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.
The currency markets for the major Forex pairs traded in a narrow range on Wednesday morning in Asia as traders waited for a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker in Washington on Wednesday
The Pound Sterling managed to eke out gains against the US Dollar however analysts say that those gains will remain limited so long as there are doubts over the UK economy and while the Brexit negotiations continue to weigh.
Oil prices continued their decline on Tuesday morning in Asia as traders struggled with concerns about oversupply despite increasing tensions between the United States and Iran.
Though under pressure now, the Japanese Yen had earlier gained against the Pound Sterling on news that the Bank of Japan is finally considering reining in some of its massive stimulus program.
The U.S. dollar started the week broadly lower, struggling against its primary currency partners after U.S. President Donald Trump mentioned his discomfort with the dollar’s strength
This week will see a very light news agenda compared to last week, with central bank input due only from the European Central Bank.
Earlier, the US Dollar was on the backfoot versus the Japanese Yen as well as the common currency Euro.
Disappointing retail sales figures from the UK succeeded only in keeping the Pound Sterling under pressure.
Steve Bannon, the former top advisor to U.S. President Donald Trump, spoke about the trade tensions between the United States and China on Wednesday, and his words were surprisingly optimistic.
Global stock indexes hit one-month highs on Wednesday after a bullish note from Jerome Powell who testified before Congress on Tuesday.
The latest economic data out of the United Kingdom was disappointing in general, and resulted in the Pound sliding to a fresh 10-month trough versus the US Dollar.
Oil prices fell further on Wednesday after a surprising report that showed U.S. crude inventories rose last week, despite analyst expectations for a significant decline in stockpiles.
The growing divide within the UK Prime Minister's own party became apparent after a Parliamentary vote yesterday did little to advance Theresa May's Brexit-related agenda.
Asian stocks opened mixed on Tuesday, pressured by oil prices that plummeted on Monday.
The Pound was higher versus both the US Dollar and the common currency Euro although FX traders appear caution and intent on focusing on the looming Parliamentary debate.
