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New FxRebate partner broker: JFD!

by editor on 2020-06-16 18:03:24 | 0 comments

Today a new broker starting his collaboration with FxRebate: JFD. Check JFD advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: Proton Capital Markets!

by editor on 2020-05-02 20:19:10 | 0 comments

Today a new broker starting his collaboration with FxRebate: Proton Capital Markets. Check Proton Capital Markets advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: Blue Suisse!

by editor on 2020-04-30 14:04:52 | 0 comments

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Fed says it will do everything it can to support economy facing public-health crisis

by editor on 2020-04-29 19:35:23 | 0 comments

The Federal Reserve on Wednesday committed itself to use its full range of tools to help the U.S. economy which is facing considerable risks from the coronavirus pandemic. “The ongoing public health crisis will weigh heavily on economic activity, employment and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” the Fed said in a statement after two-day meeting. Click here:Follow live blog of Fed Chairman Powell’s press conference The Fed kept its benchmark interest rate in a range from 0 to 0...

U.S. oil price drops nearly 25% to finish below $13 a barrel

by editor on 2020-04-27 19:28:55 | 0 comments

U.S. oil futures posted a loss of almost 25% on Monday as reignited concerns about a scarcity of places to put an overflow of crude sent the June contract to its second-lowest settlement on record. Liquidity in the nearby West Texas Intermediate crude futures market also remains a problem with the United States Oil Fund LP USO, -14.59% “rolling into deferred contracts following the disaster” with the May WTI contract, which expired last week at a negative price, said Marshall Steeves, energy markets analyst at IHS Markit...

New FxRebate partner broker: Solidary Markets FX!

by editor on 2020-04-25 05:28:11 | 0 comments

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New FxRebate partner broker: TIOmarkets!

by editor on 2020-04-22 17:21:36 | 0 comments

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The next 45 days are the ‘most critical period in U.S. financial history,’ says stock-market expert who profited in 1987 and 2008 crises

by editor on 2020-04-16 18:19:29 | 0 comments

After recovering a chunk of the losses racked up during the worst of the coronavirus-induced selloff last month, the stock market finds itself at a crucial inflection point, writes Alan B. Lancz. “The next 45 days may just become the most critical period in U.S. financial history,” he wrote in a newsletter published Wednesday. “While on average we may face a bear market every 10 years, this one is like no other,” he said. The contrarian money manager, who is a disciple of famed investor Sir John Templeton, said that the timing and execution of the reawakening of the U...

IMF isn’t convinced the global economy can shake the ‘Great Lockdown’ by 2021

by editor on 2020-04-15 18:12:25 | 0 comments

The International Monetary Fund on Tuesday forecast that the global economy would recover partially next year from the “Great Lockdown” of 2020, but the economists at the international financial institution didn’t sound entirely convinced. “Much worse growth outcomes are possible and maybe even likely,” said Gita Gopinath, the IMF’s top economist, with the Tuesday release. The new forecast sees the global economy contracting at a 3% annual rate this year followed by a 5...

New FxRebate partner broker: Scope Markets!

by editor on 2020-04-14 04:28:02 | 0 comments

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New FxRebate partner broker: Exante!

by editor on 2020-04-09 17:29:38 | 0 comments

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U.K. consumer confidence plummets amid lockdown

by editor on 2020-04-08 18:21:41 | 0 comments

U.K. consumer confidence plummeted in the last two weeks of March in the biggest drop ever recorded as the nation entered a state of lockdown in an attempt to slow the rapid spread of the coronavirus. An index of consumer confidence gathered by market research firm GfK fell by 25 points to minus 34. It was the index's lowest reading since February 2009 and the biggest single drop in the index's history, which stretches back as far as 1974. Consumer sentiment nosedived as Britons feared a sharp decline in their financial situation and the economy...

Investors should prepare for a coronavirus-induced ‘vicious spiral’ more than twice as bad as the financial crisis, says J.P. Morgan

by editor on 2020-04-06 18:53:22 | 0 comments

There is a widespread view on Wall Street that the stock market hit its lowest level of the bear market last month, and that a combination of an ebbing of the coronavirus in late spring and unprecedented fiscal and monetary stimulus will set the stage for a sharp rebound in corporate profits later this year. On Monday, the Dow Jones Industrial Average DJIA, 5.892%, the S&P 500 index SPX, 5.651% and the Nasdaq Composite Index COMP, 5.701% were each rallying more than 4% on these hopes...

Fed's Daly: Ugly jobs data will improve if we fight the pandemic effectively

by editor on 2020-04-04 11:33:41 | 0 comments

The drop in employment and the rise in jobless claims are big numbers but Americans should focus on fighting the virus effectively and then the data will improve, said San Francisco Fed President Mary Daly, in an interview on CNN on Friday. "History tells us that if we fight a global pandemic with the social distancing actions we've taken - the sheltering-in-place - then those economies that do that get through that faster," Daly said. "Those numbers don't stay big if we do these things well," she added...

Brace for the ‘deepest recession on record,’ says BofA analysts, as jobless claims surge to 6.6 million

by editor on 2020-04-02 18:17:07 | 0 comments

There are no parallels for the pandemic fueled slowdown that the U.S. economy is currently contending with, and that is forcing economists like those of Bank of America Global Research to forecast a decidedly grimmer outlook for the American economy than they offered just two weeks ago. The BofA researchers on Thursday said the coming recession “appears to be deeper and more prolonged than we were led to believe just 14 days ago when we last updated our forecasts, not just in the US but globally as well...

Oil begins April on down note as U.S. supplies climb a 10th week in a row

by editor on 2020-04-01 19:38:32 | 0 comments

Oil futures finished Wednesday with a modest loss, weighed down at the start of the month by U.S. crude supplies which were up for a 10th straight week. Traders also contended with the destruction of oil demand by the COVID-19 pandemic and a price war between Saudi Arabia and Russia that promises to flood the world with unneeded crude. The market is seeing “the amount of oil that is now being produced as threatened and promised by Saudi Arabia,” said Tariq Zahir, managing member at Tyche Capital Advisors...

Two. Trillion. Dollars? Here’s where all that coronavirus stimulus is going

by editor on 2020-03-30 18:10:55 | 0 comments

About 17 Jeff Bezoses. Two Alphabets GOOG, 2.078% . A couple Apples AAPL, 1.861% . Four hundred Dallas Cowboys franchises. A thousand Wembley Stadiums. Yes, it’s hard to wrap your brain around how much money $2 trillion really is. That’s where cost-estimating website HowMuch.net comes in. President Trump last week signed a $2 trillion bill to boost the economy during the coronavirus shutdown. The headline number for many was the $1,200 check that will give a lifeline for a big chunk of the population...

New FxRebate partner broker: EverFX!

by editor on 2020-03-28 12:45:41 | 0 comments

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New FxRebate partner broker: Global Prime!

by editor on 2020-03-27 13:42:20 | 0 comments

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Gold prices end higher as U.S. jobless claims jump to a record

by editor on 2020-03-26 19:30:05 | 0 comments

Gold prices ended higher Thursday, finding support as the U.S. dollar weakened, after a jump in U.S. jobless claims to a weekly record, with the data providing a grim insight into the impact of the coronavirus outbreak in the world’s largest economy. “Gold will resume its role as a favored safe-haven as traders begin to try to model how bad the global economy will get and knowing that governments and central banks are doing everything they can,” said Edward Moya, senior market analyst at Oanda...

