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
It’s not a summer slump that’s keeping volatility low, it’s the upcoming address by Federal Reserve Chairman Jerome Powell to the U.S. Congress that has traders on edge.
The common currency Euro slipped to a 3-week trough versus the US Dollar as FX traders reevaluate their expectations regarding a possible Federal Reserve rate cut later this month.
Croatia is asking to join the European Exchange Rate Mechanism (known also as ERM II), a move that was welcomed by the different European finance ministers.
Gold prices fell on Tuesday morning as traders remained concerned that the U.S. Federal Reserve would not cut interest rates this month as originally expected.
A new era in Greek politics is beginning today with the victory and swearing-in of a new prime minister from the center-right New Democracy party, the party’s first win since Greece withdrew from a bailout regime last year.
The Former Brexit Chief Philip Rycroft warned against a no-deal Brexit outcome, adding that such an outcome would be “fraught with risk.”
Asian benchmarks were broadly lower on Monday morning as new fears about the U.S. Federal Reserve’s plans to cut interest rates shook the global markets.
This week is likely to see a similar amount of market activity to last week, with important central bank input due concerning only U.S. and Canadian Dollars. There will also be releases of important British and U.S economic data.
The Fourth of July fell out on a Thursday this year, which means that despite a national holiday, traders have kept their focus on the non-farm payroll report that will be released on Friday.
Bonuses & Promotions
Only a few days after a meeting between North Korean and U.S. leaders, North Korea has attacked the United States as being “hell-bent on hostile acts” and “obsessed with sanctions.”
The European Commission vice-president said on Monday that the Eurozone should commit to climate neutrality by 2050.
Wall Street benchmarks rallied on Wednesday, boosted to fresh record highs by renewed optimism that the Federal Reserve will lower interest rates as early as this month after economic data releases that were weaker than analysts predicted.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Losses for the Pound Sterling were extended in London trade where Sterling hit a 2-week trough versus the greenback.
Despite being a contested decision, the European Union leaders decided to nominate the International Monetary Fund director Christine Lagard to succeed the European Central Bank head Mario Draghi at the end of October this year.
Asian benchmarks were broadly lower to start the day on Wednesday despite the continuing run on Wall Street that saw all three benchmark indexes close higher on Tuesday.