FX.co ★ Forex Humor. A look at the Forex market with Humor
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EU losses rise by €21bn in just one week amid Hormuz crisis and expensive gas
The European Union’s total financial losses from the rapid rally in energy prices from January through the end of October have reached an enormous €127 billion, European Commission President Ursula...
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Costly fossil purchases undermine Europe’s energy security and competitiveness
European countries that are rapidly expanding purchases of conventional hydrocarbons amid global instability risk importing systemic crises and shocks along with the fuel, European Commission President Ursula von der Leyen...
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Ruble posts world’s second‑strongest gain against USD in October
The Russian ruble posted one of the strongest performances in global foreign exchange markets in October, finishing as the world’s second‑best‑performing currency against the US dollar. Calculations by RIA Novosti...
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Inflation in Switzerland beats central bank’s forecast
Consumer inflation in Switzerland spiked in October to its highest level in almost three years, reaching 1.5% year‑on‑year versus 1.0% in September, Bloomberg reports, citing data from the Federal Statistical...
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Apple reclaims title of world’s most valuable company, overtaking Nvidia
Apple has retaken the crown as the world’s most valuable publicly traded company, surpassing chip‑and‑GPU maker Nvidia by market capitalization. Bloomberg data shows that by the end of October...
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AI boom pumps cash into Taiwan and Korea, China lags behind
Taiwan and South Korea have emerged as the principal beneficiaries of Asia’s artificial intelligence boom. Bank of America estimates show that global demand for AI technologies is turbocharging business activity...
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WSJ: Washington pushes transit scheme through Ukraine to relieve EU gas shortage
The US administration is advancing a plan to resume supplies of Russian pipeline gas to Europe via transit through Ukraine. The scheme, reported by the Wall Street Journal, envisages selling...
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Deutsche Bank: USD loses safe‑haven status as it moves with tech routs
The US dollar no longer shelters investors from market storms. Deutsche Bank estimates that the American currency has lost its safe‑haven status in the age of artificial intelligence. Now, during...
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Euro posts worst month against sterling since 2022 amid France turmoil
The euro slid by more than 2% against the British pound in October, marking its worst monthly performance since July 2022. The primary driver was the sharp contrast between...
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London weighs regulatory framework for tokenized gold
The London Bullion Market Association has formally backed the idea of tokenizing gold, pitching the initiative as a way to boost the efficiency of using physical bars as collateral...
