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 full details of “phase 1” of the U.S.-Sino won’t be released until Wednesday, but some details have been released to the press.
According to data released by the British government, economic growth reached its slowest pace since June 2012.
The Pound Sterling came under heavy pressure against the greenback and Euro after a policymaker from the Bank of England confirmed he was in favor of an imminent rate cut.
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After a week of focusing their attention on the tensions between the United States and Iran, traders and analysts around the world have shifted their attention back to the trade war
Tensions between the United States and Iran seem to be easing back which has resulted in safe haven currencies taking a back seat to higher risk assets.
The Pound Sterling came under heavy pressure and fell close to a 2-week trough versus the greenback after the Mark Carney, the Governor of the Bank of England
The Chinese Commerce Ministry officially announced that the Chinese Vice Premier Liu He will travel to the United States next week in order to sign phase one of the trade deal.
Asian stock markets were broadly higher on Thursday afternoon, reversing two days of a downtrend earlier this week as fears of a war between the United States and Iran eased.
The Pound Sterling drifted higher during trade on Wednesday as higher risk assets recovered from earlier losses on the market's belief
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The ECB's governing council member Klaas Knot spoke about the possibility of a hard Brexit, saying that there wouldn't be a difference between a no-deal Brexit on the 31st of January and one at the end of the year.
Global markets were searching for direction on Wednesday after Iran launched several missile attacks on American forces in Iraq.
Safe haven currencies eased back from earlier highs but FX traders remain wary that an armed conflict could soon break out between Iran and the United States.
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According to data published by Eurostat, the Eurozone inflation levels accelerated in December, followed by higher retail sales than expected, signaling an increasing household demand.
Asian stock markets were broadly higher on Tuesday after reports that the recent tensions in the Middle East were tapering off and the threat of Iranian retaliation against the United States had abated.
In the first full trading week of the new year, the Pound Sterling rebounded during London trade, helped by an upwardly revised business survey.