Forex News and Rumors

Pound Falls on Week Consumer Confidence

A report yesterday shows that consumer confidence in the UK has dropped to a 12-year low and fueling further speculation that the Bank of England could lower interest rates at a scheduled meeting tomorrow. More

European Markets Give Up Gains

European markets were down in morning trading in anticipation of a rough day on Wall Street as investors wait for an interest rate decision by the Federal Reserve and Friday’s Non-Farm Payroll Employment report.

See also.

Canadian Dollar Drops on Weaker Stocks and Political Questions

Weaker commodities and growing political turmoil that could see the recently-elected Conservative party defeated by a coalition government early next week, led Canada’s loonie to a 0.9 percent loss against the US dollar. More

US Auto Maker Plan Includes Sell-Offs and Employee Reductions

The three US auto makers revealed their plans to Congress yesterday in a bid to secure emergency financing. The plans included significant employee reductions, changes to benefits, and the selling-off of entire product divisions. 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.