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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Stock markets mostly seeing weak selling; Gold and Silver near record highs; Euro strong
The greenback is trying to hold onto recent gains as a result of safe-haven flows as concerns of a Coronavirus resurgence grow.
The Pound Sterling edged lower as the appetite for risk waned among FX traders, and sent them over to the safe-haven currencies instead.
Yesterday, relevant data about China's economic performance was released.
Stock markets being sold; Silver closes at record high against U.S. Dollar; U.S. Dollar comes back against riskier assets
The Pound Sterling edged higher against a weakened greenback as risk sentiment improved during the London trade on Wednesday.
Yesterday, the oil markets advanced in light of a higher than expected drop in crude oil inventories.
Moderna announces trial producing antibodies; Stock markets higher; Silver, Euro close at record highs against U.S. Dollar
The US Dollar edged higher against many of its major rivals, finding support as a safe-haven currency as concerns over the US-Sino trade rift escalate along with fears of a worsening Covid-19 pandemic in the US.
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According to data released by the General Administration of Customs of the People’s Republic of China, Chinese imports and exports rose unexpectedly in June.
Stocks sold off in last hours; U.S. takes stand against China’s maritime claims; California rolls back re-openings as coronavirus soars
The Pound Sterling saw some positive momentum during the London trade on Monday with the GBP/USD coming close to the pair's 200-day moving average which was set at $1.27.
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Sign up to get the latest market updates and free signals directly to your inbox.On Sunday, oil futures markets gave up some of Friday's gains, in light of the advance of the coronavirus epidemic around the world and the OPEC technical meeting that is taking place this week.
Precious metals strong; Friday sees record new coronavirus cases; Stocks broadly higher globally
In the US, a resurgence of new cases of Coronavirus undermined the Trump administration's hope for a swift return to economic normalcy.