Oil gives up earlier losses to finish higher as gasoline futures rally

by editor on 2020-03-25 19:33:43 | 0 comments

Oil futures gave up earlier losses Wednesday to finish higher, getting a boost as gasoline futures rallied by more than 20% on the back of a drop in weekly production. Oil prices found support as U.S. benchmark stock indexes climbed amid hope for a coronavirus rescue package. Meanwhile, U.S. gasoline production fell to 8.96 million barrels per day for the week ended May 20, from 9.97 million barrels a day a week earlier, according to the Energy Information Administration. Traders have been concerned that the COVID-19 shutdowns have led to less travel, and less demand for fuel, and the fall in gasoline production helped ease those worries...

G7 pledges to do 'whatever is necessary' to restore growth in response to coronavirus

by editor on 2020-03-24 15:11:11 | 0 comments

Finance ministers and central bankers from the Group of Seven countries on Tuesday issued a joint statement pledging to do "whatever is necessary to restore confidence and economic growth and to protect jobs, businesses, and the resilience of the financial system." The statement comes as the COVID-19 pandemic threatens to cause a global recession and follows wide-ranging monetary stimulus efforts by major central banks, including the U.S. Federal Reserve, and as governments prepare large fiscal rescue packages...

Gold scores biggest daily dollar gain on record

by editor on 2020-03-23 19:25:30 | 0 comments

Gold futures rallied on Monday to post the largest daily dollar gain on record, with bullion up a third straight session after the Federal Reserve unveiled a major stimulus package that includes unlimited purchases of Treasurys and mortgage-backed securities. Gold had initially gained ground as global stocks traded lower on continued worries over the tremendous economic hit expected from the global COVID-10 pandemic. Gold moved even higher as U.S. benchmark stock indexes dropped in the wake of the Fed move...

Existing-home sales skyrocketed 6.5% in February — but that could soon change because of the coronavirus

by editor on 2020-03-20 18:11:41 | 0 comments

The numbers: Sales of previously-owned homes jumped 6.5% in February, though the coronavirus outbreak could put the break on sales growth in coming months. Existing-home sales occurred at a seasonally-adjusted annual pace of 5.77 million, the National Association of Realtors reported Friday. It was the strongest sales figure for the month of February since 2007. The pace of all home sales — including existing and new homes — was 7.2% higher than a year earlier. The inventory of homes for sale remained tight, which likely limited sales somewhat...

U.S. jobless claims surge 70,000 to 281,000 in mid-March as coronavirus triggers layoffs

by editor on 2020-03-19 18:21:33 | 0 comments

The numbers: The number of Americans who applied for unemployment benefits surged by 70,000 in mid-March to a 2- 1/2-year high as the coronavirus shut down large sections of the economy. And the worst is still yet to come with the crisis triggering waves of layoffs. Initial jobless claims climbed to a seasonally adjusted 281,000 from 211,000 in the seven days ended March 14, the government said Thursday. That’s one of the biggest one-week increases ever and puts jobless claims at the highest level since September 2017...

U.S. businesses need a $2 trillion bailout fund to avoid a possible ‘global depression,’ says Guggenheim’s Minerd

by editor on 2020-03-18 04:39:25 | 0 comments

The economic pain caused by the continuing coronavirus epidemic could be even worse than the Great Financial Crisis. That’s according to Scott Minerd, global chief investment officer at Guggenheim Investments, who estimated in a Tuesday research note that the Chinese economy is contracting at a 15% annual rate, while the European economy “is probably in a fairly severe recession.” “If the United States is not already in a recession, it will enter one shortly,” Minerd wrote...

Gold settles at lowest since December; silver markets lowest settlement in over a decade

by editor on 2020-03-16 18:33:51 | 0 comments

Gold futures fell Monday to settle at their lowest since December, and silver futures finished at their worst level in over a decade, as the Federal Reserve’s emergency decision to slash interest rates failed to stem losses in the stock market, sending traders scrambling for cash. Prices for the precious metals, however, managed to significantly cut their losses by the settlement, as short covering kicked in. Gold had dropped more than 4% to hit the day’s low, and silver dropped by as much as 19%...

Dire forecast: U.S. economy could tank 4% in the second quarter as nation shuts down to fight coronavirus

by editor on 2020-03-12 19:30:05 | 0 comments

The U.S. economy could contract by a whopping 4% in the second quarter in light of the European travel ban, the suspension of professional sports, a shutdown of the Broadway theater district in New York and the like to combat the coronavirus epidemic. That’s the most recent guesswork by Capital Economics. The advisory firm’s dire forecast is based on a rash of major closures involving schools, workplaces, sports leagues and venerated cultural institutions. “As a result, we now expect GDP to fall by 4% annualized in the second quarter and to stagnate in the third,” wrote Andrew Hunter, senior U...

The Bank of England Cuts Rates by 50bps and Delivers GBP100bn in SME Loans

by editor on 2020-03-11 17:09:26 | 0 comments

The Bank of England delivered an emergency rate cut this morning, slashing interest rates by 50bps to 0.25%. Joining its G7 peers, which includes the Bank of Canada, the FED and the RBA, the rate cut was delivered out of the BoE’S monetary policy calendar. In a bid to deliver support to the flagging UK economy and counter the impact of the coronavirus outbreak, the Bank of England also delivered a string of other measures. The BoE’s move came ahead of the Chancellor and Boris Johnson’s first budget...

The EUR and the Yen See Demand Surge as Risk Aversion Sweeps Across the Global Financial Markets

by editor on 2020-03-10 21:04:02 | 0 comments

Earlier in the Day: It was a relatively busy day on the Asian economic calendar this morning. The Japanese Yen was in action and for more reason than just the stats Outside of the numbers, demand for riskier assets hit new heights as the markets responded to news updates on the coronavirus. Economic data out of China from the weekend set the tone going into the Asian session. China’s trade surplus was wiped out in February, with a 17.2% slide in exports leaving China with a Dollar trade deficit of $7...

Oil settles nearly 25% lower, for biggest one-day drop since 1991, on price-war fears

by editor on 2020-03-09 18:56:31 | 0 comments

Oil futures on Monday suffered their biggest one-day plunge since the Gulf War in January 1991, slumping to a four-year low as Russia and Saudi Arabia geared up for a global price war that threatens to flood the world with crude at the same time demand is under pressure due to the global spread of COVID-19. West Texas Intermediate crude for April delivery CLJ20, -26.017% on the New York Mercantile Exchange fell $10.15, or 24.6%, to end at $31.13 a barrel. Source: www.marketwatch....

