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.
China's Federation of Logistics and Purchasing recently released the country's Purchasing Managers Index (better known as PMI) which showed an expansion on the business sector, surpassing the analysts' expectations who foresaw it to slow down.
MSCI World Index, S&P 500 & NASDAQ Close Week at Record Highs; Nikkei 225 up by almost 2%
The US Dollar continues to hold positive momentum against most of its peer after the Federal Reserve announcement at the Jackson Hole Economic Symposium.
Against the US Dollar, the Pound traded close to the $1.32 level as market players await the beginning of the Jackson Hole economic symposium.
Yesterday, the oil markets closed mixed after the markets confirmed an important drop in crude oil inventories.
MSCI World Index, S&P 500 & NASDAQ, Close at Record Highs; Crude Oil Strong as Hurricane Laura Nears U.S. Refineries
Given a quiet week ahead, and an absence of fundamental data largely through next week, the Pound Sterling will get direction from the upcoming events at the Economic Symposium in Wyoming.
Yesterday, the oil futures market gained territory after the markets learned about a huge draw in crude oil and gasoline reserves.
S&P 500 & NASDAQ Indices Trade at Record Highs; Crude Oil Strong as Hurricane Laura Nears U.S. Refineries
The Pound Sterling had inched higher during London trade on Tuesday ahead of the release of retail sales and trends data for the month of August
Yesterday, the oil markets advanced in light of the supply disruption, given the arrival of a couple of tropical storms to the Gulf of Mexico.
Major Stock Indices Advance on Trade and Vaccine Hopes; S&P 500 Index Closes at Record High; U.S. Dollar Slightly Higher
Thus far, no real progress has been made, negotiators from the EU confirmed last week.
On Friday, the oil markets lost territory after the markets received negative data about the state of the United States Labor Market, and after the US dollar posted gains.
S&P 500 Index Ends Week at All-Time High; Asian Stock Markets Climb Higher; Australian Dollar Slightly Stronger as Week Opens; Precious Metals Decline Firmly
