Forex news is an integral part of the trading process, and our goal is to provide you with the Forex trading news you need to be successful. Our daily Forex news is written by industry veterans with years of trading and reporting experience, so that you can get the information you need without the fluff. Read our Forex news now!
Daily Forex News
Disappointing retail sales figures from the UK succeeded only in keeping the Pound Sterling under pressure.
Steve Bannon, the former top advisor to U.S. President Donald Trump, spoke about the trade tensions between the United States and China on Wednesday, and his words were surprisingly optimistic.
Global stock indexes hit one-month highs on Wednesday after a bullish note from Jerome Powell who testified before Congress on Tuesday.
The latest economic data out of the United Kingdom was disappointing in general, and resulted in the Pound sliding to a fresh 10-month trough versus the US Dollar.
Oil prices fell further on Wednesday after a surprising report that showed U.S. crude inventories rose last week, despite analyst expectations for a significant decline in stockpiles.
The growing divide within the UK Prime Minister's own party became apparent after a Parliamentary vote yesterday did little to advance Theresa May's Brexit-related agenda.
Asian stocks opened mixed on Tuesday, pressured by oil prices that plummeted on Monday.
The Pound was higher versus both the US Dollar and the common currency Euro although FX traders appear caution and intent on focusing on the looming Parliamentary debate.
Early in the Asian trading session on Monday the U.S. dollar was trading near a six-month high of 112.79 hit on Friday as traders waited for news that is expected to be released later in the week.
This week will see a slightly heavier news agenda compared to last week, with central bank input due only from the Reserve Bank of Australia, plus testimony from the U.S. Federal Reserve and the Bank of England.
The US Dollar remained close to the recently struck 10-day high, which had been pushed there on expectations that the latest US inflation data would have shown an increase.
The Pound edged higher during Thursday trading as FX investors are pinning their collective hopes on the release of a “white paper” that perhaps could jump start trade negotiations between the British government and the EU leadership.
The U.S. dollar rose against the yen on Thursday, holding near six-month highs after fresh economic data reconfirmed expectations for two more interest rate hikes before the end of the year.
Cautious investors kept the Pound Sterling under pressure ahead of a speech from Mark Carney, the head of the Bank of England.
On Tuesday U.S. President Trump announced that he was going to start the process of implementing tariffs on another $200 billion of Chinese goods, and China responded quickly and harshly.