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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Nikkei 225 down by 0.44%; Positive Chinese Data Boosts Yuan
Ahead of an important vote on the Brexit, the Pound Sterling steadied against its two main rivals, the greenback and the Euro.
The Japanese Ministry of Economy, Trade, and Industry published its industrial production index, which showed a contraction of 15.5 percent in July (year-to-year), after dropping by 16.1 percent in the previous month.
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Nikkei 225 up by 0.7%; Record New Daily Coronavirus Cases Globally
The Euro touched a 1-week peak versus its US counterpart after the president of the European Central Bank commented that the central bank was merely monitoring the exchange rate and not using it a policy tool
In London trade on Thursday, the Euro gained ground against the greenback but currency strategists are wary of any potential move from the European Central Bank.
Yesterday, the oil markets rallied, recovering from a previous loss that was caused by the Saudi company Aramco's decision to cut its Arab light oil price.
S&P 500 up by 2%; NASDAQ 100 up by 1.4%; Nikkei 225 up by 0.7%
The Pound Sterling continues to fall against its US rival, striking a 6-week trough during Wednesday's trade in London.
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The National Bureau of Statistics of China published August's Consumer Price Index, a well-known proxy for inflation, which stood at 2.4 percent in yearly terms,
Major U.S. Indices Fall by Over 2%; Big Tech Leads the Sell-Off; Late Asian Session Sees Beginning of Recovery
The Pound Sterling struck a 2-week trough against the greenback during London trade on Tuesday, extending previous losses as concerns mount that a no-deal Brexit looks more and more likely.
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The Federal Statistical Office of Germany released its trade balance figure, which showed a surplus of 18 billion euros in July, way over the analysts' expectations who foresaw it to be at 16 billion, and after being at 14.5 billion in the previous month.
British Pound Hit on Brexit Trade Deal Fears; German DAX Gains More Than 2%; Japanese Nikkei 225 Index Firmer
Oil prices declined more than 1 percent on Monday after Saudi Arabia made the deepest monthly price cuts in five months.