Forex News and Rumors

Eurozone Retail Sales Continue to Decline

Retail sales for the month of October fell by 1.6% marking the third consecutive month the Eurozone countries have, collectively, seen a drop in retail spending. The results come just a day before the European Central Bank is scheduled to meet with speculation growing that an interest rate cut is in the works. More

Brent Crude Up $5.43 in London Trading

The price of Brent crude oil gained $5.43 on fears of further production cuts by the Organization of the Petroleum Exporting Countries (OPEC). More

US Economy Losses 157,000 Jobs

ADP – a private payroll services provider – reported today that the US lost 157,000 jobs in October making this the highest single-month loss in nearly six years. More

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