Forex Factory

Forex Factory LLC is a news website focused on providing forex market updates and analysis. The site covers various topics related to currencies, commodities, indices, and bonds. It features articles from multiple authors who provide their perspectives on the latest financial developments. The site also offers a platform for traders to access real-time quotes, charts, and trading tools.

87%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

92%

Examples:

  • The articles show a tendency towards reporting news without any significant slant.

Conflicts of Interest

95%

Examples:

  • The site is owned by Gain Capital UK Limited which is also the parent company of Forex.com, an online forex broker.

Contradictions

85%

Examples:

  • An article contains a link that leads to a contradictory statement from another source.

Deceptions

75%

Examples:

  • Some articles use sensationalist headlines that may mislead readers into thinking they cover more significant events than they actually do.

Recent Articles

  • China's Central Bank Intervenes in Bond Market to Stabilize Exchange Rate and Economic Expectations

    China's Central Bank Intervenes in Bond Market to Stabilize Exchange Rate and Economic Expectations

    Broke On: Saturday, 13 July 2024 China's central bank, the People's Bank of China (PBOC), aims to stabilize exchange rate and economic expectations by intervening in the bond market. Traders set red lines for 10- and 30-year yields, expecting PBOC intervention at 2.25% and 2.45% respectively. The central bank plans to conduct bond repurchase operations, while financial institutions buy Chinese government bonds indicating expectations of lower interest rates.
  • US Crude Oil Inventories Decline by 12.157 Million Barrels: EIA Report

    US Crude Oil Inventories Decline by 12.157 Million Barrels: EIA Report

    Broke On: Wednesday, 03 July 2024 US crude oil inventories decreased by 12.157 million barrels in the week ending June 28, according to the EIA, with gasoline and distillate stocks also declining. The inventory draw and geopolitical tensions contributed to a rise in crude oil prices to $83.21.
  • Fed Chair Powell Calls for More Evidence of Inflation Easing Before Rate Cuts

    Fed Chair Powell Calls for More Evidence of Inflation Easing Before Rate Cuts

    Broke On: Wednesday, 03 April 2024 Federal Reserve Chair Jerome Powell spoke to the Stanford Business, Government and Society forum on Wednesday. He emphasized that more evidence is needed before cutting interest rates, despite indicating earlier this year that lowering them was likely. The Fed held interest rates steady in its last meeting but has not ruled out rate cuts later this year. Inflation has cooled significantly in recent months and the labor market remains resilient, leading some to question whether rate cuts are necessary at all.
  • Fed Proposes Increased Capital Requirements for Banks, Faces Opposition from Various Groups and Individuals

    Fed Proposes Increased Capital Requirements for Banks, Faces Opposition from Various Groups and Individuals

    Broke On: Friday, 19 January 2024 The Federal Reserve is proposing to increase capital requirements for banks, including both large and small financial institutions. This plan aims to raise the amount of cash-like assets that banks have to hold in order to tide them over during an emergency, potentially preventing a taxpayer-funded bailout like the one seen in 2008. However, this proposal is facing opposition from various groups and individuals who argue it will harm economic growth by making banks less competitive and restricting lending. The Fed has yet to finalize its proposal but may make significant changes based on feedback received during the public comment period.