Economy News


Oil Jumps on U.S. Leader Tweet, Jobless Claims Soar

Oil Jumps on U.S. Leader Tweet, Jobless Claims Soar

Rates as of 04:00 GMT Market Recap Oil gained after Trump released the following tweets: The price spiked temporarily – Brent immediately went shooting up $9.62 or 36% while WTI jumped $5.29 or 24% — but lost most of the gains just as quickly. 


April 2, 2020
Moody’s and S&P Slash Ratings at Fastest Pace in 10 Years
Moody’s and S&P Slash Ratings at Fastest Pace in 10 Years

S&P Global Ratings and Moody's Investors Service change downwards the ratings on about $1B of the company’s debt at the fastest pace...

JPY Up, Commodity Currencies Down in “Risk off” Market
JPY Up, Commodity Currencies Down in “Risk off” Market

Market Recap Yesterday morning I suggested that the end of Q1 and the portfolio rebalancing flows would give us a clearer view of what the...

April 1, 2020
JPY Up, AUD/NZD Lower in Vague “Risk off” Mood; ADP Report
JPY Up, AUD/NZD Lower in Vague “Risk off” Mood; ADP Report

Market Recap No need for an April Fool’s joke this year – it feels like my whole life is an April Fools’ joke, and later today...

Goldman Sachs Predicts a Far Deeper Q2 GDP Slump
Goldman Sachs Predicts a Far Deeper Q2 GDP Slump

Goldman Sachs suggests that the U.S. economic downturn in Q2 will be much larger than previously estimated, and unemployment rate will grow more...

March 31, 2020
Dollar Grows in Demand Due to Quarter End; Aussie Tumbles
Dollar Grows in Demand Due to Quarter End; Aussie Tumbles

The U.S. dollar strengthened against a range of currencies on Tuesday amid demand from Japanese companies due to the end of the fiscal year, while...

March 30, 2020
Gold Prices Manage to Rebound Despite U.S. Dollar Growth
Gold Prices Manage to Rebound Despite U.S. Dollar Growth

Gold was on track to start the week on negative territory on Monday, as stocks and the greenback tried cautiously to resume growth against the...

Germany Annual Inflation Slows to 1,4%; DAX 30 Recovers
Germany Annual Inflation Slows to 1,4%; DAX 30 Recovers

The DAX 30 index started session in red, but managed to recover and gained 0.43 percent slightly to trade higher 9,700 on Monday afternoon, after...

March 27, 2020
Gold Erases Gains, but Still on Way To Post Best Weekly Rise
Gold Erases Gains, but Still on Way To Post Best Weekly Rise

Gold price is pulling back on Friday after five days of growth, but remained on way for the largest weekly growth in more than 11 years amid demand...

LMC Expects Deeper Drop in Auto Sales Than in 2007-2008
LMC Expects Deeper Drop in Auto Sales Than in 2007-2008

As the infection pandemic unleashes great ambiguity and risk on the population and economy globally, leading provider of cars focused forecasting...

March 26, 2020
Bank of England Leaves Interest Rates at Record Lows
Bank of England Leaves Interest Rates at Record Lows

The Bank of England has held the key rate at an all-time low of 0.1 percent during its planned March meeting, promising also to increase again the...

March 25, 2020
Gold Price Pulls Back After Strongest Daily Rise on Eve
Gold Price Pulls Back After Strongest Daily Rise on Eve

Gold prices fell slightly on Wednesday, while markets were awaiting adoption of a $2 trillion economic support package by the U.S. Congress seen as...

March 24, 2020
South Africa Lockdown Pushes Palladium Towards 20-Years High
South Africa Lockdown Pushes Palladium Towards 20-Years High

The price of palladium soared by 12 percent on Tuesday, to a record pace since 2000, after quarantine was announced in South Africa, the largest...

Gold Extends Gains for Second Session in a Row
Gold Extends Gains for Second Session in a Row

Gold prices went up after the Fed’s unprecedented moves to support the U.S. economy from Covid-19 shock. Goldman Sachs Group analysts...

