Forex News and Rumors

US to Auction $40 Billion in New Notes

For the first time in three days, two-year treasury notes fell on fears that as the government prepares to sell $40 billion in new notes, supply will outstrip demand for US government debt. More

Dollar Falls as Fed Dismisses Rate Increase

The dollar fell against the euro on signs that the Federal Reserve is not considering a rate increase in the near-term as the US economy continues to struggle. More

UK Mortgage Approvals on the Rise

A total of 31,162 mortgage applications were approved in the UK for the month of May. This is a 13-month high that is also a 15.8 percent increase over May 2008 and suggests that consumers are prepared to get back into the housing market. One downside note however, is the fact that the average value for each application fell by 13.9 percent from last year to £133,600 ($219,519). More

European Stocks Open Lower

Stocks opened lower in Europe today in a continuation of yesterday’s sell-off. By late morning trading, London’s FTSE 100 index was down 1.49 percent to 4,281.27, the CAC 40 in Paris lost 1.55 percent to 3,171.44, and Germany’s DAX 30 was down 1.40 percent to 4,771.60. 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.