it today is still imperfect, but…
ECB Press Conference Eyed for Today
The forex trading activity around the euro pairs had been weak lately, most likely due to low liquidity ahead of some important events. Today we have the ECB Interest Rate…
UK Inflation Ticks Up Again
Following a drop last month the UK inflation is back on the upside, with today figures pointing to a new appreciation. Sterling surged following the release and forex trading activity…
Dow Jones Rallies Towards Last Month High
US equities alongside with forex trading activity around the US dollar had picked up in the recent days. The hurricane Irma had passed and the political tensions between the US…
North Korea Claims to Have Tested a Hydrogen Bomb
The tensions around the Korean peninsula are beginning to escalate again, as the latest headlines from North Korea point towards a successful test of a hydrogen bomb, several times more…
US GDP Preliminary Figure Advances in the Second Quarter
The Gross Domestic Product Annualized (Q2) managed to exceed expectations yesterday, showing that despite recent pessimistic comments from various analysts, the US economy continues to expand at a strong pace….
UK GDP Stays Flat in the Second Quarter
The United Kingdom economy begins to show signs of weakness as the latest GDP figures remained unchanged at 0.3% MoM and 1.7% YoY in the second quarter. Forex market activity…
Softening Growth Erodes the Canadian Dollar
The Canadian dollar tumble in the forex market, early in the week, and yields declined after the shift to a trade deficit in February, which supported Governor Poloz’s cautious view…
The ECB Delivers a Thoughtful Dovish Stimulus Package
Online trading of the currency markets experienced a surprise on Thursday as the ECB delivered a thoughtful decision that set the stage for tapering of bond purchases while delivering a…