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.
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The Pound Sterling steadied against its US counterpart after an unexpectedly improved manufacturing survey showed an increase in output
Yesterday, oil markets moved backwards giving up part of yesterday's gains, in light of the possible return of Lybian production and the advance of the Covid-19
Gold trades at $1786 per ounce; Stocks weaken somewhat; U.S. Dollar strong
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The Pound Sterling was broadly lower in London trading on Tuesday as FX traders await news of the government's plans regarding infrastructural spending given the latest growth data.
Yesterday, oil markets recovered after two consecutive days of losses, as demand for crude recovers and despite the fears for a second wave of the coronavirus.
Stock markets rise shrugging off coronavirus fears; Fed’s Powell warns of “extraordinary uncertainty”; Gold stays strong
During London trade on Monday, the Pound Sterling remained within striking distance of the recently struck 1-month trough after the Prime Minister hinted that it was his strong intent to increase investment in public infrastructure as an attempt to recover from the hard-hit economy which is struggling in the wake of the Coronavirus pandemic.
This week, the oil markets remained in the negative territory, as fears for a second wave of the corona-virus surged given the increase of cases in certain places.
Stock markets falling as new cases climb strongly in U.S.; 10 million cases, Half a million deaths; Gold hits new 8-year high; Forex seeing short-term risk recovery as week begins
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The U.S. struggled on Friday afternoon in Asia, trading around 97.35 as of 1:58 p.m. HK/SIN. The greenback fell against the yen,
The Pound Sterling made some headway during the London trade on Thursday after a run lower in the previous session.
Yesterday oil markets tumbled, as the surge in coronavirus cases in the United States increased the fears for a lack of crude demand.
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Stock markets down as new cases climb in the U.S.; Gold hits new 8-year high; U.S. Dollar and treasuries strengthen
The greenback was able to gain some ground during early Wednesday trade in London after having suffered two consecutive days of losses.
Yesterday, US stock markets closed on the positive territory after the market learned that the US manufacturing sector contraction was milder than the previous month’s.