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.
Market News
Market News
The Pound Sterling was lower against its European counterpart, though the focus remains squarely on a positive conclusion to the Brexit deal.
On Monday morning risk appetite took over the European stock markets after the White House reported that US President Donald Trump's health is improving.
President Trump’s Medical Condition Seen Improving; Trump Received Aggressive Care in Hospital; Trump Briefly Leaves Hospital for Drive-By Greeting
The US Dollar drifted lower as hopes were revived that a new stimulus package would soon be made available to US businesses and consumers which could help provide a lift to the flagging economy.
The Pound Sterling edged lower versus its two main rivals after a media report said that both the EU and Britain were no closer to an agreement on state aid, a key issue in the Brexit discussion.
Yesterday, oil markets mainly recovered, after the markets learned that crude oil stockpiles decreased.
S&P 500 Index Higher; Japanese Yen & U.S. Dollar Weaker; Euro & Australian Dollar Stronger
The Pound Sterling recovered after a brief move lower against its EU and US counterparts after the UK's House of Commons approved the Internal Market Bill.
The Federal Statistical Office of Germany reported that retail sales gained 3.7 percent (year-to-year) in August, below July's figure which stood at 5 percent and lower than what the analysts expected, who foresaw it to increase by 4.2 percent.
S&P 500 Index Getting Sold; Japanese Yen & U.S. Dollar Stronger; Angry U.S. Presidential Debate
The US Dollar was mixed during the London trading session on Tuesday, with investors generally wary ahead of the looming Presidential debate.
Yesterday, the oil futures markets managed to close in positive territory despite the surging fears regarding demand.
S&P 500 Index Breaks Resistance Above 3330; U.S. Dollar Down; Over 1 Million Dead from Coronavirus
The US Dollar Index remains close to a 2-month high as market players await fresh developments before gauging the greenback's direction.
The US Dollar Index fell from a 2-month high during Asian trade on Friday as investors' concerns of a US economic recovery were eased by hopes of additional stimulus.