Forex News Shop Staff

We cover foreign exchange, currency and cryptocurrency news and guides. Our readers can find currency-specific foreign exchange news, political updates affecting currency and insight into where foreign exchange trends may go, as well as the latest cryptocurrency analyses and trends.

December 13, 2018
Canadian money on a black background

Canadian Dollar Saved after Positive November Jobs Outlook

CAD surges after sound November labour market data. Despite healthy Jobs and unemployment, wages continue to disappoint. Bank of Canada outlook softened due to the positive data report A brief relief for CAD after a dark few months Friday was a happy day for the Canadian Dollar after it strengthened rapidly after November’s labour market […]
December 11, 2018
blue background with euro bills and european union flag symbolizing euro zone

Eurozone Growth Troubles Euro Exchange Rates

The Euro is currently facing a growth derived headwind as many facets of the single currency economy appears to be faltering. This week brought the release of Eurozone services data and Purchase Managers numbers. Manufacturing had shown a significant slowdown and markets were placing bets on whether the slowdown had been stemmed or whether the […]
December 11, 2018
bullish crypto market prices

More Bleeding for the Crypto Market but Commentators Still VERY Bullish

The cryptocurrency market continued a sharp and intense sell-off as investors head straight to cash in their investments amid more volatility. Oil price decline, a pending bear market and the fallout from the bitcoin cash fork and are contributing to another 6% of major tokens this week. The total market capitalization of all cryptocurrencies — […]
December 10, 2018
brexit concept - Union Jack flag and iconic Big Ben in the backg

Pound Exchange Rates Tumble as Brexit Approaches Parliament Vote

Pound exchange rates have capitulated as the UK appears to be willing to turn down Theresa May’s deal and take another run at the EU or look to dethrone the troubled leader.  The PM requires the support of 320 MP’s on Tuesday evenings vote. Currently, the if estimates are accurate, it would appear that May […]
December 10, 2018
Canadian dollar (CAD) notes from 5 to 100

Need Canadian Dollars? Everything You Need to Know about What Will Affect the CAD Rate

7 currencies account for over 80% of the volume of the forex market, and the Canadian dollar (known as the “Loonie” because of the appearance of a loon on the back of the C$1 coin as slang) is one of these major currencies, and is the fifth-most held currency as a reserve. The Canadian dollar’s […]
December 7, 2018
USA and China trade war concept. Tade war caused by the 2018 US tariffs on steel and aluminium

Xi and Trump Agree 90-Day Trade Truce

US officials have announced that President Trump and Xi has agreed on a 90-day delay on further import duties on Chinese goods. Trump confirmed the dinner at the G20 summit had been productive claiming that the evening was “productive meeting with unlimited possibilities for both the United States and China”. The 90 days affords the […]
December 5, 2018
British Union Jack flag flying in front of the Bank of England i

Bank of England Deliver No-Deal Brexit Warning – GBP Falls

Mark Carney Governor of the BOE provided a wake-up call for the British public this week delivering his no deal economic predictions. The Bank’s predictions which covered UK growth, effects on employment, currency volatility and property prices, drove the pound lower. The Pound lost ground against both the Euro and Dollar. Whilst the Bank was […]
December 3, 2018
Credit card on tropical beach

Need to Make a Major Transfer of Money Abroad? These Factors Will Affect the Rate

If you are buying that house abroad – chalet in France maybe? Beach house in Spain possibly? Typically, currency exchange is left until last. By then, the rates have moved against you and that £200,000 pounds will only get you 280,000 euros, not 300,000 euros and soon enough the sale and with it, the dream […]
November 29, 2018
View of a Cyborg hand holding a Business stock exchange trading data information 3d rendering

Automated vs. Manual Trading – Why a Semi-Automated Robot Is the Superior Approach

Forex trading is often thought of as a way to achieve financial freedom but sadly many new traders find it an uphill struggle. Traders usually start by trying various strategies and manually entering trades themselves. However, many traders then get stressed entering positions or bored watching the trading screen for long hours. This can lead […]