New FxRebate partner broker: LMFX!

by editor on 2020-03-05 18:34:02 | 0 comments

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Gold ends lower as global stocks climb, but falling bond yields underpin the metal

by editor on 2020-03-04 20:42:19 | 0 comments

Gold futures ended lower on Wednesday, pressured as global equities rallied, dulling their haven appeal. U.S. government bond yields, however, remained mostly under pressure in the wake of an emergency interest rate cut a day earlier by the Federal Reserve, limiting losses for the precious metal. Global equity markets tracked higher so it is “not surprising” to see gold trading back from its early high, analysts at Zaner Metals wrote in a daily note. “Certainly the sharp bounce in equities is a slight negative for gold…but keep in mind gold recently has been behaving like a physical commodity in need of assurance that physical demand won’t be cut sharply by the virus...

Fed cuts interest rates by half percentage point in rare inter-meeting move

by editor on 2020-03-03 18:03:32 | 0 comments

The Federal Reserve, in a rare inter-meeting move, on Tuesday cut its benchmark interest rate to counter the threat to the economy from the coronavirus epidemic. In a statement, the Fed said it cut its fed funds target rate by a half percentage point to a range of 1%-1.25%. “The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity,” the statement said. At a press conference later, Fed Chairman Jerome Powell said officials saw the virus spreading and this represented a material change in the outlook for economic growth...

Oil rebounds sharply as traders pin hopes on OPEC cuts this week

by editor on 2020-03-02 18:37:04 | 0 comments

Oil futures rebounded on Monday, boosted by growing optimism that the Organization of the Petroleum Exporting Countries and its allies will announce additional production cuts later this week, and on hopes global central banks are ready to support economies amid the coronavirus outbreak. That’s on the heels of the biggest weekly loss in over a decade for West Texas Intermediate crude driven by investor fears the spread of COVID-19 would significantly hurt crude demand. “Signs of monetary and fiscal stimulus as well as possible further production cuts from OPEC+ later in the week are driving a rebound in oil prices,” analysts at ICICI Bank, in a daily note...

New FxRebate partner broker: TitanFX!

by editor on 2020-02-27 18:13:15 | 0 comments

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Markets bet Fed is pushed to cut rates in coronavirus response

by editor on 2020-02-25 18:56:56 | 0 comments

(Reuters) - Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus, although one official cautioned against expecting the central bank to over-react to short-term market moves. U.S. interest rate futures surged to their highest levels since last fall as evidence the virus was spreading further outside its original epicenter of China spurred a global sell-off in stocks and panicked buying of government bonds...

Fed Officials Saw Policy Appropriate 'For A Time' Amid Risks

by editor on 2020-02-25 08:56:32 | 0 comments

Federal Reserve officials viewed their current monetary policy as appropriate "for a time" while they remained on guard against domestic and global risks that could slow the longest U.S. expansion on record, according to Fed minutes released Wednesday in Washington. The Fed minutes showed a broad discussion as officials considered inflation ranges as a tool to achieve their 2% target, how to adapt policy to combat financial-stability risks, and how they would wind down ongoing repurchase agreement and Treasury-bill purchases...

New FxRebate partner broker: TradeMax!

by editor on 2020-02-13 18:55:10 | 0 comments

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New FxRebate partner broker: One Royal!

by editor on 2020-02-13 17:27:56 | 0 comments

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Powell says Fed will aggressively use QE to fight next recession

by editor on 2020-02-12 17:30:31 | 0 comments

Federal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates, a strategy that has been dubbed quantitative easing, or QE. In testimony before the Senate Banking Committee, Powell said the Fed had two recession-fighting tools; buying government bonds, known as QE, and communicating clearly with markets about interest-rate policy, routinely considered as “forward guidance...

Data show unusual trading activity in the pound before Bank of England announcements in January, December

by editor on 2020-02-10 18:51:57 | 0 comments

A sharp move in the British pound last month in the minutes ahead of a crucial central-bank decision wasn’t a unique occurrence, according to data reviewed by The Wall Street Journal. The U.K.’s Financial Conduct Authority has said it is looking into unusual trading that occurred before a Bank of England policy meeting on Jan. 30. Yet trading-volume data show there was also unusually high activity in the pound the previous month, compared with other announcements dating back to early 2017...

Currencies will bear brunt of coronavirus blow in emerging markets, warn macro investors

by editor on 2020-02-06 18:38:11 | 0 comments

Analysts worry that currencies will shoulder the worst of the damage from any global growth shocks triggered by the coronavirus outbreak. Emerging market economies are more vulnerable to a virus-driven slowdown than developed markets like the U.S., analysts said, mainly because developing countries are often dependent on China’s insatiable consumption to maintain their own rapid growth rates. Moreover, should China’s economic engine sputter in the first-quarter, the spillover of weaker growth to neighboring countries and commodity exporters could force central banks in emerging markets to lower their interest rates and depreciate their currencies...

Economic Optimism Took Off — Just As Coronavirus Hit: IBD/TIPP

by editor on 2020-02-04 16:43:37 | 0 comments

Optimism over the U.S. economy surged to a 16-year high in late January, the latest IBD/TIPP Poll found. The U.S. economy couldn't be in much better shape to weather the emerging coronavirus threat or support President Donald Trump's reelection prospects. Support for federal economic policies hit the highest level since mid-2002.   The IBD/TIPP Economic Optimism Index rose for a fifth straight month, gaining 2.4 points to 59.8, the highest level since January 2004. The prior Trump-era high of 58...

New FxRebate partner broker: Capital.com!

by editor on 2020-02-03 17:37:12 | 0 comments

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Oil suffers worst monthly loss since May as coronavirus worries stoke demand fears

by editor on 2020-01-31 21:26:29 | 0 comments

Oil futures ended lower on Friday, suffering hefty monthly and weekly declines, as traders assessed the spread of China’s coronavirus and its potential impact on global economic growth and demand for crude. “Oil prices were treated without mercy this week...as concerns intensified over China’s coronavirus outbreak hitting demand for fuel,” Lukman Otunuga, senior research analyst at FXTM, told MarketWatch. “A sense of unease and uncertainty about the widening crisis and ramifications to global growth may result in further pain for oil,” he said...

Fed leaves key interest rate unchanged, keeping close eye on China’s coronavirus

by editor on 2020-01-29 20:42:30 | 0 comments

Stressing the U.S. economy is in good shape, the Federal Reserve on Wednesday left unchanged a key interest rate that influences borrowing costs, but it also said it’s closely monitoring whether the coronavirus spreads beyond China and harms the rest of the world. The central bank repeated its prior view that the economy is growing at a “moderate rate” while inflation remains low. Still, Fed Chairman Jerome Powell expressed some concern about the coronavirus and said senior officials are monitoring it closely...

Gold retreats from a more than 6-year high as traders assess China virus outbreak

by editor on 2020-01-28 19:15:43 | 0 comments

Gold futures ended with a loss on Tuesday, as investor worries over the spread of China’s coronavirus abated somewhat and prices consolidated, a day after prices rose to a more than six-year high. Some upbeat economic data also put pressure on haven demand for gold. The U.S. consumer confidence index climbed to a five-month high of 131.6 in January from a revised 128.2 in the prior month. Earlier, separate data showed orders for durable goods surged 2.4% in December, thanks to military purchases, while business investment in the civilian part of the economy declined again...

