Bloomberg today unveiled First Word Foreign Exchange (FX) to provide customers actionable news, information and insights into the events affecting the global currency markets.
This specialty news product is the latest addition to Bloomberg's FX offering and news coverage.
Produced by a global team of currency market experts and journalists, First Word FX delivers 24-hour coverage of economic, geopolitical, currency-specific news in a concise, digestible format. This tailored design, based on input from FX market participants globally, provides Bloomberg subscribers with real-time insights to help them make faster, more informed investment decisions in today's volatile marketplace.
"First Word FX is perfect for anyone following or trading in the FX market," said Robert Savage, Chief Strategist at FX Concepts LLC. "We operate in a dynamic environment, and there is a constant flow of news and information. First Word FX distills the most important points to keep me informed and offers the in-depth analysis I need to understand the big picture. Bloomberg continues to be on the innovation edge in delivering FX and global macro news and analysis."
First Word FX complements the suite of FX functionality available on the Bloomberg Professional service, which includes news, data, pre- and post-trade analytics, execution platforms and communication tools, such as IB Dealing.
"Macroeconomic updates and currency moves are increasingly impacting the global marketplace, requiring market participants to quickly interpret and react to these events," said Tod Van Name, Bloomberg's Global Head of FX and Commodities. "First Word FX brings unique news and insights to our customers, helping them identify the drivers of individual currencies, while simultaneously monitoring the broader trends that impact the global markets."
The FX market averages $5.3 trillion in turnover daily, up more than a third in the past two years, according to the Bank for International Settlements (BIS).
First Word FX provides Bloomberg subscribers daily event previews, as well as country-specific insights through exclusive market summaries. First Word news products are also offered for the equity and fixed income markets and are accessible to all Bloomberg Professional service subscribers at FIRST.