Sluggish Economy and Brexit Fears Keep The Pound Bearish

The GBPCAD pair lost more than 1000 pips in the past two weeks to touch a low of 1.8662 on Tuesday. The well known reason for the decline was the possibility of a ‘Brexit’ (Britain exit) from the European Union

Read More

Glencore Post $8bn Loss Due To Weak Commodity Prices

Glencore, the Swiss mining and trading house recently confirmed a huge annual loss of $8 billion arising from the sharp decline in commodity prices over the past year. The company had registered pre-tax profit of $4.3billion in 2014 but the

Read More

Former Bank Of England Governor Predicts Failure of Eurozone

Mervyn King, the former governor of the Bank of England who is well-known for his views in opposing the European Union (EU) and the concept of having a single currency has predicted that the EU will eventually collapse. In a

Read More

China Replaces Head Of Securities As It Seeks To Calm Market

China recently announced that it has replaced the head of its securities regulator Xiao Gang and appointed a top state banking executive in his place, as the country continues to take measures to calm the markets after a turbulent few

Read More

Governor of PbOC Tries To Calm Market Over Major FX Concerns

China’s volatile market has caused serious concerns for a number of countries wiping out billions of dollars in trading. While market analysts believe that this trend in China will continue in 2016, Zhou Xiaochuan, the governor of the People’s Bank

Read More

UK Interest Rate Rise Unlikely – For Now

If you are a UK Forex trader then you will no doubt have been pinning your hopes on a rise in interest rates in the UK for quite a time now, and as the UK economy has been doing exceptionally

Read More

China Claims Relatively Abundant Forex Reserves Despite Crash

In December 2015, China found its mammoth foreign reserves considered to be the world’s largest, dip to a three year low amounting to $3.3 trillion. Beijing maintained that the $107.9 billion deficit was in part a result of the recent

Read More

IMF’s Lagarde Predicts Global Growth In 2016 To Be Disappointing

The global economic outlook for 2016 is not very positive according to Christine Lagarde, the Managing Director of International Monetary Fund (IMF). Setting forth her views in a guest article in the German newspaper Handelsblatt, she recently predicted that growth

Read More

Saudi Arabia Not Budging on Oil Price

It is looking more and more likely that the world is being given something of an early Christmas present from Saudi Arabia, for they are currently refusing to budge in regards to the amount of oil they produce each day.

Read More

New Government Bond Binary Options

A new type of trade what you are going to be able to place at one of our featured Forex Brokers that being AvaTrade are Government Bonds based Binary Options, and when you are looking to diversify into market places

Read More