Oil prices fall to their lowest levels in over 3 months coronavirus stokes fears of weak demand

by editor on 2020-01-27 18:13:21 | 0 comments

Oil prices headed lower Monday as the death toll and number of those infected rose with China’s deadly influenza spread over the weekend, inciting fresh fears that the illness could hurt global energy demand. “The virus is fuelling fears of a cooling of oil demand, which would mean that the global oil market would be oversupplied to an even greater extent if no further measures are taken to reduce supply,” said analysts at Commerzbank, in a note to clients. West Texas Intermediate crude for March delivery CLH20, -2...

New FxRebate partner broker: FP Markets!

by editor on 2020-01-24 14:13:31 | 0 comments

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New FxRebate partner broker: Libertex!

by editor on 2020-01-21 20:03:25 | 0 comments

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Consumer sentiment index slips to 99.1 in January

by editor on 2020-01-17 18:58:23 | 0 comments

The numbers: The University of Michigan said the preliminary reading of its U.S. consumer sentiment index in January was 99.1, down slightly from 99.3 in the prior month. Economists polled by MarketWatch expected a reading of 99.6. The sentiment indicator covers how consumers view their personal finances as well as business and buying conditions. The big picture: The healthy job market and rising stock market are bolstering consumer confidence. What are they saying? “The headline figure was near consensus at 99...

Gold prices finish lower as some upbeat economic data dull haven demand

by editor on 2020-01-16 21:23:03 | 0 comments

Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious metal. Prices also declined on the back of further gains in U.S. benchmark stock indexes, which followed the completion Wednesday of the first stage in a trade pact between the U.S. and China and the Senate approval of the U.S.-Mexico-Canada trade agreement on Thursday. “Gold prices gave up their earlier gains following a wrath of positive US economic data,” said Edward Moya, senior market analyst at Oanda, in a market update...

Why would the Bank of England cut rates?

by editor on 2020-01-14 18:36:26 | 0 comments

Has Mark Carney pulled a Draghi on his appointed successor Andrew Bailey? The Bank of England (BoE) governor said last week that the UK central bank was debating whether to commit to keeping interest rates “lower for longer,” until inflation has returned to the official 2% target. Since Carney is retiring at the end of the month, his statement could be interpreted as a sign that the BoE might lower rates when its Monetary Policy Committee meets on January 30 , or at the very least as a move to frame the monetary policy debate after he’s gone...

U.S. plans to lift China's designation as currency manipulator: reports

by editor on 2020-01-13 18:35:53 | 0 comments

The Trump administration plans to lift its designation of China as a currency manipulator, news reports said Monday, ahead of the expected Wednesday signing of the so-called phase one U.S.-China trade deal. The Treasury Department plans to lift the designation, which it made last August, in a semi-annual report expected to be released ahead of the Wednesday signing, a Fox Business Network correspondent tweeted. The Chinese yuan extended gains versus the U.S. dollar in offshore trade USDCNY, -0...

Pound slides as Carney speech highlights possibility of interest-rate cut

by editor on 2020-01-11 22:04:27 | 0 comments

The pound was one of the worst-performing currencies on Thursday after Bank of England Governor Mark Carney delivered a speech that was perceived as being suggestive of lower interest rates. Sterling GBPUSD, -0.0230%  fell to $1.3029 from $1.0396 on Wednesday, as Carney delivered a speech on the central bank’s framework and pointed out the U.K. economy has been “sluggish.” “The economy has been sluggish, slack has been growing, and inflation is below target...

Oil prices drop as Trump’s speech calms drums of war with Iran

by editor on 2020-01-08 18:02:12 | 0 comments

Oil futures fell sharply on Wednesday as comments from President Donald Trump calmed nerves surrounding a potential war with Iran. Prices had seen a sharp but brief spike in prices late Tuesday, brought on by Iranian missile strikes at bases in Iraq where U.S. troops are stationed. In a speech Wednesday, Trump said Iran “appears to be standing down” following those strikes, and announced fresh sanctions on the Islamic Republic. Trump said the U.S. suffered no casualties. “Trump’s statement on Iran delivered more saber-rattling with hints of a premature victory lap,” said Edward Moya, senior market analyst at Oanda...

Gold futures stretch their gains to a 10th session

by editor on 2020-01-07 18:53:44 | 0 comments

Gold futures climbed Tuesday to stretch their gains into a tenth consecutive session, marking their highest finish since April 2013. "The latest spike in gold prices is being driven by the sudden escalation in US-Iran tensions, which is hitting world stock markets and leading investors to seek shelter," said Adrian Ash, director of research at BullionVault. However, "underlying demand for gold had already turned higher in 2019, most especially among investors in the Eurozone, where negative interest rates are forcing savers and investors to find better homes for their money than bank accounts or debt investments...

Experts doubt Fed has all the tools it needs to fight recession

by editor on 2020-01-06 12:54:28 | 0 comments

SAN DIEGO — Two monetary-policy experts, contradicting former Fed Chairman Ben Bernanke, said they wanted the central bank to consider new “radical” approaches to fight the next recession, out of a concern that existing tools might not be as effective as they were in the last crisis. In a Sunday morning panel at the American Economic Association annual meeting, former Treasury Secretary Lawrence Summers said the Fed’s QE program, in which the central bank would buy government bonds to bring down long-term rates, might not pack so much punch because the 10-year Treasury note is already close to 1%...

New FxRebate partner broker: NordFx!

by editor on 2020-01-01 22:39:00 | 0 comments

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Sterling Continues to Unwind Election Gains

by editor on 2019-12-23 13:10:20 | 0 comments

Overview:  In light volume, equities are trading with a heavier bias, bonds are mostly firm, and the dollar is softer against the major currencies.  China's equities standout with the Shanghai Composite falling over 1%.  South Korea, Australia, and Indian markets eased, but most of the smaller bourses gained. Japanese benchmarks were mixed.  Europe's Dow Jones Stoxx 600 is slightly lower, led by losses in financials and utilities.  US shares are little changed...

Investors think the Fed is doing QE again. That's giving markets an artificial boost

by editor on 2019-12-20 12:04:56 | 0 comments

New York (CNN Business)The Federal Reserve has taken great pains to stress that its rescue of the overnight lending market is not a stealth version of quantitative easing. Wall Street isn't buying it, though. The September spike in overnight lending rates forced the Fed to take dramatic action to relieve the stress. The US central bank began aggressively pumping in billions of dollars a day and purchasing $60 billion of Treasury bills per month. Euphoria sweeps across Wall Street...

What the Heck are Jobs Reports and Why Should I Care?

by editor on 2019-12-18 13:17:16 | 0 comments

Have you ever read news updates mentioning rising unemployment or falling payrolls yet you don’t have a clue what these mean for the forex market? Well, today is your lucky day because I’m giving you a rundown of the jobs releases you should watch out for and why they are important. Employment Change Perhaps one of the most closely watched releases for any major economy is its employment change report, which shows the change in the number of people who have jobs for a particular period...

