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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Oil prices declined nearly 3 percent on Tuesday as Iran and Saudi Arabian delegates hinted that no compromise would be reached at this week’s OPEC meeting in Algiers.
New found worries over a “hard” exit from the EU has put the Pound Sterling under heavy pressure against the US Dollar.
Hillary Clinton seems to have scored a big win on Monday night, both for her campaign and for the markets. A CNN poll indicated that following the debate 62 percent thought that Clinton won the debate and only 27 percent of people believed Trump emerged victorious.
The Japanese Yen continued to edge higher in Asian trading despite the Bank of Japan’s “threat” to meet inflation targets and the promise of more rate cuts into negative territory.
The trading frenzy that followed the Fed and BoJ announcements last week has cooled as Asian markets slumped in Monday’s session, on the heels of a negative session in the U.S. on Friday.
There will be a much lighter and less serious news schedule this week compared to last week, with no true central bank action inputs due at all. The week’s news will probably be dominated by U.S. economic data releases and also a key Manufacturing PMI number from China.
The US Dollar gained some ground against the Japanese Yen and the Euro during the Asian trading session but it is poised, nonetheless, to finish off the week with a loss.
The US Dollar struggled against the common currency Euro, Pound Sterling and Aussie Dollar after the Federal Reserve Bank failed to offer investors any real clarity regarding the timing of its next interest rate adjustment.
Stocks rose across the world on Wednesday afternoon and Thursday morning after the Federal Reserve Open Market Committee (FOMC) held U.S. interest rates stable yesterday.
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The Japanese Yen eased away from earlier lows, pushed there by skeptical investors who are dubious that the latest measures from the Bank of Japan will be sufficient to generate inflation toward the BOJ’s inflation target, now beyond 2%.
Japanese stocks edged higher on Wednesday after the Bank of Japan announced a large-scale overhaul of its current stimulus plan.
The Japanese Yen edged higher versus the US Dollar today as investors’ uncertainty as to the “power” of the Bank of Japan’s collective stimulus efforts take greater hold.
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Sign up to get the latest market updates and free signals directly to your inbox.Only two days before the Bank of Japan meeting which will set Japanese economic policy for the immediate future, Japanese President Shinzo Abe defended his aggressive economics policies.
The US Dollar edged away from a recently struck 2-week peak as investors await the outcome of the Federal Reserve Bank policy meeting which is set for later this week.
Trading in the Australian stock market was paused on Monday afternoon and the Australian Securities Exchange (ASX) has not provided an indication of when it will resume.