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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US Dollar Weaker on Lower Hike Expectations, But Key Support Holding; Stocks Higher as Fed’s Kashkari Sees Inflation Falling
FOMC Members See Tighter Conditions Achieved, Implying Further Hike Not Needed; US Dollar, Yields Falls After Earlier Gains; Stocks, Gold Higher; Crude Oil Pares Gains.
Fears Conflict Will Widen Beyond Israel and Gaza; Crude Oil Jumps by Over 4% on Supply Fears, Stocks Lower, Gold Rises as a Safe Haven; US Dollar Firm
The Reserve Bank of Australia (RBA) has left its cash rate unchanged at 4.10% following the latest meeting of the Bank’s Board, marking a fourth straight pause.
Precious Metals Falling Hard; USD Reaches Long-Term High Against Japanese Yen; Stocks Rise Slightly as US Government Shutdown Averted
The final estimate GDP is based on more complete data than was available for the second estimate which was released in August.
USD Reaching Long-Term Highs Against All Major Currencies Except NZD and CAD; WTI Crude Oil Kisses $95; Stock Markets Remain Weak
USD Reaches Long-Term Highs Against Yen and European Currencies; Stock Markets Mostly Lower, NASDAQ 100, S&P 500 Hit Multi-Month Lows Yesterday
USD Reaches Long-Term Highs Against Yen and European Currencies; Bank of Japan Threatens Intervention, But No Action; Stock Markets Lower, Chinese and Korean Indices Reach Long-Term Lows
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Federal Reserve Chair Jerome Powell sounded cautiously optimistic at the meeting, saying the Fed would “proceed carefully” but that it was close to “where we need to get”.
Fed Signals Another 25bps Hike in 2023, Fewer Rate Cuts in 2024; US Treasury 2-Year Yield Hits 15-Year High; Stocks Tumble, USD Strengthens; USD/JPY & Other Majors Hit Dollar Highs
Fed Widely Expected to Leave Rate at 5.50%; US Treasury Yields Hit 15-Year Highs; Canadian Inflation A Little Higher; UK Inflation Data Awaits
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Sign up to get the latest market updates and free signals directly to your inbox.Markets Await Canadian CPI Data; WTI Crude Oil Hits New 10-Month High Price; RBA Minutes Hold No Surprises, AUD Doesn’t React
US Federal Reserve and Bank of Japan Expected to Leave Rates Unchanged; Markets Will be Focused on Statement Language, Especially for BoJ; WTI Crude Oil, USD/JPY Reach New 10-Month Highs; Stock Markets Lower as US Dollar Slightly
The August US inflation report was a mix, as headline inflation climbed higher than expected while core inflation dropped. The data is unlikely to change the high probability of a Federal Reserve pause next week.