Forex & Financial news and FxPro analytics

Wealthy countries have received the vast majority of the world’s supply of Covid-19 vaccine doses, while poor countries have obtained less than 1%, the World Health Organization said at a press briefing Friday. Of the 700 million vaccine doses that...

The International Monetary Fund has revised its growth forecast upward for the Middle East and North Africa region, as countries recover from the coronavirus crisis that began in 2020. Real GDP in the MENA region is now expected to grow...

Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance. Regulators opened a probe into the company’s monopolistic practices in December. The investigation’s main...

• GBPUSD reversed from key support level 1.3710 • Likely to rise to resistance level 1.3920 GBPUSD recently reversed up from the key support level 1.3710 (former resistance from January), strengthened by the lower daily Bollinger Band and by the...

• Facebook rising inside impulse waves (iii), 3 and (C). • Likely to reach resistance level 340.00 Facebook has been rising strongly in the last few trading sessions after the price broken the key round resistance level 300.00 (which stopped...

• Gold reversed from key resistance level 1757.00 • Likely to fall to support level 1720.00 Gold recently reversed down from the key resistance level 1757.00 (top of the previous wave (a)), intersecting with the upper daily Bollinger Band and...

• GBPCAD reversed from support level 1.7210 • Likely to reach resistance level 1.7420 GBPCAD recently reversed up sharply from the pivotal support level 1.7210 (which has been reversing the price from the start of January), strengthened by the lower...

• Wheat broke key resistance level 625.00 • Likely to reach resistance level 650.00 Wheat continues to rise inside the minor ABC corrective wave (ii) – which started earlier from the major round support level 600.00. The price earlier broke...

Economic data in Europe is very volatile and contradictory. Data was released at intervals of just a few hours, showing a dip in Germany’s industrial production and a reduction in foreign trade surplus, with robust retail sales in Italy. Against...

Controversy surrounds Signal’s recently announced MobileCoin integration, with users expressing concerns over ties between Signal’s founder and the cryptocurrency, opacity surrounding the coin’s issuance, and suspicious gains leading up to the partnership’s announcement. Signal is an encrypted messaging application that...

European stocks were subdued on Friday, but on course for their longest weekly winning streak in more than a year as hopes of a rapid recovery in economic growth offset doubts over the euro zone’s COVID-19 vaccination programme. The pan-European...

A digital pound must be at the heart of Britain’s efforts to strengthen the City of London’s global attraction as a financial centre after Brexit, think-tank CityUnited Project said on Friday. The finance ministry is due to set out proposals...