Forex News

Spain’s Services Sector Enters Contraction Territory: A Troubling Sign What Happened? Prior to the latest report, Spain’s services sector had been showing signs of strength and resilience. However, recent data reveals that the sector has entered contraction territory for the first time since last October. This shift is concerning and points to underlying challenges in…

France’s Economic Contraction Deepens in Q3 Prior 47.1Composite PMI 46.0 vs 46.6 prelim Prior 46.6 The downward revisions just paint a worse picture of France’s economic contraction in Q3, with the services sector seeing its sharpest fall in two-and-a-half years. New orders are seen falling for a fourth month straight but at least input cost…

The crypto gambling site, Stake.com, falls victim to cyber criminals Security Breach The popular crypto gambling platform, Stake.com, recently experienced a major security breach where approximately $41 million in cryptocurrencies were stolen in what has been described as ‘suspicious outflows’. The unauthorized transactions were traced back to the platform’s Ethereum and Binance Smart Chain hot…

Welcome back, US Traders! What’s Happening in the Bond Market? Today is a big day for US traders as the bond market is back open for business. If you’re wondering why all the buzz, let me break it down for you. Treasury yields are on the rise again, following a sudden turnaround on Friday. The…

Blog Post Understanding the Recent Fed Decision Recently, the Federal Reserve announced a 25 basis point hike in interest rates, a move that was widely anticipated by market analysts. Despite this increase, the central bank decided to keep all other policy measures unchanged. Fed Chair Powell emphasized the importance of data dependency in their decision-making…

China’s Country Garden Facing Default Risk What’s Happening? Chinese developer Country Garden is in hot water as it struggles to meet a USD 22.5 million payment, risking default. The company has sought extensions on seven onshore bonds, adding to the growing concerns in the market. The European Central Bank President Lagarde, along with Schnabel and…

Goldman Sachs and the Probability of a US Recession Why Goldman Sachs Keeps Lowering Their Forecast Goldman Sachs has been making headlines lately for their consistent revisions of the probability of a US recession in the next 12 months. And what’s even more surprising is that their forecasts have been consistently lower than the consensus….

Lagarde’s Insights on Central Bank Responsibilities By: Your Name On Monday, ECB President Christine Lagarde emphasized the importance of central banks in maintaining stable inflation expectations. This statement comes amidst ongoing discussions within the banking sector on the role of central banks in the current economic climate. Lagarde’s remarks highlight the critical role that central…