Forex News and Rumors

Russia’s Economy Suffers 10.5% Drop in April

The worldwide slide in oil prices – dropping to a current price of $60 a barrel from a high of $147 last summer – has been disastrous for Russia’s economy. Latest results indicate that Russia has suffered a 10.5% contraction in April from the same month one year ago. More

Factory Orders in Eurozone Fall 0.8%

Factory orders in the eurozone – used as a measure of factory sales and orders – slipped by 0.8% for March bringing the total loss for the previous twelve months to 26.9 percent. More

Technical Analysis Suggests Gold Could Hit $1,250

A continuation of a pronounced “head-and-shoulders” pattern suggests that a price break-out could lead to a long-term uptrend with resistance forming at the $1,250 an ounce level. More

Tensions Rise as North Korea Fires More Rockets

Following on the heels of North Korea’s nuclear missile testing over the weekend, North Korea fired two more short-range missiles in a defiant move in the face of global opposition. 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.