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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Shares of Apple stock (AAPL) closed up 4.6 percent on Thursday after the company announced a 4 to 1 stock split at the end of August which will allow investors to purchase shares of the tech giant for near $100 per share.
The U.S. dollar hit a two-year low on Wednesday, following the Federal Reserve's announcement that it will leave interest rates stable near zero.
Oil prices ended the session in the positive territory yesterday after the Energy Information Administration reported the biggest American crude oil supply decline since the year began.
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U.S. Federal Reserve Concerned Over Coronavirus Impact; Markets Move Little; Stocks Mixed; U.S. Dollar Slightly Stronger
Gold prices have been rising steadily in recent weeks, with the price of the precious metal sitting at $1,950.60 per ounce as of 6:59 a.m. EST, a 0.309 percent gain on the day.
Yesterday, the oil markets dropped on fears for a fall in demand and even after the publication of the United States supply data.
Gold and Silver retreat from highs; Japanese Yen & U.S. Treasuries Strong; Stocks Down
The US Dollar recovered from a recently struck 2-year trough ahead of an upcoming policy meeting of the US Federal Reserve.
Yesterday, the oil markets recovered, boosted by the Republican coronavirus plan release and despite the advance of the pandemic.
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Gold and Silver hit record highs; U.S. Dollar drop continues; Euro advances to new high
For lack of a driver for its own impetus, the Pound Sterling was given support by a US Dollar that has broadly weakened in recent days.
Yesterday, oil prices were mixed in light of the worsening Sino-U.S. diplomatic relationship.
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The US Dollar Index struck a 2-year trough as concerns grow that the US economy will be unable to overcome what seems to be the inevitable resurgence of Coronavirus cases.
The US Dollar fell out of favor with FX traders during London trading on Thursday.