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 Federal Reserve's surprise policy announcement of last week is still giving FX traders reason for concern.
Bitcoin gained 3.53% against the US dollar yesterday, gaining ground for the second consecutive day and closing the session at the 33,703.0 level.
S&P 500 Futures Trading Near Record High; WTI Crude Oil Breaches $74; Cryptocurrencies Falling Again.
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Sterling's positive momentum continues to gain speed with the currency touching a 2½-month peak against the euro.
The Bank of Japan released its monetary policy minutes recently, which stated that the Bank's board members think that massive global stimulus measures will aid the recovery of the local economy.
S&P 500 Futures Trading Near Record High; Bitcoin Recovers After Breaching $30k.
As the entire crypto sector’s market cap continues to plummet, the two major cryptocurrencies Bitcoin and Ethereum are poised to crash through major support levels, which is likely to lead to another sharp drop of up to 50%.
Volatility is the order of the day within the stock markets today as the Dow Jones Industrial Average begins a sudden recovery from what is being heralded as its worst week since October last year.
Federal Reserve Bank of New York President John Williams commented recently that the United States economy is not yet ready for the Fed to change its loose monetary policy stance, despite the economic outlook improving significantly due to COVID-19 containment efforts.
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Stock Markets Rebound Sharply; WTI Crude Oil Hits New 2.5-Year High; Cryptocurrencies Falling.
Apparently, the recent surge in COVID-19 cases, which pushed the state of Victoria to impose a lockdown, ended up affecting demand.
“Reflation Trade” Unwinds; U.S. 30-Year Yield Hits 3-Month Low; Cryptocurrencies Near “Death Crosses”.
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Sign up to get the latest market updates and free signals directly to your inbox.News that the Fed intends to rein in its current ultra loose monetary policy sooner than anticipated has pushed the greenback to a 2-month high.
Recently, the Swiss National Bank announced its decision to leave cash rates unchanged in the negative territory of -0.75%, a decision that was in line with analysts' expectations.
The US Federal Reserve yesterday raised its forecasts for inflation and the pace of rate hikes, sending stock markets lower and the U.S. dollar higher.