Economy News


U.S. Current Account Deficit Surges 52.9% in Second Quarter

U.S. Current Account Deficit Surges 52.9% in Second Quarter

The U.S. current account deficit soared to its highest level in nearly 12 years in the second quarter as the COVID-19 pandemic weighed on the exports of goods and services.


September 18, 2020
$65 Billion Cash Mystery Puzzles Britain's Audit Office
$65 Billion Cash Mystery Puzzles Britain's Audit Office

As cash declines in day-to-day transactions, Britain’s National Audit Office has uncovered a mystery: the number of pound notes in...

U.K. Refuses to Rule Out New Lockdown as Covid Surges Again
U.K. Refuses to Rule Out New Lockdown as Covid Surges Again

Health Secretary Matt Hancock declined to rule out a second national lockdown and said the acceleration of coronavirus cases and hospital...

UK Retail Sales Rise Further Above Pre-COVID Levels
UK Retail Sales Rise Further Above Pre-COVID Levels

British shoppers continued to increase spending last month, taking sales further above pre-COVID levels, as strong online demand helped much of the...

September 17, 2020
U.S. Labour Market Recovery Stalling
U.S. Labour Market Recovery Stalling

The number of Americans filing new claims for unemployment benefits fell less than expected last week and applications for the prior period were...

U.S. Debt Will Easily Surpass $30Tn by Middle of Decade
U.S. Debt Will Easily Surpass $30Tn by Middle of Decade

The U.S. government is awash in debt and red ink — and neither President Donald Trump or his Democratic challenger appear bothered by the...

Germany Pushes up 2021 Debt Plans to Around 100B Euros
Germany Pushes up 2021 Debt Plans to Around 100B Euros

German Finance Minister Olaf Scholz plans to take on net new debt of around 100 billion euros ($117.92 billion) next year to sustain Berlin’s...

European Car Sales Tumble in August
European Car Sales Tumble in August

Shares of European auto makers pitched lower on Thursday after data revealed a sharp fall in car sales for the region during August.

Europe on High Alert as Coronavirus Cases Rise
Europe on High Alert as Coronavirus Cases Rise

There are growing concerns in Europe at what is being seen as an alarming rise in coronavirus cases, with the number of new daily infections...

September 16, 2020
U.S. Homebuilder Confidence Hits Record High in September
U.S. Homebuilder Confidence Hits Record High in September

U.S. single-family homebuilder confidence increased to a record high in September as historically low mortgage rates continue to boost the housing...

Irish C.Bank Calls for Path to More Sustainable Deficit
Irish C.Bank Calls for Path to More Sustainable Deficit

Ireland’s 2021 budget should focus on supporting the productive capacity of the economy and building economic resilience, but a course to...

Canada's Annual Inflation Remained at 0.1% in August
Canada's Annual Inflation Remained at 0.1% in August

Canada’s annual inflation rate remained at 0.1% in August as rising food prices were offset by declining gasoline costs, Statistics Canada...

U.S. Consumer Spending Appears to Slow in August
U.S. Consumer Spending Appears to Slow in August

U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans, offering more evidence that...

Bakkt Bitcoin Futures Smashes Daily Volume Record by 36%
Bakkt Bitcoin Futures Smashes Daily Volume Record by 36%

Despite the milestone, Bakkt’s future volumes pale in comparison to those of top crypto exchanges Binance and Huobi. Bakkt, a regulated...

Fed Expected to Raise Economic Forecasts
Fed Expected to Raise Economic Forecasts

The Federal Reserve is expected to wrap up its latest policy meeting on Wednesday with somewhat rosier economic forecasts but a renewed pledge to...

September 15, 2020
U.S. Import Prices Beat Expectations as Inflation Warms Up
U.S. Import Prices Beat Expectations as Inflation Warms Up

U.S. import prices increased more than expected in August and gains in the prior month were revised sharply higher, supporting the view that...

Strong Chinese Data Caused Yuan to Rally, Supported Markets
Strong Chinese Data Caused Yuan to Rally, Supported Markets

The Chinese data once again helped to boost buying on the financial markets, noting that the economy is roaring ahead after the coronavirus crisis....

U.K.: Data is Unlikely to Show True Extent of Job Losses
U.K.: Data is Unlikely to Show True Extent of Job Losses

The headline unemployment rate for May to July stood at 4.1%, up from the 3.9% figure seen in the previous three month period, which covered the...

UK Jobless Rate Rises for First Time Since COVID-19 Lockdown
UK Jobless Rate Rises for First Time Since COVID-19 Lockdown

Britain’s unemployment rate rose for the first time since the coronavirus lockdown began in March, official data showed on Tuesday.

Chinese Firms Bet on Plant-Based Meat
Chinese Firms Bet on Plant-Based Meat

A small but growing coterie of Chinese companies are betting on a bright future for plant-based meat products as consumers take their health more...

September 14, 2020
Brexit Risk Premium Returns to UK Markets
Brexit Risk Premium Returns to UK Markets

The latest bout of sabre-rattling between Britain and the EU is upping the premium investors demand for holding UK assets for fear of a chaotic...

Germany Won’t Abandon Massive Gas Pipeline with Russia Yet
Germany Won’t Abandon Massive Gas Pipeline with Russia Yet

Germany has come under increasing pressure to pull the plug on its controversial giant gas pipeline project with Russia, following the suspected...

Bulls Buy Back Drawdown; FX Dynamic Supports Optimism
Bulls Buy Back Drawdown; FX Dynamic Supports Optimism

Global markets are experiencing some relief at the beginning of a new week. Pressure on the US indices has stopped approaching the 50-day average,...

