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Daily Forex News
Oil prices soared on Friday morning after Saudi Arabia launched a military exercise near Yemen’s port city of Hodeidah.
After the release of disappointing retail sales figures, the Pound Sterling has struggled to regain traction against the greenback.
The Japanese government stated that the economy is amid a moderate recovering this month, however, pointed at the persistent weakness of Japan's export sector.
The Federal Reserve announced an interest rate cut of 25 basis points on Wednesday, bringing the rates to a range or 1.75 to 2 percent, in a move that was meant to sustain the country’s long period of economic growth.
The Pound Sterling came under pressure after inflation data showed an unexpectedly greater decline than analysts had predicted.
The European Commission President Jean-Claude Juncker said that there is a "palpable risk" of a no-deal outcome when discussing the Brexit during a debate in the European Parliament.
The Federal Reserve announced an overnight repo operation on Tuesday night, effectively introducing $53.15 billion of cash into the U.S. banking system, a move not used in over ten years.
In a letter to the congress, The United States President Donald Trump said that his government finally reached a first trade deal regarding trade barriers with Japan.
The Pound Sterling slipped against its US counterpart and moved off the recently struck 6-week peak as Boris Johnson doubled down on his assertions that he would not request a Brexit delay.
Despite massive movements in the oil markets in recent days, anticipation of the Federal Reserve’s policy announcement on Wednesday is keeping markets tempered and traders on guard.
Profit taking by FX traders who remain wary that Britain will be able to secure an agreement before the October Brexit deadline has pushed the Pound lower during London trade.
Britain's Prime Minister Boris Johnson insists on delivering the Brexit by October 31, according to a British Government source.
The Saudi Arabian oilfields Abqaiq and Kurais came under a large-scale attack involving 10 drones over the weekend, stopping the production of 5.7 million barrels per day and sending Brent crude prices higher by 20 percent, its biggest spike in 28 years.
This week is likely to see a much greater level of market activity compared to last week, with central bank input due from the U.S., Japan, the U.K., Switzerland and Australia, in addition to other important data releases for a few of the major currencies.
The Japanese Yen continues to flirt with a 6-week trough against the US Dollar as hopeful indications that China and the U.S. were moving closer to an agreement over their long-running trade dispute.