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.
Most Recent
The European Central Bank board member Benoit Coeure said on Wednesday that the bank is ready to do what is necessary to keep the inflation levels near but below the 2% target.
The British Pound hit its lowest level recorded in twenty-seven months against the U.S. Dollar yesterday
The United Kingdom salaries rose according to recently published data by the Office for National Statistics, reaching its fastest growth pace in more than a decade.
Following the United States President statements yesterday, the Chinese claim that is misleading to claim that China needs to reach a deal with the U.S. because of their slowing down the economy, adding that the Chinese economic growth was "not bad".
Yesterday saw the U.S. stock market, as measured by the benchmark S&P 500 Index, close at the new all-time high price of 3014.30.
Aside from the release of relatively weak, although entirely predictable Chinese GDP data which appeared to have little to no impact upon markets, today is currently dominated by strength in the antipodean currencies, particularly the New Zealand Dollar.
The British Trade Secretary Liam Fox said on Monday that a post-Brexit trade agreement with the United States may take time as it's not possible to reach a deal before the Brexit happens.
China's second-quarter GDP went down to a 27-year minimum, due to a slowing down demand caused by the trade feud with the United States.
This week is likely to see a similar amount of market activity to last week, with no central bank input due except from the Reserve Bank of Australia.
Bonuses & Promotions
The US Dollar was mixed after moving broadly higher during the Asian trading on Friday when a knee-jerk reaction to yesterday's release of unexpectedly upbeat inflation data helped to shift investor sentiment.
Weakness in the US Dollar helped to push the Pound Sterling higher and allowed it to stabilize though FX traders remain extremely cautious about the outlook for Sterling.
The Conservative politician Boris Johnson, who is the favorite to succeed Theresa May, may work on a plan about how to deliver the Brexit together with several Key EU players.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Wednesday marked the first day of Federal Reserve Chairman Jerome Powell’s testimony to Congress, and analysts around the world paid close attention to everything he had to say.
The Pound Sterling continued to struggle and is still trading close to a 2-year trough despite unexpectedly improved growth data.
The British Labour Party leader Jeremy Corbyn, who is currently promoting remaining into the European Union, challenged the British conservative party to call for another referendum, as we approach the deadline.