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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Gold rose on Friday ahead of a closely watched U.S. jobs report and the metal was set to post its first gain in four weeks thanks to safe-haven bids amid political uncertainty in Greece plus robust Chinese demand.
The Euro continues to push further into the loss category, now extending losses against the U.S. Dollar and striking a 9-year trough in European trade, as speculation increases that the European Central Bank will need to embark on a massive easing program in order to stave off deflation.
Gold eased on Wednesday, ending a three-day winning streak, as the dollar and equities strengthened and minutes from the Federal Reserve's policy meeting in December showed the U.S. central bank maintaining the status quo on interest rates.
The Euro remains under pressure and is trading close to its recently struck 9-year trough versus the U.S. Dollar as oil prices continue to fall and the threat of deflation looms large.
Oil prices remained near five-and-a-half year lows in early Asian trading on Wednesday after prices saw yet more heavy falls in the previous session and analysts said a supply glut meant that more falls were likely before a rebound.
A sharp fall in the price of crude oil sent FX traders flocking to the safe haven currencies which sent the Japanese Yen surging.
European equities fell sharply in choppy trading on Monday, with concerns over Greece's future in the euro zone and a steep drop in prices of crude oil and copper hurting financial and commodities stocks the most.
The Euro dropped to below $1.20 against the U.S. Dollar during Asian trading on Monday as investors await key Eurozone data to get a hint on what actions the European Central Bank might be forced to take in order to return the Eurozone’s economy to sound health.
The euro fell to its weakest in almost nine years against the dollar amid speculation the European Central Bank is moving closer to large-scale bond purchases.
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The dollar rose to its highest level in more than five years and U.S. stock-index futures advanced before the release of American factory data.
U.S. stocks fell on Wednesday as crude oil prices continued their descent. The S&P closed out a third straight year of double-digit gains.
Though late trading is expected today, the U.S. Dollar is poised to end out the year more than 12% higher against a weighted basket of its major peers, the strongest gain in nearly 10 years and likely, according to industry analysts, a good indication of what investors are likely to see in the coming year.
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Despite efforts by the Japanese government and its central bank, the safe haven Japanese Yen surged versus both the Euro and the U.S. Dollar in the wake of a yet another fall in oil prices which has jittered markets’ nerves over perceived possible economic risks in the coming year.
Asian stocks fell amid shrinking volumes, with the regional index heading for its first annual drop since 2011. The yuan slipped to the weakest level since June, while oil climbed from a five-year low.