March 23, 2020
Turkish Currency Registers its Low Since September 2018
Turkish Currency Registers its Low Since September 2018

Turkey’s currency went down on Monday hitting its weakest level since September 2018 as a surge in coronavirus cases at home putting its...

March 20, 2020
Gold Gains Ground, Platinum Surges Due to Incentives
Gold Gains Ground, Platinum Surges Due to Incentives

The price of gold gains momentum, while platinum went up by almost 5 percent on Friday amid a sharp recovery of precious metals after the...

IIF Data: World's Leading Economies Already in Recession
IIF Data: World's Leading Economies Already in Recession

The situation in the world economy is deteriorating so quickly that even the most authoritative organizations have to review macro forecasts on...

March 19, 2020
Gold Wobbles Near $1,476, Virus Panic Outweighs Stimulus
Gold Wobbles Near $1,476, Virus Panic Outweighs Stimulus

Gold price continued its movement downwards on Thursday, being on track to betray its status of a safe haven, as global shares rout triggers forces...

German Economy May Shrink by 4-5% Due to Current Crisis
German Economy May Shrink by 4-5% Due to Current Crisis

The German economy may contract in 2020 due to the impact of a coronavirus outbreak, German research institutes Ifo and DIW, as well as analysts at...

RBA Lowers Cash Rate by 25 bps; Aussie Slumps
RBA Lowers Cash Rate by 25 bps; Aussie Slumps

The policymakers of Australia slashed on Thursday borrowing cost repeatedly this montр, announcing about its readiness to use offbeat policy...

March 18, 2020
Govts Offer Support as Air Carriers Tighten Flight Cuts
Govts Offer Support as Air Carriers Tighten Flight Cuts

Taiwan and  Australia followed other countries financial help to air carriers as infection and more tight travel restrictions forced companies...

March 17, 2020
Goldman expects China's GDP to decline by 9% in Q1
Goldman expects China's GDP to decline by 9% in Q1

Goldman Sachs analysts on Tuesday sharply worsened the forecast for China's GDP for Q1 of current year and now expect a reduction in the...

March 16, 2020
Precious Metals Plummet, With Platinum Touching Record Low
Precious Metals Plummet, With Platinum Touching Record Low

The precious metals prices slumped sharply on Monday, with platinum easing more than a 1/4 of its value, touching its record low last time seen 17...

March 12, 2020
Goldman Sachs Leaves Space for Optimism
Goldman Sachs Leaves Space for Optimism

Goldman Sachs is confident that the longest bullish period in U.S. stock markets history will soon end. Bank analysts warn of a likely market...

March 6, 2020
Canadian TSX Plunges, Trade Deficit in Country Widens
Canadian TSX Plunges, Trade Deficit in Country Widens

Canada’s equity benchmark dropped sharply at the open on Friday as investors continued to dump stocks amid concerns over the economic impact...

March 5, 2020
Gold Gains More Than 1% Amid Growing Fears Over Coronavirus
Gold Gains More Than 1% Amid Growing Fears Over Coronavirus

Gold prices gain more than 1 percent on Thursday on the back of stocks fragility and a decrease in government bond yields due to concerns over the...

Dropping Bond Yields and Virus Concerns Halt Dollar Rise
Dropping Bond Yields and Virus Concerns Halt Dollar Rise

The U.S. dollar turned to be under pressure on Thursday, as the low yield of U.S. government bonds and the prospect of further easing of monetary...

March 3, 2020
Euro Slides Against Buck, ECB Working on Lending Schemes
Euro Slides Against Buck, ECB Working on Lending Schemes

ECB is developing measures to maintain liquidity to companies heavily affected by the Covid-19 outbreak, according to three sources familiar with...

