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.

Latest Economic News

What to expect from the Bank of Canada meeting today?


April, 21 2021

Today the Bank of Canada has to make a decision on monetary policy, and it will not be easy. On the one hand, the latest macro statistics for the country were very strong: the economy is actively creating jobs, consumer spending is growing, production activity is accelerating, and the housing market is showing buyers willingness to pay even more than sellers are asking for.Given these factors, the Central Bank of Canada should be confident and willing to wind down its bond buyback program. Howev...

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Wall Street declines, consolidating after record peaks


April, 19 2021

On Monday, the US stock market opened lower, consolidating in the absence of important economic... 

Why is the oil market growing?


April, 16 2021

The oil market continues to grow on Friday. Brent quotes reached $67.37 per barrel, WTI – $63,87. E... 

Iran raises production despite US sanctions


April, 15 2021

According to a report by the International Energy Agency (IEA), Iran has decided to increase oil... 

Christine Lagarde: Eurozone economy still needs help


April, 14 2021

In a speech on Wednesday, Christine Lagarde, President of the European Central Bank (ECB), said... 

The first blockchain operator was founded in Russia


April, 12 2021

The Moscow Exchange and members of the FinTech Association (AFT), which includes large Russian... 

Non-farm Payrolls report significantly exceeded expectations


April, 02 2021

Today, the US Department of Labor released a report Non-farm Payrolls, according to which, the... 

Owners of container ship Ever Given will pay about a billion dollars in fines


April, 01 2021

The manager of the Suez Canal, Osama Rabia, said that the financial losses from the blocking of the... 

ECB sees opportunity to launch digital euro by 2025


March, 31 2021

The head of the European Central Bank (ECB) Christine Lagarde said that the regulator could launch... 

Consumer Confidence in the US in March rose to its highest in a year


March, 30 2021

According to the analyst firm Conference Board, the consumer confidence index in the US in March... 

Experts believe that cars will rise in price because of the Suez Canal blocking


March, 26 2021

Experts believe that blocking the movement of ships through the Suez Canal will inevitably lead to... 

The backlog of vaccinations in the EU was estimated at 123 billion euros


March, 25 2021

Economists believe that the lag of the EU countries from the approved vaccination calendar against... 

Suez Canal blocked: 12% of world trade in question


March, 24 2021

One of the largest container ships in the world, owned by the Taiwanese company Evergreen Marine,... 

Bitcoin can rise to $300 thousand, but then – fall by 80-90%


March, 23 2021

Co-founder and former CEO of BTCC crypto exchange Bobby Lee said that today bitcoin is in a «bull ... 

German economy falls due to antivirus restrictions


March, 22 2021

The Bundesbank said today that the German economy is likely to contract sharply in the first... 

British currency falls on fears over AstraZeneca vaccine


March, 16 2021

The pound sterling declines against the euro and the dollar on Tuesday amid news of the suspension... 

Oil hits $70 maximum on strong data from China


March, 15 2021

Brent crude hit a high of $70 per barrel on Monday, boosted by data from China, which indicated a... 

Biden signs incentive package act


March, 12 2021

US President Joe Biden signed into law a $1.9 trillion stimulus package a day earlier than... 

ECB kept monetary policy unchanged


March, 11 2021

A meeting of the Board of Governors of the European Central Bank (ECB) took place today, following... 

Bitcoin capitalization exceeded $1 trillion again


March, 09 2021

In the morning trading session on Tuesday, bitcoin rose to $54348.57, reaching a 24-hour high. At... 

OPEC+ ministerial meeting outcomes


March, 05 2021

On Friday, Brent crude rose to $68.60 for the first time since January 2020. The prices were... 

Construction of Nord Stream 2 postponed until September


March, 04 2021

The construction of the Russian gas pipeline Nord Stream 2 was again postponed, this time for six... 

Gold falls in price on lower demand for «safe-haven» assets


March, 03 2021

On Wednesday, the price of gold declines against the background of investors leaving defensive... 

China's financial regulator announced a «bubble» in global stock markets


March, 02 2021

The China Banking and Insurance Supervision and Control Committee (CBIRC) said the rally in the US... 

Cardano takes the lead in cryptocurrency rally


March, 01 2021

Cryptocurrency Cardano last week renewed all-time highs and came in third after Bitcoin and... 

Germany has announced four options for the future «Nord Stream 2»


February, 26 2021

The German authorities have proposed four options for the future of the «Nord Stream 2» project in o... 

US stock exchanges decline after the release of statistics on the GDP


February, 25 2021

US stock exchanges are falling on Thursday after the release of statistics on GDP and the labor... 

German GDP in the IV quarter grew by 0.3%


February, 24 2021

According to the final data of the Federal Statistical Office of Germany, the country's GDP in the... 

Poland and Ukraine call on the US to «end» the construction of the Nord Stream-2


February, 22 2021

Foreign Ministers of Poland and Ukraine Zbigniew Rau and Dmitry Kuleba called on US President Joe... 

Bitcoin capitalization approached $1 trillion


February, 19 2021

The bitcoin rate continues to update historical highs, and the cryptocurrency capitalization is... 

The number of applications for unemployment benefits in the US rose worse than expected


February, 18 2021

According to the US Department of Labor, the number of initial claims for unemployment benefits for... 

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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.