Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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Latest Economic News

Gold is breaking records: is the Fed preparing to cut rates?


July, 16 2024

Gold prices soared on Tuesday in Asian trading, approaching the highest levels. The growth was triggered by expectations of a reduction in interest rates by the Fed in September.  Spot gold rose 0.2% to $2,427.77 per ounce, while gold futures with an expiration date in August rose 0.1% to $2,432.30 per ounce.Weak inflation data and dovish signals from the Fed are fueling investor confidence in an imminent rate cut. Traders have almost completely ruled out the possibility of keeping rat... Read More

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UK and UAE discuss energy cooperation


March, 16 2022

British Prime Minister Boris Johnson and Crown Prince of the United Arab Emirates (UAE) Mohammed... Read More

US retail sales growth slowed to 0.3% in February


March, 16 2022

According to the US Department of Commerce, retail sales in February increased by 0.3% compared to... Read More

The IEA expects an accelerated world abandonment of oil


March, 16 2022

The International Energy Agency (IEA) expects an acceleration of the world's withdrawal from oil in... Read More

Economist named three signs of the end of dollar dominance


March, 16 2022

Economist Henrik Müller said that the US dollar may lose its status as the world's main currency. ... Read More

US Fed may raise interest rates by 25 basis points for the first time since 2018


March, 15 2022

Economists say it is critical for the US Fed to raise rates and steadily tighten monetary... Read More

US stock indexes rise on industrial inflation data


March, 15 2022

The main US stock indexes are rising on Tuesday after the release of data on industrial inflation... Read More

China's digital yuan may challenge the dollar


March, 15 2022

China is currently making great strides in implementing its central bank's national digital... Read More

Oil continues to decline


March, 15 2022

Oil prices continue to decline after a sharp jump to multi-year highs in the region of $130 per... Read More

Japan intends to reduce dependence on energy supplies from Russia


March, 15 2022

Japan's Minister of Economy, Trade and Industry Koichi Hagiuda said that the country is trying to... Read More

India and Russia may switch to alternative currencies


March, 14 2022

India and Russia are considering the possibility of creating a mechanism for trade settlements in... Read More

Oil started to decline at the beginning of a new trading week


March, 14 2022

On Monday, the price of oil continued the decline, which began last week: the current Brent quote... Read More

Gold is getting cheaper as international tensions decrease


March, 11 2022

At the end of the week, gold shows a decline of more than 1% amid the weakening of geopolitical... Read More

The European Union is preparing to join its ranks with new countries


March, 11 2022

The heads of the EU countries instructed the European Commission to prepare conclusions on the... Read More

Inflation in the US has updated the maximum in 40 years


March, 10 2022

According to the US Department of Labor, annual inflation in the country accelerated to 7.9% in... Read More

The ECB has kept the base rate at zero


March, 10 2022

At a meeting on Thursday, the Governing Council of the European Central Bank (ECB) kept the... Read More

Venezuela intends to double oil production in 2022


March, 10 2022

Venezuela's national energy company Petróleos de Venezuela SA (PDVSA) has announced that it intends ... Read More

Bitcoin jumped by 8?ter the statement of the US Treasury


March, 09 2022

Bitcoin and other cryptocurrencies jumped sharply in price after details of the executive order of... Read More

Brent rose to $131 per barrel amid US ban on imports from Russia


March, 09 2022

On Wednesday morning, oil prices accelerated their growth after the White House administration... Read More

Canada offered the world its oil instead of Russian


March, 07 2022

The authorities of the Canadian province of Alberta offered to supply the United States and the... Read More

Oil rose to a record $139 per barrel


March, 07 2022

On Monday, Brent crude briefly rose to its highest level since 2008, reaching almost $140 per... Read More

The price of gas in Europe has reached $3500 per thousand cubic meters


March, 07 2022

The spot price of gas in Europe on Monday morning reached another historic high and exceeded the... Read More

S&P Dow Jones Indices will exclude shares of Russian companies from the main indexes


March, 05 2022

Index provider S&P Dow Jones Indices announced that from March 9, shares of Russian issuers... Read More

Oil prices showed a record increase in a week


March, 05 2022

Last week, oil prices showed the largest weekly increase since mid-2020. Yesterday, Brent futures... Read More

World food prices reached a record high in February


March, 05 2022

According to the Food and Agriculture Organization of the United Nations, world food prices in... Read More

Nonfarm Payrolls: US Labor Market expanded much better than forecast


March, 04 2022

According to the US Department of Labor, the number of jobs in the non-agricultural sector of the... Read More

Brent rose to $118 per barrel for the first time in nine years


March, 03 2022

The oil market continues to grow, updating all new highs. Today, Brent oil quotes have reached the... Read More

The transit of Russian gas through Ukraine remains at a maximum


March, 03 2022

According to the operators of gas transmission systems (GTS), the transit of Russian gas through... Read More

Buyers are boycotting Russian oil, despite a huge discount


March, 02 2022

According to analysts, large oil buyers are boycotting Russian Urals oil because of the situation... Read More

Brent and WTI oil prices almost equaled above $109


March, 02 2022

On Wednesday morning, world oil prices continued to rise. At the same time, the cost of both... Read More

FC Barcelona will launch its cryptocurrency


March, 01 2022

The Spanish football club Barcelona intends to issue its own cryptocurrency in order to attract... Read More

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.