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 British MP and Labour Party leader Jeremy Corbyn said that a snap general election would stop the Brexit Crisis.
There’s no question that analysts are concerned about the state of the U.S. economy.
This week is likely to see a similar or greater level of market activity compared to last week, with no central bank input due concerning the U.S. and Australian Dollars.
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The markets have been abuzz with recession talks and concerns since the 10-year and 2-year Treasury note yields briefly inverted on Wednesday.
Following months of both political and economic upheaval, Hong Kong’s government announced on Thursday it’s plan to implement an economic support package.
The British Labour Leader Jeremy Corbyn called the leaders of the opposition to back him as a future Prime Minister to stop a no-deal Brexit.
Analysts may be predicting that a recession is coming in the coming months, but traders took began to support that theory immediately, selling off stocks on a grand scale on Wednesday
Prior to the release of YK retail prices, housing and inflation data by the UK Office of National Statistics, the Pound Sterling had been trading close to a 3-year trough.
The former British Chancellor Phillip Hammond warned against a no-deal Brexit, ridiculing the idea that the UK would be better off in such a situation.
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After hitting a six-year high on Tuesday morning, gold prices retreated on news that the U.S. Trade Representative may delay tariffs on some Chinese imports.
Ongoing concerns over the possibility of a hard crash out of the European Union dominated sentiment for Pound Sterling traders.
The United States National Security Adviser John Bolton said that the US would propose a series of accelerated trade deals with the United Kingdom, adding that the US government supports a no-deal Brexit.
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The Pound Sterling eased back into positive territory against both the euro and the US Dollar, though analysts expect any gains to be limited and swiftly lose momentum.
The British Labour party is considering holding a no-confidence vote against the Prime Minister Boris Johnson.