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.
Most Recent
The Pound Sterling was lower versus the US Dollar after the latest labor data showed that annual wage growth improved to 2.9% over the three-month period through March, largely as predicted by economists.
Asian stocks retreated on Tuesday despite a continued rally on Wall Street as trader showed renewed caution when approaching the markets.
The U.S. embassy in Israel was moved this morning from Tel Aviv to Jerusalem in what Israelis are calling a historic moment and a brave decision for U.S. President Donald Trump.
The Euro was headed for another day of straight gains in large part due to a weakened US Dollar which helped the common currency recoup previous losses.
Oil prices dropped on Monday morning, receding from last week’s 3 ½ year highs.
High-level negotiators from the United States, Mexico and Canada failed to find common ground during Friday’s talks about the North American Free Trade Agreement (NAFTA), leaving analysts wondering whether an agreement will be reached before the May 17th deadline.
This week will see a similarly light news agenda compared to last week, although there will be some major releases.
The US Dollar Index remained just under the recently struck 4 ½ month peak after CPI data missed analysts’ forecasts.
The Pound Sterling was steady during London trading and remained close to a 4-month trough as FX traders prepare themselves for the Bank of England’s monetary policy decision due to be released shortly.
Bonuses & Promotions
Emerging market currencies have been under fire in recent weeks, and with the impending U.S. sanctions against Iran
Concerns over new U.S. sanctions against Iran sent oil prices higher for the second day on Thursday, pushing them to new multi-year highs after gains over 3 percent during Wednesday’s U.S. trading session.
After plummeting over 2 percent during Tuesday’s New York trading session, oil prices were broadly higher on Wednesday morning.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Pound Sterling edged lower ahead of this week’s policy meeting of the Bank of England.
U.S. President Donald Trump has said that he will announce his decision about the Iran nuclear deal at 6 p.m. GMT despite originally planning to decide by Saturday, May 12th.
This week will be a big week for political negotiators, and traders are taking notice. Of specific interest is the Iranian nuclear deal which is poised to crumble if a new nuclear deal cannot be reached.