Economic News

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.

This Week News

Theresa May Set to Announce UK’s Move to Exit EU Single Market

January 17, 2017

UK Prime Minister Theresa May is scheduled to address the UK government today, wherein she is expected to outline her plans for the hard Brexit proce...

Sterling Hit Its Lows Against a basket of currencies since May’s Brexit Speech

January 17, 2017

The British pound slumped to a three-month low on Tuesday influenced by the speech of Prime Minister Theresa May that would change the European Union ...

New Zealand Business Confidence Remains Solid

January 17, 2017

For the months of October to December 2016, the state of the New Zealand economy kept an optimistic stance as the region’s construction projects thr...

Economic Assessment Shows a Moderate Growth of Japan’s Economy

January 16, 2017

The Bank of Japan economic assessment shows a positive outlook in its quarterly report on Monday. Three out of nine regions saying giving a moderate e...

Oil prices Amp Up as the Dollar Weakens

January 16, 2017

Oil prices edged higher as the dollar weaken and the expectations about Organization of the Petroleum Exporting Countries (OPEC) en masse with other p...

GBP Drops by 1.6% as Theresa May Preps for Hard Brexit

January 16, 2017

The sterling pound dropped by as much as 1.6% and has settled below $1.20 for the first time since October’s infamous flash crash following reports...

Short-term Economic Boost with Long-term Risks Under Trump’s Administration

January 13, 2017

The Federal Reserve publicized on Thursday that the planned fiscal and tax plans under Tump\s administration could boost the economy for short term wi...

China Exports Dropped in December

January 13, 2017

According to the official data released on Friday, the exports of world’s second biggest economy worsen trader’s expectation in December since the...

Oil Records Highest 6-Week Gains as KSA Cuts Back on Oil Production

January 13, 2017

Oil prices increased in value and has recorded its largest two-day gains within the six-week  mark as Saudi Arabia prepares to cutback on its oi...

Aggressive Rate Cut of Brazil Giving Positive Outlook to the Economy

January 12, 2017

The Central Bank of Brazil reduced its Selic rate benchmark abruptly in their attempt to boost the weak economy of the country as a result of the unan...

BOE’s Carney Reversed Warnings on Brexit Danger to UK

January 12, 2017

Brexit poses no risk at all towards the UK economy, BOE’s Governor Mark Carney told the Members of Parliament. The governor confirmed the perils abo...

USD Plummets, Stocks Rise as Trump Disappoints Market Anew

January 12, 2017

The USD weakened dramatically during the previous trading sessions while stocks surged in value following president-elect Donald Trump’s first pres...

Reduced Global Economic Growth Forecast of World Bank in 2017

January 11, 2017

    The global economic forecast from World bank decreased by 0.1 percentage point. Reports released on Wednesday stated the figur...

President Trump’s first news conference on January 11

January 11, 2017

After the victory of Donald Trump in the U.S election two months ago, the 45th American President will conduct his first news conference on January 11...

World Economy could Receive Boost from Tax Cuts, Says World Bank

January 11, 2017

The World Bank has stated that Trump’s proposed tax cuts and other spending policies could possibly help in boosting the global economy in spite of...

$11 Billion Growth of Local Economic Forecast on L.A. Olympic 2024

January 10, 2017

Host of the next Olympic games is expected to increase its local economic output as much as $11.2 billion and generate over 74,000 full-time jobs. Mos...

Pound Dropped due to May’s Brexit Remarks

January 10, 2017

The British currency declined by 1% and fell sharply to its two-month low versus other major pairs due to the commentary made by Prime Minister Theres...

USD Surges as Traders Boost Odds for Interest Rate Hike in March

January 10, 2017

The US dollar surged in value against the Japanese yen and remained just above 117.00 points for the duration of the Asian trading session after a se...

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