FXCM Research Team

FXCM Research Team

FXCM Research Team consists of a number of FXCM's Market and Product Specialists.

Articles published by FXCM Research Team generally have numerous contributors and aim to provide general Educational and Informative content on Market News and Products.

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  • Discount Window

    What Is A Discount Window? The discount window is the mechanism through which central banks lend short-term money to the commercial banks under their authority, both to provide liquidity to the financial system and to manage their monetary policies. In the U.S., commercial banks—both based in the country and foreign-based—can borrow from the discount window at the 12 regional Federal Reserve Banks located around the country. Each of the 12…

  • Australian Banking System

    The Australian financial system is regulated by the Australian Prudential Regulation Authority (APRA), which oversees "authorised deposit-taking institutions" such as banks, building societies and credit unions. It also regulates insurance companies and "superannuation," or pension, funds. APRA was created by the Australian government on 1 July 1998. The agency is tasked with "maintaining the safety and soundness of financial institutions, so that the community can have confidence that they will…

  • ZARUSD Currency Pair

    ZARUSD Currency Pair The rand (ZAR) has been the official currency of South Africa since 1961 when the country first became a republic. As the biggest US trade partner in Africa, in 2018 South Africa traded a dual value of US$14 billion. United States is the third-largest trading partner to South Africa, and a dual bilateral trade agreement has been in existence since 1994. History Of ZARUSD In 1789 the…

  • What Is An Economic Depression?

    Market observers have repeatedly thrown around the word "depression" to describe a severe economic downturn. However, when it comes to pinning down a specific definition of this term, there is no consensus. This article will explore the aforementioned concerns, reviewing varying definitions and the different ways to measure the severity of a downturn. What Is The Difference Between A Depression And A Recession? One good way to explain a depression…

  • How Does A Recession Impact Interest Rates?

    During periods of economic expansion and contraction, interest rates are key components of the prevailing dynamic. They either directly or indirectly impact many facets of lending, business development and consumption. Accordingly, central banking authorities such as the United States Federal Reserve (FED), Reserve Bank of Australia (RBA) and European Central Bank (ECB) are tasked with regulating interest rates, thereby promoting pricing stability. Interest Rate Valuations An interest rate is the…

  • Are Eskom’s Troubles Impacting The South African Economy?

    Eskom is a 100% state-owned electricity company that provides energy to greater South Africa (SA). Featuring 30 power plants and a nominal generating capacity of 44,172 megawatts (MW), Eskom services 6.2 million direct customers. Given its massive size and government-sponsored status, the utility conglomerate is the backbone of South Africa's energy infrastructure. Unfortunately for the country's economy, Eskom has fallen on hard times. Widespread corruption, rising operational costs and staggering…

  • How Does COVID-19 Pandemic Affect Emerging Market Currencies?

    Throughout the COVID-19 pandemic of 2020, emerging market (EM) currencies faced a collection of unprecedented challenges. As a result, many EM currencies experienced a swift devaluation due to falling commodity prices and a large-scale migration to financial safe-havens. Although renowned for their volatility, these currencies encountered extreme forex turbulence as COVID-19 brought the global economy to a standstill. What Is An Emerging Market Currency? An EM currency is one that…

  • How Does COVID-19 Impact Gold Prices?

    During periods of crisis, gold has proven to be a time-honored safe-haven asset. Scarcity and built-in utility have made the yellow metal a sought after commodity throughout recorded human history. Whether in physical or paper form, gold bullion is the world's go to financial hedge against uncertainty. Gold's validity as a financial safe-haven underwent a formidable test during the novel coronavirus (COVID-19) pandemic of 2020. Traders, investors, central banks and…

  • A Guide To COVID-19 Stimulus Packages

    In response to the COVID-19 pandemic and ensuing economic chaos, governments and central banks around the world have created and rolled out dozens of financial rescue and economic stimulus plans to shield individuals and businesses affected by the lockdown in response to the coronavirus pandemic. Below, you can find links to our guides covering major countries' responses to the pandemic, both by the governments and their central banks. We will…

  • How COVID-19 Pandemic Caused A Global Recession

    What Is A Recession? When a country's economy grows, its citizens benefit as the value of services and goods increases—namely the gross domestic product (GDP). By contrast, when a country faces a period of economic decline there is a marked reduction of trade and industrial production. When this happens across two quarters, the overall GDP declines, and the economy is said to be in a recession. History Of Global Recessions…

  • How World Events Impact The Japanese Yen

    Established as the official currency of Japan by the Meiji government in 1871, the yen (ISO code: JPY ¥) is the third-most used currency in the world. With a long history of zero interest rates and little effect on the stimulation of the economy, the yen has been the world's biggest investor, and the preferred Asian reserve currency for decades. In the Japanese Edo era, a central bank had not…

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