Oil marks a new 3-month high after U.S.-China trade deal

by editor on 2019-12-16 22:31:38 | 0 comments

Oil futures climbed Monday to settle at a three-month high for a second consecutive session, lifted by a so-called phase-one U.S.-China trade deal that has de-escalated tensions between the world’s two-largest economies. West Texas Intermediate crude for January delivery CLF20, +0.25%  rose by 14 cents, or 0.2%, to settle at $60.21 a barrel on the New York Mercantile Exchange, while February Brent crude BRNG20, +0.02% gained 12 cents, or 0.2%, to end at $65...

Gold prices rise on weaker dollar as traders weigh progress on U.S.-China trade

by editor on 2019-12-13 18:55:56 | 0 comments

Gold prices climbed Friday, buoyed by weakness in the dollar and a fall in bond yields, as traders struggled to sort out news that China has agreed to the text of a phase one trade deal with United States. The U.S. and China have reached an agreement on text of a phase one trade deal and will now move toward signing a deal as quickly as possible, Chinese officials said Friday. The U.S. will scrap tariffs on Chinese goods in phases, Vice Commerce Minister Wang Shouwen said. President Donald Trump said Friday that the U...

Boris Johnson’s Conservatives cruise to victory in election as British pound and stocks surge

by editor on 2019-12-13 11:12:29 | 0 comments

Boris Johnson’s Conservative Party has won Britain’s crunch election and gained a decisive majority as voters backed his pledge to “get Brexit done.” The Prime Minister’s commanding win in the early hours of Friday morning saw his Conservatives secure the highest majority of any government since Tony Blair’s Labour in 2001. With just one seat left to be declared, the Conservatives upped their presence in Parliament by 47 seats to 364, while Labour lost 59 seats to 203...

Read the FOMC’s December statement

by editor on 2019-12-11 20:21:31 | 0 comments

Information received since the Federal Open Market Committee met in October indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent...

Get ready for QE4, says Credit Suisse analyst, as Fed fails to calm short-term markets

by editor on 2019-12-10 12:57:03 | 0 comments

The Federal Reserve’s actions to calm the stresses in short-term funding markets haven’t worked, said a key analyst who predicts that the central bank may have to resort to a fresh round of crisis-era monetary policy. In a note drawing attention among Wall Street investors and market experts, Credit Suisse analyst Zoltan Pozsar says the reserves in the banking system remain insufficient, and regulatory burdens on the world’s largest banks are “shaping up to be a severe binding constraint...

U.S. jobless claims tumble again to 203,000 and return to near a 50-year low

by editor on 2019-12-05 18:32:14 | 0 comments

The numbers: The number of Americans who applied for unemployment benefits at the end of November fell to the lowest level in seven months and returned close to a 50-year low, but the sharp decline in jobless claims likely stems in part from the Thanksgiving holiday. Initial jobless claims, a rough way to measure layoffs, dropped 10,000 to 203,000 in the seven days ended Nov. 30, the government said Thursday.       That’s the lowest level since mid-April, when new claims fell to a 50-year low of 193,000, and a sign that the U...

New FxRebate partner broker: DV Markets!

by editor on 2019-12-04 20:23:50 | 0 comments

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Gold heads toward 1-month high as Trump suggests China trade deal could wait till after 2020 election

by editor on 2019-12-03 18:34:25 | 0 comments

Gold futures rose toward their highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a long-awaited U.S.-China trade deal until after the November 2020 presidential election. Trump’s comments come ahead of a December 15th deadline for the imposition of fresh import tariffs on China. “Economic uncertainty was sparked following comments from President Trump, which seemed to dash near term hopes of a trade deal with China,” and suggested that “trade negotiations are once again at a serious impasse,” said analysts at Zaner Metals, in a daily note...

Gold gains in quiet trade as concerns about U.S-China trade deal rise

by editor on 2019-11-29 17:28:17 | 0 comments

Gold futures climbed slightly on Friday in light trading after the U.S. Thanksgiving holiday on Thursday, as investors remained concerned about the deterioration of U.S.-China trade relations after a bill supporting Hong Kong protesters was signed by President Trump late on Wednesday. Gold for February delivery GCG20, +0.69%,  the most active contract on Comex, added $4.60, or 0.3% around $1,470.6 an ounce, while March silver SIZ19, +0.22%  was down 0.2% at $17...

Sterling rises as YouGov poll shows Conservatives will big majority

by editor on 2019-11-28 19:13:58 | 0 comments

The pound strengthened on Thursday after a poll indicated Prime Minister Boris Johnson’s Conservative Party will win the December 12 general election with a comfortable majority. Sterling GBPUSD, -0.0542%  rose 0.1% to $1.2933 from a level of $1.2920 late on Wednesday in New York. The FTSE 100 index UKX, -0.18%  fell 0.4% to 7,398.89 on pound strength and as China reacted angrily to news that President Donald Trump signed a bill supporting Hong Kong protesters...

U.S. GDP growth in third quarter raised to 2.1% from 1.9%

by editor on 2019-11-27 17:48:29 | 0 comments

WASHINGTON (MarketWatch) - The U.S. economy grew at a 2.1% annual pace in the third quarter, a few ticks higher than previously estimated. Gross domestic product was originally estimated to have grown 1.9%. The improved figure stemmed mostly from upward revisions in inventories and investment in structures, the government said. The increase in consumer spending, the main engine of growth, was left at 2.9%. Business fixed investment was revised to show a 1% drop instead of 1.3%. The change in the value of inventories or unsold goods was raised to $79...

U.S. trade deficit in goods falls 5.7% in October to a 17-month low

by editor on 2019-11-26 14:39:55 | 0 comments

The numbers: An early look at U.S. trade patterns in October showed a nearly 6% decline in the nation’s trade deficit in goods. The gap was the lowest level in 17 months, but the U.S. is still likely to post the biggest deficit in 2019 in 11 years. The trade deficit in goods fell to $66.5 billion in October from a revised $70.5 billion in the prior month, the government said Tuesday. Economists surveyed by MarketWatch had forecast a $71.8 billion deficit. The advanced report also revealed an 0...

Sterling (GBP) Price Outlook: Range Setting Ahead of a General Election Breakout

by editor on 2019-11-25 08:41:44 | 0 comments

STERLING PRICE (GBP) FUNDAMENTAL FORECAST: NEUTRAL Sterling drifts lower on poor UK sentiment data. GBP/USD downside limited as PM Johnson leads the polls. Brand New Q4 GBP Forecast and Top Trading Opportunities Sterling is testing recent lows against the US dollar - driven today by weak UK PMIs and better-than-expected US PMI readings – but retains an underlying bid on the back of the UK PM Boris Johnson’s standing in the latest General Election polls...

Trump’s US$50 billion China farm deal ‘not possible’ after trade war market shift

by editor on 2019-11-15 16:44:32 | 0 comments

US President Donald Trump’s insistence that China buy US$50 billion worth of American agricultural goods may help drum up electoral support across the Farm Belt, but is “not really possible” in practice, industry insiders have said. The figure has been repeatedly cited by Trump and his supporters as a condition of a  trade deal  that would see China get some tariff relief, with Iowa Senator Chuck Grassley even tweeting overnight that China best not renege on a “promise made in Oval Office to buy $50-60B of ag products”...

