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.

October 22, 2018
Bitcoin Trader Concept. Trading Bitcoin Cryptocurrency Conceptual Finance Illustration.

Mid-October Cryptocurrencies Market News

Argentina, Venezuela And Egypt reach record P2P bitcoin trading volumes To complement what has been very successful for India, the struggling economies of Argentina, Venezuela and Egypt have also registered a huge spike in the P2P cryptocurrency trading, albeit for different reasons. According to the report, Peer-to-peer (P2P) trading platform LocalBitcoins hit record-breaking Bitcoin trading […]
October 19, 2018
Computer screen showing a list of prices and market caps of several cryptocurrencies. Camera pointed to the left. Dark gray background version.

5 Reasons Why Cryptocurrency Plunged This Week

This was a hard week for investors whether in equities or cryptocurrencies. The total cryptocurrency market lost $18 billion of its value in a matter of hours. Bitcoin, the world’s largest and most widely owned digital asset began its slide Wednesday evening and fell below $6,200 for the first time in a month, according to […]
October 18, 2018
Closeup of Italy on a map and Euro coins

Draghi Confirms ECB Plans Are on Course despite Italy and Growth Fears

While issues and certainties surround the future of global trade and Italy’s deficit target remains a real point of contention the ECB confirmed it is on track with its monetary policy. In the latest ECB policy meeting minutes, Draghi confirmed that the Central back would wrap up its €2.6 trillion Euro bond-buying program this year. […]
October 17, 2018
Display of Stock market quotes

8 Reasons Why the Global Financial Markets Fell

Stocks across the globe had their worst day in 8 months on Wednesday, with tech shares worst hit, coupled with higher interest rates, spooking all types of investors. We’ve summarised why the markets took a battering this week. Interest rates It’s no secret the Federal Reserve is raising interest rates. What that means is it’s […]
October 16, 2018
Economic trade war between USA and China, freight transportation concept, cargo containers with USA and China flags hoisted by crane hooks on blue cloudy sky background

Chinese Export Markets Undeterred by Tariffs

China’s exports increased to a record $46.7 Billion despite the very possible chance of further tariffs being added to Chinese imports. The increase represents an increase of roughly 13% year on year and increases the trade surplus to $34.1 billion. The trade activity has defied some experts who anticipated a sharp decline in exports from […]
October 15, 2018
North American Free Trade Agreement or Nafta and 2026 football world cup organizing countries concept with close up on the flags of Mexico, USA and Canada

Who Was the Real Winner from the ‘New NAFTA’ Deal?

After 14 months of negotiations, personal attacks and twitter rants it would appear that the US, Canada and Mexico are going to approve a ‘new NAFTA’ deal renamed the USMCA deal. Although every nation appears to have made concessions we take a look a key parts of the deal and what they might offer each […]
October 11, 2018
US unemployment graphic

US Non-Farms Report Weakest This Year – but Unemployment Rate Lowest since Late 60’s

This month’s Non-farm payroll numbers fell well short of market forecast showing just 134,000 additional jobs roles added to the US economy last month. Markets had anticipated a number closer to 185,000 and equated to the lowest monthly job growth of 2018. Despite this, other elements of the US job market continued to prove more […]
October 9, 2018
Sign at a stop junction in Ireland saying "Hard Border Ahead"

Potential Border Concession Boosts GBP Exchange Rates

GB Pound exchanges wrestled away from near month-long lows this week following hopes that a potential solution on the Irish could materialise. The solution which has received support from the Irish government could provide a resolution to one of the most challenging parts of the UK’s Brexit negotiations. The rumours have increased market confidence that […]
October 8, 2018
Ripple coin symbol on mobile app screen. Ripple price grows or falls. New digital money.

Two Reasons for Ripple’s Bipolar Activity and Surge to No.2

Some have and still call Ripple (XRP) a scam. Using XRP as a PR and marketing stunt to finance the other division, Ripple Labs. However, after this month’s revelation’s, many are excited by ripple’s practical use case, which has seen it now proven to work with many of the world’s biggest banks and financial service […]