The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
Bitcoin Makes New Record High Above $98,000; US Dollar Bounces Back; UK Inflation Ticks Higher; Gold Gaining Firmly After Bounce
UK inflation rose to 2.3% year-on-year in October, compared to 1.7% in September. This was higher than the market estimate of 2.2%. The main drivers of the gain were higher housing prices and the rise in the government’s energy cap
Canadian Median CPI up to 2.5%; Bitcoin Touches New Record High, Coils for Breakout; Stock Markets Higher; US Dollar Rally Gives Up More Gains
Bitcoin Consolidates Below $93k Again; Stock Markets Higher; US Dollar Gives Up Some Gains
Bitcoin Approaching $93k Again; Chinese Policy Support Gives Stocks Minor Bid; Bank of Japan Leaves Rate Hike Timing Open; US Dollar Consolidating
Bitcoin Reaches $93k; US Annualized Inflation Rises to 2.6% as Expected, Fed Members Worry Over Cuts; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs; Non-US Stocks Weak on Trump Fears
US inflation for October 2024 accelerated to 2.6% year-on-year, in line with expectations. Core inflation remains unchanged at 3.3%, and the US dollar climbed against the major currencies today.
US CPI Expected to Rise to 2.6%; Bitcoin Finally Hits $90,000 Before Retracing; All Major US Stock Market Indices Decline; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs ; Non-US Stocks at 3-Month Low on Trump Fears
Bitcoin Trades Near $90,000; All Major US Stock Market Indices Again Trade at Record Highs; US Dollar Gains, ‘Trump Trade’ Seen Driving Markets
Bitcoin Exceeds $80,000; All Major US Stock Market Indices Futures Trade at Record Highs; Public Holidays in USA, Canada, France
Bank of England (BoE) cuts key interest rate by 0.25%, with the British pound posting strong gains. The UK budget could complicate the BoE’s rate path.
US Federal Reserve, Bank of England Expected to Cut Rates by 0.25% Today; All Major US Stock Market Indices Trade at Record Highs, US Dollar Losing Bullish Momentum; Trump Projected to Win Popular Vote by 3.5% and All Swing States, Republicans to Win Senate; Bitcoin Retraces From Record High
Trump’s surprisingly emphatic victory in the US Presidential election campaign may change the fundamental outlook on the US stock market and the US Dollar, and generate a more bullish sentiment on US tech stocks.
Trump Projected to Win Popular Vote and All Swing States, Republicans to Win Senate; US Stock Markets, US Dollar Gain on Trump Win; Bitcoin Hits Record High
Polls universally show a statistical tie, while betting markets are a flawed political predictor due to participant bias, suggesting that we are in for a disputed Presidential election.
