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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The common currency Euro had earlier struck a fresh 5-week peak versus the US Dollar as concerns that a global trade war had been brewing now seem to be receding.
Global stock markets were broadly higher in Asia after the Wall Street Journal reported that the United States and China were “quietly” negotiating a potential trade deal
The Pound Sterling edged higher versus the US Dollar on a swing in sentiment in favor of a May rate hike from the Bank of England.
Asian shares were broadly lower on Monday, succumbing to another day of selloffs as traders continued to worry about the possibility of a trade war between the United States and China.
This week will see a lighter news agenda, with no major central bank input expected at all. The schedule will probably be dominated by GDP data releases for the U.S.A. and Canada.
The Japanese Yen moved higher against the US Dollar after the US President stoked investors’ fears of a brewing trade war.
In its first policy meeting since the induction of new chief Jerome Powell, the U.S. Federal Reserve met analysts’ expectations on Wednesday by raising interest rates and predicting at least two more interest rate hikes before the end of the year.
The Pound Sterling edged higher against the US Dollar after the latest labor data out of the UK helped improve sentiment for Cable.
The Federal Reserve’s two-day policy meeting will end later today, and traders worldwide are eagerly awaiting the central bank’s announcement, which is expected to include an interest rate hike and hints towards future hikes.
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The US Dollar moved higher and reversed some of Monday’s losses as FX traders await the outcome of the Federal Reserve policy meeting.
Oil prices extended their gains on Tuesday, boosted by continued tensions in Venezuela and renewed tensions between Iran and Saudi Arabia.
The US Dollar was higher against the Japanese Yen and the Australian Dollar during Monday trading in London.
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Sign up to get the latest market updates and free signals directly to your inbox.Oil prices started the week lower during Monday’s Asian session as investors remained concerned that the increase in U.S. production would lead to a new supply glut.
This week will see a heavier news agenda, with major central bank input expected from the U.S Federal Reserve, from the Bank of England, and from the Reserve Banks of Australia and New Zealand
The US Dollar Index continued to climb during the Asian trading session on Friday as investors’ concerns abated over a possible trade war induced by the Trump administration.