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

The United States will allocate $7.86 billion to Intel for the development of the semiconductor industry


November, 26 2024

The administration of President Biden has approved the allocation of large funding to Intel in the amount of up to $7.86 billion. These funds, provided for by the Chips and Science Act, are aimed at supporting the development of the American semiconductor industry. The investment will be used to implement Intel's already planned production projects in Arizona, New Mexico, Ohio and Oregon.This funding complements Intel's previous $3 billion contract, which was awarded to the U.S. government to pr... Read More

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Great Britain is on the verge of a trade blockade


December, 23 2020

UK industrialists fear that the country could face the threat of a food crisis. In particular, the... Read More

Bank of England has kept the rate unchanged


December, 17 2020

The Bank of England at its meeting on Thursday kept its base interest rate at 0.1%, in line with... Read More

December 2020 US Federal Reserve meeting


December, 17 2020

The results of the last US Federal Reserve meeting this year were published yesterday evening.The... Read More

Bitcoin price has updated a new all-time high


December, 16 2020

The value of the most popular cryptocurrency, bitcoin, grows on Wednesday evening, exceeding the... Read More

Industrial production in the US in November grew better than forecast


December, 15 2020

According to the report of the US Federal Reserve System, industrial production in November... Read More

Crude Oil rises to eight-month high as OPEC + deal


December, 04 2020

Brent oil prices jumped to $49.86 per barrel after the announcement of the results of the OPEC +... Read More

Markets pending the outcome of the OPEC meeting


December, 03 2020

On Thursday, oil prices started to rise again to $48.50 per barrel. Brent is supported by the... Read More

Visa will issue the world's first cashback credit card in bitcoins


December, 02 2020

Visa is partnering with cryptocurrency startup BlockFi to release the world's first cashback credit... Read More

Labor Department published flawed estimates of weekly jobless claims


December, 01 2020

The US Government Accountability Office (GAO) drew attention to the inaccuracy of the weekly data... Read More

US exchanges are falling as part of the correction after a prolonged rise


November, 30 2020

Major US stock indices are declining on Monday in a correction, while remaining on track for their... Read More

Brent crude oil exceeded $49 for the first time since March


November, 26 2020

The price of January Brent oil futures rose above $ 49 per barrel for the first time since March 6,... Read More

US jobless claims unexpectedly rose over the week


November, 25 2020

According to the US Department of Labor, the number of initial applications for unemployment... Read More

The European market is growing after the release of strong statistics from Germany


November, 24 2020

The European stock market opened higher on Tuesday amid enthusiasm for progress in the coronavirus... Read More

Experts predict Europe «long years of pain»


November, 23 2020

Analyzing the current state of affairs in Europe, experts note that the growth of corporate debts... Read More

Germany invited the US to abandon sanctions on Nord Stream 2


November, 20 2020

The Eastern Committee of the German Economy appealed to the Speaker of the United States House of... Read More

For the first time since 2013, the euro surpasses the dollar in international payments


November, 19 2020

According to the SWIFT payment system*, the single European currency surpassed the US dollar in... Read More

Gold prices drop on news of coronavirus vaccine


November, 18 2020

Gold price is recovering weakly after a daily decline to $1,866.10 per troy ounce. The current gold... Read More

Asia created the world's largest trading block


November, 16 2020

Fifteen countries in the Asia-Pacific region on Sunday formed the world's largest free trade bloc... Read More

US lost status as China's largest trading partner


November, 13 2020

During his speech at the business summit, Premier of the State Council of the People's Republic of... Read More

The number of applications for unemployment benefits in the United States fell


November, 12 2020

According to the US Department of Labor, the number of Americans who filed initial applications for... Read More

OPEC downgrades forecast for fall in global oil demand in 2020


November, 11 2020

The Organization of the Petroleum Exporting Countries (OPEC) has once again lowered its forecast... Read More

Germany shared views on the future of Nord Stream 2


November, 10 2020

According to a statement from the Eastern Committee of the German Economy, an association uniting... Read More

OPEC+ deal parameters may be changed more than expected


November, 09 2020

The head of the Ministry of Energy of Saudi Arabia, Prince Abdel Aziz bin Salman, at the oil... Read More

Unemployment in the US in October fell to 6.9%


November, 06 2020

According to the US Department of Labor, the number of jobs in the economy in October increased by... Read More

Gold awaits US election results


November, 06 2020

The price of gold on Friday is growing moderately against the background of market participants'... Read More

Bank of England expands government bond buyback program to £ 875bn


November, 05 2020

Today a meeting of the Bank of England was held, following which the regulator kept the base... Read More

Expert: OPEC+ countries should postpone the softening of the deal from January of the new year


November, 03 2020

Anne-Louise Hittle, vice president of consulting firm Wood Mackenzie, said at the International... Read More

Oil prices fall amid new quarantine measures in Europe


November, 02 2020

World oil prices fell to $36 a barrel Monday morning on concerns over demand following the... Read More

US consumer sentiment index rose better than forecast


October, 30 2020

The Michigan Consumer Sentiment Index, which measures household confidence in the US economy, rose... Read More

Oil fell below $38 for the first time since June 1


October, 29 2020

Oil prices have been falling over the past few days due to COVID-19 risks and U.S. election... 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.