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 US Dollar Index held near to a 3-year trough during Asian trading on Friday and is set to record the largest 1-week loss since May.
The Pound Sterling edged higher against the US Dollar and cemented recent gains as FX traders await next week’s earnings data to provide some fresh momentum.
Saudi Arabian Energy Minister Khalid al-Falih said on Wednesday that OPEC countries will be better served to keep the oil market tight than to abandon its production cuts.
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Asian stocks headed higher on Thursday, after Wall Street’s surge on Wednesday despite inflation data that indicated more interest rate hikes are looming.
The Pound Sterling struck a 5-week trough versus the common currency Euro as investors wait to hear what the British Foreign Secretary will have to say about the Brexit Process.
Investor concerns reared their heads once again on Wednesday in advance of U.S. inflation reports that will either contain the panic or fan the flames later today.
Oil prices retreated slightly on Tuesday, erasing gains made yesterday after fresh forecasts predicted that supply could surpass demand in 2018 despite OPEC’s best efforts to keep supply contained.
The Euro made some gains in Tuesday trading after improvement in the world’s equity markets compelled FX traders to move back to riskier investments.
Asian stocks were notably higher on Tuesday, taking cues from Wall Street which had another day of solid gains on Monday.
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The common currency Euro moved higher against the US Dollar after some recovery in risk averse sentiment had FX traders reversing Dollar bets.
Asian stock indexes were broadly higher on Monday as markets sought stability after last week’s unexpected volatility.
This week will see a very light news agenda, with no major central bank input, and a few data items of importance concerning primarily the U.S.A.
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Sign up to get the latest market updates and free signals directly to your inbox.The US Dollar Index struck a 2-week peak as FX traders seek out the Dollar’s relative safety while European equities are in distress.
According to the latest polls, the ongoing rally for the Pound Sterling is likely drawing to a close as mounting worries over the Brexit negotiations weigh more heavily.
Following Monday’s record-breaking fall by the U.S. stock market, which triggered a broader global sell-off, yesterday saw the market recover considerably