Tag - economy

Every trader knows that economic data have a great impact on the Forex market.

Over the last 18 months, governments have printed an unbelievably large amount of money. And while these measures help the economy to rise and thrive, the consequences can be severe for everyone.

Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.

The Kansas City Federal Reserve announced Friday the annual Jackson Hole symposium will be held virtually, a reversal from prior plans that saw a modified, in-person program…

The latest minutes of the Federal Reserve’s meeting showed most Fed officials agreed they could start slowing the pace of bond purchases later this year given the progress made toward inflation and employment goals.

What happened? Japanese shares fell on Monday…

What will happen? On Thursday, August 12, during the day members of the Organization of Petroleum Exporting Countries (OPEC) and Joint Ministerial Monitoring Committee (JMMC) will discuss a range of issues regarding energy markets and, most importantly,…

As warned over the past few days, gold is not in a position to keep on rising. Yesterday gold managed to rise all the way to $1,916.

AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.

US Advance quarterly GDP is announced on April 29 at 15:30 MT time.

Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.

IMF downgraded its projections for the Euro Area. Economists predict that the EU will get back to the pre-pandemic levels only by the end of 2022.