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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German industrial production surged in October after gaining 3.2 percent (month-on-month).
S&P 500, Nikkei 225, KOSPI Hit All-Time Highs; U.S. Dollar Trends Weaker; EUR, AUD, and NZD Hit 2-Year Highs.
The common currency is on track to record its best week in the past month, moving past key resistance levels as FX traders count on further declines in the greenback.
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While the pound sterling held above the $1.34 level as a result of weakness in the greenback, derivative markets suggest that market players have serious doubts regarding a Brexit deal occurring before the end-of-year deadline.
IHS Markit’s final Service Purchasing Managers’ Index (PMI) for Germany signaled a contraction in the services sector, mostly linked to the second lockdown that the government implemented to stop the spread of COVID-19.
S&P 500, Nikkei 225, KOSPI Hit All-Time Highs; U.S. Dollar Trends Weaker; EUR, AUD, and NZD Hit 2-Year Highs.
The US dollar edged away from a 2½ year trough during London trade on Wednesday as Forex traders gauge the likelihood of another stimulus package being approved in the US.
The German Federal Statistical Office reported that retail sales rose higher than expected in October, gaining 8.2 percent (year-on-year) after being at 6.5 percent in the previous month, and surpassing expectations of a 5.9 percent surge.
Bitcoin, S&P 500, Nikkei 225, KOSPI Hit All-Time Highs; U.S. Dollar Trends Weaker; EUR/USD Breaks 1.2000 at 2-Year High.
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Market optimism for a Brexit deal in its last month of negotiations has helped to push the GBP/USD across the $1.34 level for the first time this quarter.
British Minister of the Cabinet Office Michael Gove announced that Brexit trade talks are currently stuck because the European Union is asking for too much.
Bitcoin, Nikkei 225 Index Hit All-Time Highs; U.S. Dollar Weakens Again; EUR/USD Rejects 1.2000.
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FX traders still have high hopes that a Brexit deal can be reached in the very near term.
China's Federation of Logistics and Purchasing recently reported that the official non-manufacturing PMI for November stood at 56.4, signaling an expansion of the non-manufacturing sector.
Gold Hits 4-Month Low; U.S. Dollar Weaker Across the Board; Stocks Dip During Asian Session.