Forex News and Rumors

UK Economy Shrinks 2.4%

The Office for National Statistics (ONS) said today that the UK contracted by 2.4 percent during the first quarter of 2009. This is the largest quarterly decline in 51 years and much worse than the 1.9 percent estimate. More

Eurozone Experiences Negative Growth

For the first time since the euro was introduced in 1999, the annual inflation rate for the eurozone turned negative. Officials blamed lower energy and food costs – coupled with a falling demand for consumer goods – as the reason for the negative result. More

Japan’s Unemployment Numbers on the Rise

Unemployment in Japan jumped to 5.2 percent in June – its highest level since September 2003. More

California’s Budget Woes Threaten Country’s Recovery

Representing 12 percent of the country’s Gross Domestic Product (GDP) – and on it’s own the world’s eighth-largest economy – California’s on-going economic crisis threatens to delay America’s recovery as the state struggles under the weight of a $24 billion budget shortfall. 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.