FOREX news

The Australian dollar dropped sharply on Friday after the European Central Bank (ECB) sent shockwaves through markets by finally acknowledging the dangers of high inflation. The euro surged to a two-month high of A$1.6038 after the ECB voiced &ldq...

Turkey’s finance ministry announced in a meeting with economists that it expects inflation to reach highs of 40% during 2022. The country’s inflation rate touched 36.1% in December 2021 and is not expected to go below that level at any...

Currency analysts are predicting a tough 2022 for Argentina, Latin America’s third largest economy. The Argentinian Peso is currently trading at 103.29 Pesos to the US Dollar, but is expected to tumble in the coming months, hitting a rate of ar...

The US Dollar showed strong gains in Tuesday’s trading on expectations the Fed would raise interest rates in the first quarter of 2022 to counter high inflation. The Dollar index, which measures the greenback against six peer currencies, was...

The US Dollar flagged to a one-week low against other major currencies as investors shifted toward a more positive outlook for the global economy. Fueled by news that Omicron will not be as serious as previous variants, risk appetite has improved,...

Key currencies continued to trade cautiously as markets tried to figure out how the Omicron COVID variant would affect monetary policy.  The Australian dollar was steady at $0.7171, having made gains this week as investors looked towards risk...

The ongoing worldwide shortage of computer chips is slowing the supply of everything from new coffee machines to electric cars. Driven by COVID-related supply chain issues in Asia, computer chips are in short supply. This has heavily impacted the...

Investors breathed a sigh of relief after news emerged that the Omicron variant is not as dangerous as first feared.  The US Dollar climbed to 113.89 against the Japanese Yen after Monday's two week low of 112.97. The Dollar Index, which...

Global stocks fell on Friday on the back of fears that a new infectious strain of COVID-19 could cause renewed restrictions. The Dow faced its worst trading day in a year, with global oil prices also taking a hit. The emergence of a new COVID-19 v...

High inflation in the US shows no sign of slowing, especially in the short term. The US Fed understands this, as confirmed in notes released this week from its most recent meeting. Fed officials are bracing for elevated levels of inflation to rema...

The US is on the verge of selling crude oil to the OPEC market from its emergency stockpile as part of a plan to slow soaring energy prices. Known as an oil “swap,” the US Strategic Petroleum Reserve (SPR) will release an unconfirmed q...

There is apprehension in global markets as a combination of factors place strain on key world economies.  Countries the world over are facing a cost-of-living squeeze amid surging gas prices and supply bottlenecks. In China, persistent high i...

With trading sessions for the week starting November 8 now into their second day, here are the top five things to watch in markets.   US September-Quarter  Earnings Season Expect to see reports from a number of blue-ch...