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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All three of Wall Street’s benchmark indexes closed lower on Tuesday after seeing significant spikes during the New York trading session
Forex Updates for April 8: Despite the gloomy global economic outlook, stock markets (especially in the U.S.A.) are still rising, and other risky assets have also been boosted.
The Pound Sterling gained against major rivals during London trade on Tuesday after a rebound in riskier assets encouraged Dollar selling.
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Russia just confirmed its participation in the OPEC+ meeting that is taking place on April 9.
The U.S. dollar eased against the Japanese yen and its other major currency partners on Tuesday afternoon in Asia
April 7: Despite the gloomy global economic outlook, stock markets (especially in the U.S.A.) rose strongly yesterday, and other risky assets were also boosted.
The Pound Sterling recovered in the overnight trading against the US Dollar on news that the Prime Minister was likely to shortly be returning to office.
German Factory Orders went down in February according to data released by the Federal Statistics Office.
Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts, Kirill Dmitriev, the CEO of Russia’s sovereign wealth fund Russian Direct Investment Fund (RDIF), said
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April 6: World stock markets, despite the bad news, having been rising since this week’s open, after falling last week. However, many analysts believe stocks remain vulnerable to further sharp falls as the economic damage of the pandemic mounts.
The US Dollar is on track to record a 2% rise for the week, helped by a rise in oil prices and the move to safe-haven assets in the fallout from the panic stemming from the Coronavirus spread.
The European Commission called for implementing a package of measures to face the economic consequences of the expansion of the Coronavirus epidemic.
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The US Dollar was able to maintain upward momentum and firmed during London trade on Thursday.
U.S. President Donald Trump announced late on Wednesday that he expects the oil price war between Russia and Saudi Arabia to end within a “few days,”
Thursday April 2: The key factor in markets today will likely be how the U.S. stock market behaves when New York opens, as well as the U.S. unemployment claims data due later.