Forex Gump

The Organization of Petroleum Exporting Countries (OPEC) increased its oil production ceiling for the first time in three years. Why is it important, you ask? Read up and be enlightened young Padawan.

They say the holiday season is the most wonderful time of the year. Hah! Try explaining that to the 128,000 people that recently lost their jobs in the U.K.!

As expected, Big Ben and his men decided against making any monetary policy changes during the FOMC statement this week. Read on to find out what’s next for the Fed!

Thanks to the euro zone debt drama, EUR/USD is edging closer and closer to its 2011 low. Can it stay afloat, or will it drop all the way down?

The much-anticipated EU Summit is now over. Did European policymakers come up with something new? Or did we get the same old, boring proposals that we’ve already gotten before?

Let’s take a break from all the gloom and doom talks from the euro zone and discuss some bit of good news from China. Earlier this week, it was reported that the country’s CPI plunged to its lowest level in 14 months and it has gotten everyone talking about further easing from the PBOC!

In a surprising turn of events, Mario Draghi, the new ECB President, announced on Thursday that they have decided to cut rates by 25 percentage points. While some market participants already expected Draghi to reverse former ECB President Trichet’s monetary policy, they did not expect what came with it…

Your days of guessing whether the Fed will cut, hike, or hold interest rates steady may soon be over! Well, that is if Fed member Janet Yellen has her way. The word on the grapevine is that she’s trying to get the Fed to forecast its very own interest rates!

We’re down to the last few hours before the EU Summit! With concerns on the outcome of the meeting dominating the newswires lately, it’s hard for traders not to speculate on it. Here are two themes that are most likely to come up at the highly anticipated summit.

Yesterday, the RBA and the BoC went head to head as they both made their last interest rate decisions for the year. One of these central banks decided to take the plunge and cut rates, while the other stood its ground and kept its rates steady.