Forex News

Up-to-the-minute foreign exchange news and economic data from global markets. These are the breaking financial and trading updates across the globe with live forex news.

January 4, 2019
Global economy, world financial markets concept. Abstract busine

Are December’s Weak US Consumer Confidence Figures the Start of a Global Economic Cooling?

Whilst most of Europe were recovering from overindulgence over the Christmas period the US was dealing with a different type of hangover. December the 27th marked the release of the US Conference Board consumer confidence figures which didn’t make for comfortable reading. The previous day had seen US stock markets rally at record levels, with […]
December 27, 2018
Santa Claus rally

What Is a Santa Claus Rally? It Doesn’t Matter Because It’s Probably Not Happening

A Santa Claus rally is a history financial trend that explains increases in the stock market that occur in the last week of December through to the first two trading days in January. Since 1969 the Santa Claus rally has yielded a positive return in 34 of the past 44 holiday seasons with the average cumulative […]
December 24, 2018
The Bank of England in Threadneedle Street London

BOE Warns Again on Effects of a No Deal Outcome and Keeps Rates on Hold

Sterling slipped in Thursday’s Bank of England statement, this was despite better than anticipated retail sales and risk-averse investors taking a wider berth on the US Dollar following the very real possibility of a US government shutdown. Much of Sterling depreciation was due to the warning that Carney voiced against the increasing likelihood that the […]
December 24, 2018
Map of italy and Euro money

Euro Currency Rates Lift Momentarily as EU and Italy Agree Budget

The single currency enjoyed a brief lift on Thursday as Italy and the European Union agreed on a budget truce. The Italian government finally agreed to lower its deficit target for 2019 after months of wrangling with the union. The agreed Italian budget deficit After a fair amount of digging heels in and backbiting, the […]
December 18, 2018
pound sterling bank notes

Pound/Dollar in the Spotlight This Week like Never before – and Here’s Why

Last week in summary Another start to the week and pound pushed up touching $1.26 and remained in and around that level due to a lack of influential data from either side of the pond. The Pound to US Dollar exchange rates were met by volatility last week as political turmoil in the UK spooked […]
December 18, 2018
Bull market, Financial and business concept

Bull Markets No More? When Will Financial Markets and Sterling Bottom Out?

Any form of media outlet in the UK when writing about financial markets, currency or growth outlook is predicting post-Brexit, the UK will fall into the abyss. This has created a sentiment of uncertainty and panic. As a result, there are likely to be some “short” opportunities for the FTSE index, along with sterling too. […]
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 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 […]