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.

April 23, 2019
Petroleum, petrodollar and crude oil concept : Pump jack and a black barrel on US USD dollar notes, depicts the money received or earned from sales after investment in the development of oil industry.

CAD and NOK up as Reports State the US Will Removes Tariff Waivers for Importers of Iranian Oil

The Canadian Dollar and Norwegian Krone were both boosted yesterday as the Washington Post broke a story that the US will announce the removal of tariff waivers for those who continue to import Iranian oil. It’s anticipated that the Secretary of state Mike Pompeo will shortly announce US sanctions to nations that continue to import […]
April 15, 2019
New Zealand Currency - Fifty Dollar Bill

Busy Week of Data Announcements Could Be Turning Point for New Zealand Dollar against Sterling

It’s not a surprise that the Pound has been one of the worst currencies globally the last 12 months but the New Zealand Dollar isn’t far off within the G10. The UK has had a host of its own macro and political influences affecting the value but for New Zealand, inflation data will likely dictate […]
April 12, 2019
cryptocurrency mining concept with golden bitcoin litecoin and Ethereum golden coins next to a computer performant video card black background

3 Reasons for the Unexpected Surge in Cryptocurrencies This Week

Technical changes to crypto mining The world’s most popular cryptocurrency, Bitcoin (BTC) rallied 15% in a delay in an unexpected spike in value this week taking it to the highest value since November 2018. It surged $1,000 to break through the $5,000 barrier. Since a series of shocks dumps, Bitcoin hasn’t seen $5,000 for months […]
April 10, 2019
Glass Japanese yen signs background

Japanese Yen Takes a Hammering during Asian Trading but Pound Falls Further

Traders and investors across the world from Asia to Wall St taken out short positions on Japan’s currency for six straight weeks due to further signals that economic growth is slowing. This fuels the rumours that the central bank will maintain its record monetary stimulus. However, global risk sentiment has eased as the U.S. and […]
April 9, 2019
Salaries on Business Folder in Multicolor Card Index. Closeup View. Blurred Image.

Managing Your Company’s International Payroll Effectively

As the size of your international workforce incrementally grows the time needed to process overseas salaries will follow suit. Ensuring salary payments are made consistently in multiple locations can be challenging, especially when facilitated through a retail bank, many of which will have very little interest in providing tailored or appropriate solutions to medium sized […]
April 2, 2019
highway board, options HARD or SOFT BREXIT

Pound Gains against Both Euro and the Dollar as UK Government Looks to Move for a Softer Brexit

Ahead of Monday’s House of Commons indicative votes, Sterling posted gradual and steady gains against many major currencies as investors tried to do the impossible and predict the likely outcome of the tonight’ critical Brexit votes. As of writing the Pound to Euro exchange rate is +0.56% higher at €1.166 today and Pound to US […]
April 1, 2019
Turkish Lira with Turkish Flag

Turkish Lira Plunges Heavily Days before Controversial Weekend Political Elections

The Turkish lira plunged even further against the US dollar ($) after investors were spooked by a currency crackdown by President Recep Tayyip Erdogan ahead of elections this Sunday. The currency suffered its second sharp slide in a week after the Turkish authorities depleted its foreign reserves to head off another crisis and stopped its […]
March 28, 2019
Switch with Brexit and England flag and inscription no Deal and EU

The Impact of No-Deal Brexit on the Pound

As it did when the results of the 2016 referendum, the impact of a no-deal Brexit would be visible immediately across financial markets and more slowly in the wider economy. There would be three big things to watch with regard to markets: government-bond yields, share prices and crucially the value of the currency. Brexit uncertainty […]