Forex News and Rumors

Yen Gains on Euro and Dollar

Falling stock prices have prompted some investors to buy yen as a hedge against falling stock prices in Europe and on Wall Street. More

UK January Sales Retail Climb

The Office for National Statistics (ONS) reported that retail sales in the UK rose by 0.7 percent from the previous month and 3.6 percent from January 2008. More

Asia to Lose 7.2 Million Jobs – UN Report

A United Nations report says that 7.2 million jobs could be wiped out in Asian countries as the global economic crisis pushes down demand for goods typically produced in the region. A similar report by the International Labour Organization says that the number could actually be more than 22 million. More>

Lower Oil Prices Means Growth in Gulf States to be Limited

The International Monetary Fund (IMF) issued a report today indicating that growth in the Gulf Arab states will plunge this year as falling oil prices and reduced exports will result in growth falling to 3.5 percent from 6.8 percent GDP growth last year. More

Obama Completes Whirlwind Visit of Canada

Telling Canadians that he wants “to grow trade and not contract it”, President Obama assured Canada and all US trading partners that despite recent controvery around the “Buy American” clause in the massive stimulus bill signed into law last week, the US remains committed to free and open trade. More

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.