Sovereigns Raid Rainy Day Funds for $100B on COVID-19 Storm
Sovereigns Raid Rainy Day Funds for $100B on COVID-19 Storm

Countries coping with the coronavirus crisis and a slump in commodities prices are dipping into sovereign wealth funds for more than $100 billion,...

German Recovery to Continue in 2nd-Half, Q3 to Show Growth
German Recovery to Continue in 2nd-Half, Q3 to Show Growth

Europe’s largest economy is set to continue recovering from the coronavirus crisis in the remainder of 2020 and will likely grow strongly in...

September 11, 2020
China Approves Trial of ‘Nasal Spray Vaccine’ for COVID-19
China Approves Trial of ‘Nasal Spray Vaccine’ for COVID-19

China approves trial of new ‘nasal spray vaccine’ for COVID-19. In a major move, China’s National Medical Products Administration...

UK economy grew 6.6% in July
UK economy grew 6.6% in July

The U.K. economy grew 6.6% in July on a monthly basis, according to initial estimates published Friday, as the economy seeks to recover from the...

September 10, 2020
S.Korea Draws Extra $6.6B Budget to Help Small Businesses
S.Korea Draws Extra $6.6B Budget to Help Small Businesses

South Korea is preparing the fourth supplementary budget of this year of around $6.6 billion to aid struggling small businesses facing mass...

September 9, 2020
Little Stimulus, Tight Debt Targets in Mexico's Budget
Little Stimulus, Tight Debt Targets in Mexico's Budget

Mexico’s government plans to keep a lid on spending while offering some support for hospitals, pensioners and infrastructure in a lean 2021...

September 8, 2020
Indian Economy Projected to Contract 11.8% y/y, Fitch
Indian Economy Projected to Contract 11.8% y/y, Fitch

India’s economy is projected to contract 11.8% on the year in the current fiscal year beginning from April, before bouncing back in the next...

September 7, 2020
European Stocks Gain as Tech Wobbles Weigh on U.S.
European Stocks Gain as Tech Wobbles Weigh on U.S.

The Europe Stoxx 600 rose Monday with broad gains across industry groups. Oil slumped on a price reduction by Saudi Arabia. The dollar strengthened...

UK House Prices See Biggest Jump Since 2016
UK House Prices See Biggest Jump Since 2016

U.K. house prices saw their biggest growth since 2016 in August, climbing to a record high, according to Britain’s longest-running barometer...

September 4, 2020
Gold Heads Lower for Third Straight Session
Gold Heads Lower for Third Straight Session

Gold futures headed lower on Friday for a third straight session, on track to log a weekly loss of around 2%, as better-than-expected monthly U.S....

U.S. Likely Added 1.2 Million Jobs in August
U.S. Likely Added 1.2 Million Jobs in August

The U.S. economy’s long journey back to recovery appears to have taken another step forward in August as more people returned to work, but...

September 3, 2020
U.S. Service Sector Activity Slows in August - ISM Survey
U.S. Service Sector Activity Slows in August - ISM Survey

U.S. services industry growth slowed in August, likely as the boost from the reopening of businesses and fiscal stimulus faded.

Euro Zone Economic Recovery Loses Momentum in August: PMI
Euro Zone Economic Recovery Loses Momentum in August: PMI

The euro zone’s rebound from its deepest downturn on record faltered in August as growth in the bloc’s dominant service industry almost...

September 2, 2020
U.S. Private Payrolls Increase Modestly in August: ADP
U.S. Private Payrolls Increase Modestly in August: ADP

U.S. private payrolls increased less than expected in August, suggesting that the labor market recovery was slowing as the COVID-19 pandemic drags...

Deflation Alarm May jar ECB Into Keeping Pace With Fed
Deflation Alarm May jar ECB Into Keeping Pace With Fed

With deflation alarms ringing again at the European Central Bank, August’s price shock piles pressure on it to ape the Federal...

Decentralized Exchange Volume Rose 160% in August
Decentralized Exchange Volume Rose 160% in August

Aggregate trading volume on decentralized exchanges reached $11.6 billion in August, up from $4.5 billion in July as the intense enthusiasm for...

245 Million China’s Baby Boomers are Set to Retire
245 Million China’s Baby Boomers are Set to Retire

China’s baby boomers are set to retire in the coming years, and they’re spending in different ways compared to the current retirees,...

UK House Prices Surge to New High, Nationwide Says
UK House Prices Surge to New High, Nationwide Says

British house prices leapt to hit an all-time high in August, mortgage lender Nationwide said on Wednesday, adding to signs of a sharp rebound in...

September 1, 2020
Germany Sees Economy Recovering Faster Than Expected in 2020
Germany Sees Economy Recovering Faster Than Expected in 2020

Germany expects the economic devastation caused by the COVID-19 pandemic to be less severe this year than originally feared, but sluggish foreign...

Future Where U.S. Isn’t Center of Global Demand
Future Where U.S. Isn’t Center of Global Demand

China will likely become the world’s largest economy in a few years and it is preparing itself for major shifts in international trade. In a...


The economy as a key factor in currency and stock trading

The economy is one of the key factors in the degree of the influence on the currency market. Such economic indicators as gross domestic product, consumer indices, indices of industrial production, inflation and the labor market are very important for the traders in the analysis and the construction of their trading strategies.

Follow the news of the world economy for successful trading

Understanding of the formation of economic indicators provides an opportunity for participants in the Forex market to conduct a more efficient trade. Publications of economic news have a direct impact on the exchange rate and on the income of traders, that is why everything that happens in the world economy must be carefully taken into account by traders in their trading plans.

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