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.
This week is likely to see lesser market activity compared to last week, with important central bank input due from the Reserve Bank of New Zealand and the Reserve Bank of Australia, plus important economic data concerning the U.S. Dollar and the British Pound.
The US Dollar is struggling to find support ahead of today's release of US labor data.
The Euro bounced higher against the US Dollar on economic data that, while not exactly glowing, at least wasn't a total disappointment.
Asian Development Bank President Takehiko Nakao said on Thursday that despite the fears about a global economic slowdown, the Asian emergent economies are still set to grow “in a very steady way.”
U.S. stock indexes saw their worst day in over a month on Wednesday, after the Federal Reserve signaled that it wasn’t likely to raise interest rates or lower them
The Pound Sterling was trading close to a 2-week peak versus the US Dollar during light holiday trade on Wednesday, holding on to earlier momentum on signs of some progress in the the Brexit discussions in Parliament.
The Eurozone economic growth improved significantly in the first quarter, rising 0.4% and contradicting the investors and analysts fears.
U.S. President Donald Trump called on the Federal Reserve to cut interest rates by 1 percent and to implement a quantitative easing program that would boost the country’s economy further.
United States Treasury Secretary Steve Mnuchin said that he hopes to progress in the upcoming trade talks with China and that he expects his team will have a "productive discussion" with the Chinese negotiators.
Asian shares and oil prices were under pressure on Tuesday after reports showed that Chinese manufacturing activity grew less than expected.
The US Dollar rally paused on Monday despite the latest surprisingly upbeat data. Analysts say that the data is enough to convince FX traders that the slowdown in economic activity is a thing of the past.
The International Monetary Fund (IMF) just published its Regional Economic Outlook for the Middle East and warned against the slowing economic growth and the trade tensions which are affecting the Middle East economic situation and dimming its prospects for the future.
Asian markets were mixed on Monday afternoon as traders combined renewed optimism about a trade deal between the United States and China with data showing that Chinese industrial profits grew for the first time in four months.
This week is likely to see more activity in the market compared to last week, with important central bank input due from the U.S. Federal Reserve and the Bank of England, and a release of non-farm payrolls data scheduled for this week.
In early Friday trade in Asia, the US Dollar Index remained close to a 2-year peak as FX traders await today's release of growth data from the US.