Australia's jobless rate ticks up slightly

by editor on 2019-11-14 06:25:16 | 0 comments

SYDNEY--Australia's unemployment rate rose slightly to a seasonally adjusted 5.3% in October from 5.2% in September, the Australian Bureau of Statistics said Thursday. The jobless rate was in line with economists' forecasts, although the number of people employed fell by 19,000, compared with an expected 17,000 rise. Labor-market performance is a key marker for the Reserve Bank of Australia, with the central bank watching any fluctuations in labor market growth and wage changes ahead of its last policy meeting of the year, economists say...

Daily U.S. Session Watchlist: USD/JPY

by editor on 2019-11-12 17:25:08 | 0 comments

The likely top FX market moving event is the upcoming Reserve Bank of New Zealand’s monetary policy decision, but for today’s watchlist, we’re looking at the Greenback as U.S. President Trump’s speech on trade in just a couple of hours could have a big impact on all financial markets. Of course, we won’t know what he’ll say or the market’s reach may be, which makes USD/JPY kind of the perfect pair to play any potential pop in volatility given its technical setup...

Juncker doesn't believe Trump will impose Europe auto tariffs: report

by editor on 2019-11-08 16:42:56 | 0 comments

Outgoing European Commission President Jean-Claude Juncker said he doesn't believe President Donald Trump will levy tariffs on imported European cars next week, according to an interview with German newspaper Sueddeutsche Zeitung. "Trump is going to make some criticism, but there won't be any auto tariffs," Juncker told the newspaper, according to Reuters. "He won't do it. ... You are speaking to a fully informed man." The U.S. has until November 14 to decide whether it will impose tariffs of up to 25% on autos and parts out of Europe...

Gold recoups some of its recent losses, but holds below $1,500

by editor on 2019-11-07 06:12:52 | 0 comments

Gold futures settled higher Wednesday, a day after the precious metal lost its grip on the psychologically significant $1,500 mark amid gains in stocks, yields and a firmer U.S. dollar — all headwinds for the commodity. On Wednesday, some of those factors moderated somewhat, with bond yields sharply lower and the dollar a bit weaker. Gold prices fell Tuesday “as cascading sell stops from overbought conditions triggered lows to below $1485,” said George Gero, managing director at RBC Wealth Management...

Gold ends at 3-week low as hopes for a trade deal support stocks, bond yields and the dollar

by editor on 2019-11-05 20:01:57 | 0 comments

Gold futures fell on Tuesday, as a climb in U.S. stocks, bond yields and the dollar on hopes for a U.S.-China trade deal, along with a stronger-than-expected ISM services reading, sent prices for the precious metal to their lowest finish in three weeks. In economic news, the ISM U.S. service sector activity index rose to 54.7% in October, up from 52.6% in September with the upbeat economic news dulling haven demand for gold, prompting prices to touch fresh session lows shortly after the data were released...

U.S. October jobs report is likely to be a big dud, but not because the labor market is tanking

by editor on 2019-11-01 11:06:55 | 0 comments

A big dud. That’s what Wall Street suspects when the government tells us how many new American jobs were created in October. Not just because hiring in the U.S. has slowed, although it has. A six-week strike at General Motors might play an even bigger role. Here’s what to watch in the employment report due Friday morning. A striking number Economists polled by MarketWatch predict the U.S. added a meager 75,000 new jobs last month, down from a lackluster 136,000 in September. If they’re right, it would be the third reading below 100,000 this year...

Oil prices end at 1-week low as EIA reports nearly 6 million-barrel weekly rise in U.S. supplies

by editor on 2019-10-30 19:43:37 | 0 comments

  Oil futures ended Wednesday at their lowest in just over a week after the Energy Information Administration reported a larger-than-expected weekly U.S. crude-supply increase of almost 6 million barrels, but gasoline inventories declined a bit more than forecast. The EIA crude supply build “exceeded expectations even with refinery runs higher, but imports recovered notably,” said Marshall Steeves, energy markets analyst at IHS Markit. “The draws in distillates and gasoline were unsurprising,” as gasoline demand has been unseasonably high...

Another rate cut, and then what? The Fed isn’t making any promises

by editor on 2019-10-29 13:01:56 | 0 comments

The Federal Reserve is widely expected to lower its benchmark interest rate on Wednesday by 25 basis points to a range of 1.5%-1.75%, the third such cut in three months. The fed funds futures market puts the probability at 94%. That same financial futures market is attaching low odds (28%) to another cut in December, which seems to be the message —three and done, at least for now — conveyed by Fed officials, starting at the top with Fed Chair Jerome Powell. But that message is not uniform nor without inconsistencies...

New FxRebate partner broker: Eurotrader!

by editor on 2019-10-26 12:02:36 | 0 comments

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Inflation forecasts fall in ECB survey of forecasters for fourth straight time

by editor on 2019-10-25 13:23:51 | 0 comments

Inflation forecasts fell in the fourth quarter in the European Central Bank's survey of professional forecasters, the fourth successive fall of 0.1 percentage points. The forecasters expect annual inflation to average 1.2% in 2019 and in 2020, and 1.4% in 2021. The ECB targets inflation just below 2%. The forecasters also lowered their expectations of GDP growth, seeing 1.1% growth in 2019, 1% growth in 2020 and 1.4% growth in 2021. ...

Deutsche Bank argues the U.S. dollar has peaked and the euro has bottomed out

by editor on 2019-10-22 18:32:03 | 0 comments

Here’s some news that probably will cheer up one of its clients, President Donald Trump — Deutsche Bank believes the U.S. dollar has peaked. In a monthly note on its cross-asset strategy, Deutsche Bank’s argument against the dollar is more about an argument for the other side of the trade, the euro. The bank says European interest rates are already near the effective lower bound, leaving little room for more cuts. Plus, the manufacturing data between Europe and other markets are at extremes, where they tend to rebound...

Things aren’t looking great for China’s economy and it may only be getting worse

by editor on 2019-10-21 18:40:28 | 0 comments

If you thought China’s 6% growth rate for this year’s third quarter — which indicates that the country is growing at its slowest pace in nearly 30 years — was bad, brace for worse. The International Monetary Fund predicts that the Chinese gross domestic product will grow at a rate of 5.8% in 2020, according to its World Economic Outlook published over the weekend. Six months ago, the IMF had forecast a growth rate of 6.1%.  The downward revision was triggered by “the effects of escalating tariffs and weakening external demand,” which have “exacerbated the slowdown associated with needed regulatory strengthening to rein in the accumulation of debt,” the report states...

Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio

by editor on 2019-10-18 17:22:36 | 0 comments

The U.S. and China may be nearing a tentative, partial trade agreement but the IMF’s new leader has warned the trade truce won’t be enough to boost global growth. Another ongoing dispute may also be nearing a resolution, with the U.K. and EU agreeing a Brexit deal, though British MPs still have to approve it. But the U.S. has confirmed tariffs on $7.5 billion worth of European goods will take effect on Friday, proving that geopolitical tensions are here to stay. Hedge fund billionaire Ray Dalio, in our call of the day, says the global economy is in a “great sag” and the world has parallels to the 1930s...

