Forex News and Rumors

Euro Gains on Dollar

The euro gained on the dollar in the wake of positive news from the European stock markets. More

Markets in Asia and Europe Lift on US Rally

Markets around the world are higher this morning after Wall Street completes four consecutive days of positive gains. American markets are closed today for the Thanksgiving holiday. More

Attacks Close Indian Markets

India’s financial markets remain closed in the wake of attacks on several hotels and restaurants in Mumbai. More

Cracks Appearing in the OPEC Armour

As demand for oil decreases and the price continues to fall, two camps are forming within Organization of the Petroleum Exporting Countries (OPEC) – countries like Saudi Arabia that can afford a period of lower prices, and countries that rely on high prices to meet their spending needs such as Iran and Venezuela. OPEC meets this weekend and it is expected that production will be reduced in a bid to boost prices. More

France to Offer Credit Guarantees

The French government is working on a plan that would see insurance being offered to companies that provide credit to other businesses. This would effectively insure the loaning company in the event that the firm they are lending to goes out of business and is unable to meet its financial obligations. More

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