News: Forex

News: Forex

This is your go-to source for all the latest Forex news. This is where you can find out about all the latest developments in the world of foreign exchange, from the latest currency movements to economic data releases, technical analysis, economic indicators, and central bank policies.

Wall Street is Predicting a 2023 Recession. Here are the Red Flags You Should Know About

Wall Street is Predicting a 2023 Recession. Here are the Red Flags You Should Know About Also, Matthew Luzzetti claimed in the last note connected with the bank's analyses led by him: "We don't think the Fed will achieve a smooth landing." Instead, we expect a more severe hawkish monetary policy to send us into economic depression."

The Yen Had Its Worst Drop In 20 Years. Why It Could Help Japanese Stocks

The Yen Had Its Worst Drop In 20 Years. Why It Could Help Japanese Stocks Kuroda is dealing with a different market than Jerome Powell and his colleagues at the Fed. Japan just recently emerged from deflation, with an inflation rate of less than 1%. In the United States, inflation is near 8%. As a result, a milder stance from the BoJ seems logical.

China’s Digital Yuan Wallet Now Has 260 Million Individual Users

China’s Digital Yuan Wallet Now Has 260 Million Individual Users The digital yuan innovation underwent tests and validation for two years before entering the mainstream market. The PBOC has since declared its experiment an official success, introducing its digital wallet earlier this year in Chinese versions of iOS and Android.

China Offers Digital Yuan at Olympics to Test Overseas Appeal

China Offers Digital Yuan at Olympics to Test Overseas Appeal Ahead of the Beijing Winter Olympics, China distributes its digital yuan to athletes and spectators, the first significant test of the virtual currency's attractiveness among foreigners.

Dollar Falls While Yen and Swiss Franc Gain In Post-Omicron Gyrations

Dollar Falls While Yen and Swiss Franc Gain In Post-Omicron Gyrations On Wednesday morning, the dollar sank versus the yen and the Swiss franc, despite riskier British and Australian currencies rising from day-ago lows. The fluctuations highlighted the tenuous nature of the earlier-in-the-day tranquillity that appeared to settle over the foreign currency markets.

Pound And Euro Suffer Against Dollar As US Fed Looks To Faster Tapering

Pound And Euro Suffer Against Dollar As US Fed Looks To Faster Tapering On Thursday, the pound fell dramatically compared to the dollar since 2021, as the potential of the US Federal Reserve strengthening policies more rapidly than expected powered the greenback.

Japanese Megabanks Have Joined a Group Establishing Yen-Based Digital Currency

Japanese Megabanks Have Joined a Group Establishing Yen-Based Digital Currency Cryptocurrencies are being considered by Japan's private-sector behemoths as a way to speed up large financial transactions and settlements.

As Germany’s Business Confidence Deteriorates, The Euro Slides to July 2020 Lows

As Germany’s Business Confidence Deteriorates, The Euro Slides to July 2020 Lows The euro sank on Wednesday as a poll revealed that German business confidence declined in November, while the Turkish currency stayed under pressure as President Tayyip Erdogan supported interest rate cuts despite rising inflation.

Euro’s Pain Makes For Dollar’s Weekly Gain

Euro’s Pain Makes For Dollar’s Weekly Gain On Friday, the dollar appeared set to make a second week of significant gains versus the euro as traders gambled on interest rates increasing quicker and further on the North Atlantic's western side, while sterling and the kiwi firmed as well.

Liquidity Provider B2Broker Has Announced its New FX/Crypto Spot Liquidity Features

Liquidity Provider B2Broker Has Announced its New FX/Crypto Spot Liquidity Features B2Broker has implemented a number of excellent new conditions for its Margin and Crypto Spot liquidity services, resulting in an industry-leading new super-competitive price structure.

USD/JPY Retreats Further From Multi-Year Tops, Depressed Below Mid-113.00s

USD/JPY Retreats Further From Multi-Year Tops, Depressed Below Mid-113.00s The pair saw considerable selling during the first half of trading on Wednesday, erasing a significant portion of the overnight advances to the biggest level since December 2018.

‘The End of Physical Currency, Cash, is Certainly Drawing Near’: Economist

‘The End of Physical Currency, Cash, is Certainly Drawing Near’: Economist Physical currency and physical cash may soon be obsolete, according to Eswar Prasad, a Cornell University economics professor and author of "The Future of Money."

China Adds $71 Billion in Cash in Past Week to Calm Nerves

China Adds $71 Billion in Cash in Past Week to Calm Nerves The People's Bank of China has injected a total of 460 billion yuan ($71 billion) of short-term cash into the banking system over the past five business days, including 70 billion yuan on Friday.

India’s Forex Reserves Will Rise Sharply This Week

India’s Forex Reserves Will Rise Sharply This Week When the Reserve Bank of India announces its foreign exchange reserves statistics, India's foreign exchange reserves will climb dramatically.