Gold ends at highest price in a week as investors weigh tentative Brexit pact

by editor on 2019-10-17 20:15:44 | 0 comments

Gold prices edged higher on Thursday after the European Union and U.K. reached a preliminary Brexit deal, with worries that a deal may not pass a weekend vote in the British parliament and signs of a weakness in the U.S. economy providing support for the haven metal. “Gold’s gains after an initial small sell off suggest that many market participants remain skeptical of this latest Brexit ‘deal’,” and British Prime Minister Boris Johnson’s ability to get both the Democratic Unionist Party in Northern Ireland and the UK parliament to agree to the deal,” said Mark O’Byrne, research director at GoldCore in Dublin, told MarketWatch...

Why a strong dollar could be a warning sign in this market

by editor on 2019-10-16 07:55:21 | 0 comments

With so many conflicting signals about markets, the economy in the U.S. and abroad, the impact of the China-U.S. trade war, and more, what’s an investor to think? Through all the noise, there’s one measure that bears watching. Even investors who don’t trade currencies should pay attention to the strength of the U.S. dollar, according to a note out Monday. That’s because while the strong dollar has a lot of effects, its cause, at least right now, is that investors around the world are skittish...

New FxRebate partner broker: CrescoFX!

by editor on 2019-10-14 14:08:23 | 0 comments

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Brexit hopes sends British pound to highest level of Johnson administration as U.K. banks soar

by editor on 2019-10-11 19:38:35 | 0 comments

Growing hopes that U.K. and European leaders can reach an agreed deal for Britain to leave the European Union pushed the British pound higher for a second day on Friday. The pound GBPUSD, +1.7277%  rose as high as $1.2706, up from $1.2444 on Thursday, a day when the U.K. currency had its best single day percentage advance since March. Taken together, it’s the best two days of gains in over a decade. It’s the strongest sterling has been since Theresa May was prime minister...

Fed grew more worried about economy at September meeting, minutes show

by editor on 2019-10-09 19:01:42 | 0 comments

  Federal Reserve officials were more worried about the U.S. economy by the time they met in mid-September, according to minutes of the central bank’s meeting released Wednesday. “Participants generally judged that downside risks to the outlook for economic activity had increased somewhat since their July meeting, particularly those stemming from trade policy uncertainty and conditions abroad,” the minutes said. There was even talk about possible recession, with several Fed officials noting that the probability of a recession “had increased notably in recent months...

Here’s why European leaders may let an economic slowdown morph into a serious crisis

by editor on 2019-10-08 19:07:15 | 0 comments

The eurozone economy keeps slowing — forecasts are regularly proving to be too optimistic. After its latest cut to GDP estimates, the European Central Bank now sees gross domestic product growing 1.1% this year and 1.2% in 2020, compared with projections issued in June for 1.2% GDP in 2019 and 1.4% in the following year. Europe faces a double whammy of uncertainties both foreign — slowing world trade brought about by U.S. tariffs coupled with the threat of further escalation — and domestic, the increasing possibility of a no-deal Brexit...

New FxRebate partner broker: Infinox Capital!

by editor on 2019-10-07 21:14:18 | 0 comments

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THE UNEMPLOYMENT RATE SITUATION - SEPTEMBER 2019

by editor on 2019-10-04 13:33:08 | 0 comments

THE EMPLOYMENT SITUATION - SEPTEMBER 2019 The unemployment rate declined to 3.5 percent in September, and total nonfarm payroll employment rose by 136,000, the U.S. Bureau of Labor Statistics reported today. Employment in health care and in professional and business services continued to trend up. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry...

Aussie Bears at Risk as Reserve Bank Has Reason to Dial Back Dovishness

by editor on 2019-10-01 16:53:17 | 0 comments

Investors betting on fresh losses in the Australian dollar are at risk of having their trades backfire this week. While the majority of economists predict the Reserve Bank of Australia will cut interest rates to a new record low on Tuesday, there are a number of factors that suggest policy makers may spur an Aussie rally by either deciding to stay on hold or delivering a hawkish cut by restraining expectations for any further easing. The central bank’s Aussie trade weighted index has fallen for an unprecedented fifth quarter, signaling the currency is delivering an extra dose of accommodation by helping underpin exports...

New FxRebate partner broker: UGL Exchange!

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New FxRebate partner broker: Vantage FX!

by editor on 2019-03-29 19:44:26 | 0 comments

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Yen Rising As Safe Haven Demand Increases

by RoboForex on 2018-04-03 15:20:33 | 0 comments

The Japanese yen confirmed its safe haven status again. The previous correction was quite technical, as the market was trying to balance the USD/JPY pair without any significant fundamentals published. Now, the economic events are flowing into the market again, and the news are very much negative, which, as a rule, does influence the Japanese currency.  First and foremost, the markets are very wary about the 'trader war' between the US and China, which can start any time. The US government imposed some customs duties unilaterally against steel and aluminum a few weeks ago...

Gold Rallying Steadily

by RoboForex on 2018-01-15 15:54:53 | 0 comments

Gold has been growing up steadily this year. By mid January, the yellow metal is at $1344.30, adding 0.7% to its price. Gold started growing in mid December and is moving ahead quite firmly in the lights of the weakening US dollar. The market does not believe in the greenback and does not pay any attention to the fundamentals. On Friday, the US inflation report came up mixed, with the CPI growth by just 0.1% MoM, as expected. Base inflation did much better, with 0.03% growth MoM, the expectations being at 0...

The Oil Calmed Down After Forties Pipeline System Failure

by RoboForex on 2017-12-19 08:40:36 | 0 comments

Last week, the commodity market was very sensitive to the news about the Forties pipeline system breakdown and the fact that the pipeline had to be closed for maintenance. Brent reached the local high at 65.83 USD per barrel. However, after a couple of days this “bullish frenzy” died down and investors started analyzing the situation. It became quite clear why Brent was rising so fast, WTI was behind, and what was the reason of all this. The Forties pipeline is very important for the United Kingdom and the oil extraction in the North Sea in general...

New FxRebate partner broker: Destek Markets!

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New FxRebate partner broker: Deltastock!

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Oil Will Be Led By Politics

by RoboForex on 2017-12-04 15:12:18 | 0 comments

The OPEC’s November decision on the extension of the agreement, which establishes strict borders and limits for the oil extracting countries, was quite logical. The agreement has been extended at least until the end of 2018. So, the main question for the nearest future is how the OPEC is going to terminate the agreement if the organization has no plan B. On the first Monday of December, oil prices are trying to start a correction. Brent costs $63.41 (-0.5%); WTI lost 0.7% and right now is $57...

New FxRebate partner broker: MEX Group!

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Rumors make the Oil go up

by editor on 2017-11-21 19:12:41 | 0 comments

The oil market has another reason to recover. At the beginning of last week, they were selling oil because there were rumors that Russia had no interest to extend the OPEC+ agreement, but at the end of it the price movement direction changed to the opposite. Saudi Arabia announced that Russia would support the OPEC+ agreement extension after March 2018. The closer November 30th is, when the OPEC is going to have a meeting in Vienna, the more doubts investors have about future announcements and actions...

