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.
Most Recent
Global traders remained cautiously optimistic about the containment of the coronavirus despite the continually rising death toll on mainland China.
In London trading, the Pound Sterling continues to be pressured by a firmer greenback and earlier touched a 2½ month trough against the Dollar.
According to recent data, Chinese inflation hit its highest level in 8 years, at 5.4 percent in January after being at 4.9 percent in the previous month.
Top Forex Brokers
Sunday saw a record 97 deaths due to coronavirus on mainland China, but that didn’t stop employers from opening their doors after weeks of keeping workers at home.
As market players await news from the US Labor Department on January's private sector new jobs, the US Dollar moved higher against the Japanese Yen and approached a 2-week peak.
The Chinese government's pledge to ensure that the economy remains stable in the fall out of the Coronavirus outbreak there has helped to push the Aussie Dollar higher for the fourth consecutive day.
German factory orders fell unexpectedly signaling that the recession that made the economic growth to hit its lowest level since 2013 is far from over.
The Chinese government announced on Thursday that it will cut tariffs against more than 1700 US goods in half, in order to comply with what was agreed in "phase 1" of the trade deal.
An unexpectedly improved reading of the UK's January PMI for the services sector helped to boost the Pound Sterling during London trading on Wednesday.
Bonuses & Promotions
IHS Markit recently released its services and composite PMI data for the Eurozone. The data shows a firm but slower expansion in the Eurozone services sector
A record 65 people died in China from the coronavirus on Tuesday, but that didn’t send traders flocking towards safe haven assets as they had in the earlier days
Earlier today, upbeat data had helped to push the Pound higher, though analysts believe that it just a knee-jerk reaction.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
IHS Markit's UK Construction PMI went up to 48.4 last month, after being at 44.4 in December, showing a slower pace of contraction and a recovering sector.
Global stock markets were broadly higher on Tuesday afternoon in Asia as Chinese government officials worked hard to quell the panic that has been rising worldwide
The Pound Sterling was sharply lower during London trading on Monday after the Prime Minister set out what some are calling tough terms for the upcoming talks between the UK and EU.