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 edged lower and hit a 2-week trough versus the US Dollar.
U.S. WTI prices were unchanged as of 1:08 p.m. HK/SIN as oil prices struggled to maintain prices near the 2014 highs they hit last week.
Here are some market-moving events to look for in the week ahead.
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This week will see a relatively full news agenda, with central bank input expected from the European Central Bank and the Bank of Japan.
The Pound Sterling remained close to a 2-week trough versus the US Dollar after the head of the Bank of England dampened investors’ expectations of a May rate hike.
The Pound Sterling moved lower against the US Dollar after the latest data increased investor uncertainty on possible rate increases from the Bank of England.
Oil prices continued to surge on Thursday after Saudi Arabia announced on Wednesday that it will be happy to see prices hit between $80 and $100 per barrel.
The Pound Sterling earlier hit a 4-day trough against the US Dollar after the unexpected release of inflation data which failed to meet analysts’ expectations.
Oil prices were broadly higher on Wednesday, supported by a decrease in U.S. inventories and continued concerns about geopolitical tensions which could interrupt supply.
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Perhaps the largest feather in U.S. President Donald Trump’s “hat” is the tax reform bill that was passed late in 2017.
Earlier during Tuesday trade in London, the Pound Sterling had hit a 22-month high.
Stock markets edged higher on Tuesday as the dollar remained stable as earnings season began in earnest and mixed data out of China brought tempered optimism.
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Sign up to get the latest market updates and free signals directly to your inbox.The Pound Sterling edged higher against the US Dollar with FX traders focused on the latest data which could help raise expectations of another imminent rate hike from the Bank of England.
Asian markets were trading mixed to start the week as traders eyed U.S. earnings season which is set to begin in earnest this week.
This week will see a somewhat lighter news agenda than last week, with central bank input expected from Canada and Australia.