The US Dollar Doesn’t Like Talks About The Rate

by editor on 2017-11-15 15:23:07 | 0 comments

Despite being pretty clear and logical, talks about the benchmark key rate increase in the USA in December are “haunting” some monetary politicians and investors. These doubts, which were mentioned in Patrick Harker’s comments below, put pressure upon the “sensitive” USD. Not long time ago, the FOMC member Patrick Harker said that one should be very careful when estimating the USA inflation and the Federal Reserve had to be ready for any stresses and shocks in the economy...

The USD is keeping balance

by editor on 2017-11-07 19:37:49 | 0 comments

In October, the Non-Farm Payrolls added 252K, although it was expected to expand by 313K. However, the September report was revised upwards (+15K) and sort of wore off the first impression of the statistics. The Average Hourly Earnings didn’t change; on YoY, it’s still 2.4%. This report also got investors’ attention: the predicted reading was 2.7% y/y. There was a similar situation this year, when the capital market focused on this very parameter and prevented the USD from being supported by other reports, which were pretty good...

The Oil is Updating Its Highs and Getting Ready for a New Attack

by editor on 2017-10-31 13:14:41 | 0 comments

The oil is still getting more expensive. Last Friday, the Brent futures contract price for December broke $60 per barrel and continues rising at the beginning of this week. The “bulls” clearly had enough time to “rest” during the weekend and right now are ready for new highs. The oil hasn’t been so expensive for more than two years – the current levels were last reached in July 2015. In early November, market conditions remain in favor of the oil buyers. It means that there might be more records in the future...

The Japanese Yen is planning to weaken

by editor on 2017-10-23 19:12:25 | 0 comments

"Abenomics” will continue. The Liberal Democratic Party led by the current Japanese Prime Minster, Shinzō Abe, secured a victory during the elections that took place last weekend. However, such results were expected: frankly speaking, the Opposition has nothing to offer instead of the current fiscal and monetary policy. Hardly anybody is ready to take responsibility for the weak inflation and the gradual increase of the national debt, but Abe, for example, is staying in power and continues being responsible for country’s financial and economic system together with the Bank of Japan...

The US Dollar is Vulnerable, But It’s Temporarily

by editor on 2017-10-17 15:11:37 | 0 comments

The US Dollar can’t manage to continue growing, and the more attempts to rise it makes, the more doubts appear that it can really rise during this particular period of market fluctuations. The EUR/USD has clearly set a course for 1.20 and may resume falling only after reaching this level. The statistics is against the USD so far. The numbers published last week, which were followed with insight, turned out to be weaker than expected and investors lost their interest (that was already very low) to the American currency...

New FxRebate partner broker: CMC Markets!

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New FxRebate partner broker: Fortrade!

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Today a new broker starting his collaboration with FxRebate: Matador Prime. Check Matador Prime advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: CentroFX!

by editor on 2017-02-03 15:53:17 | 0 comments

Today a new broker starting his collaboration with FxRebate: CentroFX. Check CentroFX advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: Tallinex!

by editor on 2016-11-07 12:09:22 | 0 comments

Today a new broker starting his collaboration with FxRebate: Tallinex. Check Tallinex advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: ForexMart!

by editor on 2016-10-13 16:14:40 | 1 comments

Today a new broker starting his collaboration with FxRebate: ForexMart. Check ForexMart advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: BDSwiss!

by editor on 2016-09-29 20:44:58 | 0 comments

Today a new broker starting his collaboration with FxRebate: BDSwiss. Check BDSwiss advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: TrioMarkets!

by editor on 2016-09-26 17:39:48 | 0 comments

Today a new broker starting his collaboration with FxRebate: TrioMarkets. Check TrioMarkets advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: FxGrow!

by editor on 2016-09-20 13:53:32 | 0 comments

Today a new broker starting his collaboration with FxRebate: FxGrow. Check FxGrow advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: Solforex!

by editor on 2016-08-31 08:47:54 | 0 comments

Today a new broker starting his collaboration with FxRebate: Solforex. Check Solforex advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: Dukascopy Europe!

by editor on 2016-08-05 08:01:26 | 0 comments

Today a new broker starting his collaboration with FxRebate: Dukascopy Europe. Check Dukascopy Europe advantages in his special page. With FxRebate you earn rebate with every trade! ...

New FxRebate partner broker: GBE Brokers!

by editor on 2016-07-01 13:44:09 | 0 comments

Today a new broker starting his collaboration with FxRebate: GBE Brokers. Check GBE Brokers advantages in his special page. With FxRebate you earn rebate with every trade ...

New FxRebate partner broker: Trade.com!

by editor on 2016-07-01 13:23:11 | 0 comments

Today a new broker starting his collaboration with FxRebate: Trade.com. Check Trade.com advantages in his special page. With FxRebate you earn rebate with every trade. ...

New FxRebate partner broker: KeyStock!

by editor on 2016-07-01 12:56:38 | 0 comments

Today a new broker starting his collaboration with FxRebate: KeyStock. Check KeyStock advantages in his special page. With FxRebate you earn rebate with every trade. ...

New FxRebate partner broker: Vipro Markets!

by editor on 2016-06-09 09:05:08 | 0 comments

Today a new broker starting his collaboration with FxRebate: Vipro Markets. Check Vipro Markets advantages in his special page. With FxRebate you earn rebate with every trade. ...

New FxRebate partner broker: Valutrades!

by editor on 2016-06-06 13:25:28 | 0 comments

Today a new broker starting his collaboration with FxRebate: Valutrades. Check Valutrades advantages in his special page. With FxRebate you earn rebate with every trade. ...

New FxRebate partner broker: Capital Index!

by editor on 2016-05-19 16:21:52 | 0 comments

Today a new broker starting his collaboration with FxRebate: Capital Index. Check Capital Index advantages in his special page. With FxRebate you earn rebate with every trade. ...

New FxRebate partner broker: FXDD Malta!

by admin on 2016-01-04 16:47:31 | 0 comments

Today a new broker starting his collaboration with FxRebate: FXDD Malta. Check FXDD Malta advantages in his special page. With FxRebate you earn rebate with every trade. ...

New FxRebate partner broker: LMAX!

by admin on 2015-11-27 09:34:03 | 0 comments

Today a new broker starting his collaboration with FxRebate: LMAX. Check LMAX advantages in his special page. With FxRebate you earn rebate with every trade. ...

Traders missing out on monthly profits of up to 5%

by admin | 0 comments

Article published in: "Business Journal", "Bloomberg Business Week", "CNBC", "DailyNews", "Reuters", "The Sun", and other renowned financial publishers. FXrebate, Romania's largest cash rebate provider, is encouraging retail traders to choose a broker through their referral network and benefit from passive monthly profits. Brokers affiliated with FXrebate are some of the most recognized in the world and offer trading instruments for currencies, CFDs, stocks and indexes...

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