March 2, 2020
Euro Gains, Yen Slips to Greenback on Fed’s Rate Cut Hopes
Euro Gains, Yen Slips to Greenback on Fed’s Rate Cut Hopes

The euro grew against the dollar on Monday due to increased expectations of interest rate cuts by the Federal Reserve later in March to support the...

February 28, 2020
Yen Strengthens as Investors Shift Towards Safe Currencies
Yen Strengthens as Investors Shift Towards Safe Currencies

The Japanese currency rose on Friday to a 1-month top versus the U.S. dollar as investors turned to safe assets amid growing fears over the virus...

February 27, 2020
Gold Advances as Covid-19 Fuels Havens Demand
Gold Advances as Covid-19 Fuels Havens Demand

Gold rates gain on Thursday, as fears over the spread of COVID-19 outside of China continue to spook selling in global markets, increasing demand...

U.S. Dollar Loses Weight on Back of Intensified Worries
U.S. Dollar Loses Weight on Back of Intensified Worries

The greenback dropped against the yen on Thursday, after reconfirmed case of Covid-19 infection of unknown origin in the U.S., reinforcing anxiety...

February 26, 2020
Eurozone Markets Expect Decrease in ECB Rate in December
Eurozone Markets Expect Decrease in ECB Rate in December

Eurozone financial markets have begun to fully estimate in their forecasts a decrease in the interest rate by the European Central Bank in...

Dollar Under Pressure Amid Expectations of Fed's Rate Cut
Dollar Under Pressure Amid Expectations of Fed's Rate Cut

The dollar continued to be under pressure on Wednesday, as rising expectations of a rate cut and warnings by U.S. health officials about the...

February 25, 2020
Greenback Steady Versus Asian Currencies Amid Rate Cut Hope
Greenback Steady Versus Asian Currencies Amid Rate Cut Hope

The U.S. dollar was approximately unchanged on Tuesday amid a sharp increase in expectations that the growing effects of a coronavirus outbreak...

February 24, 2020
Strong U.S. Dollar Stifles UK’s Pound
Strong U.S. Dollar Stifles UK’s Pound

Market participants worries over the impact of coronavirus on the global economy are intensifying, and with them the investors' risk aversion....

Swiss Currency Reaches More Than 4-1/2 Year Peak vs Euro
Swiss Currency Reaches More Than 4-1/2 Year Peak vs Euro

The Swiss franc, considered right a safe-haven in times of turmoil touched its highest level in 4 ½ years versus the fighting euro on first...

Investors Fish Dollars as Virus Spread Expands Globally
Investors Fish Dollars as Virus Spread Expands Globally

Asian currencies went down on Monday as the speedy Covid-19 spread outside China awakened worries over a pandemic and pushed investors towards safe...

February 21, 2020
Gold at 7-Year Maximum Due to Concerns Over Disease Hit
Gold at 7-Year Maximum Due to Concerns Over Disease Hit

The price of gold continues its strong rally of this week on the back of ongoing concerns over the virus developments. The rates managed to hit on...

February 20, 2020
Gold Touches 7-Year High After Virus Outbreak in S.Korea
Gold Touches 7-Year High After Virus Outbreak in S.Korea

The price of gold grew on Thursday managing to touch its highest level over seven years amid growing demand for safe-havens due to the news of...

Yen Touches 10-Month Low, as Dollar Continues its Rally
Yen Touches 10-Month Low, as Dollar Continues its Rally

The Japanese currency dropped against the dollar, reaching a 10-month low on Thursday, extending its previous session’s slump to register its...

Dollar Jumps on Concerns Over COVID-19 Jitters
Dollar Jumps on Concerns Over COVID-19 Jitters

The U.S. dollar grew against Asian major peers on Thursday, as a sharp decline in the Japan’s yen called into question its safe-harbor status...

February 19, 2020
Yen at 9-Month Low as Risk Appetite Boosted
Yen at 9-Month Low as Risk Appetite Boosted

The Japanese yen was the greatest mover within the G10 currency bunch on Wednesday, reaching a 9-month low as a lull in the number of new detected...


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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