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
At the U.S. Federal Reserve’s annual convention for global central bankers in Jackson Hole, Wyoming last week, Chair Janet Yellen took an optimistic stance about the U.S. economy – and traders took notice.
There will be a heavier news schedule this week compared to last week, dominated by the release of key U.S. Non-Farm Payrolls data on Friday, as well as some Australian and Chinese data due on Thursday.
Wall Street ended slightly lower Thursday as investors await a much-anticipated speech by Federal Reserve Chairwoman Janet Yellen on Friday that may offer clues to the central bank’s next rate move.
Though currently under some pressure, earlier today the Pound Sterling had been trading near to a 3-week peak versus the US Dollar.
Asian stocks were mixed Thursday morning as traders pulled back, awaiting the next meeting of the FOMC and Fed Chair Janet Yellen’s decision on whether to set another rate hike in motion.
The trend of marginal moves while pushing record highs in US indices looks set to continue on Wednesday, with futures pointing to a marginally higher open on Wall Street.
The Pound Sterling edged higher versus both the US Dollar and the common currency Euro as investors speculate on the likelihood of an interest rate adjustment from the Bank of England.
The dollar moved up on Wednesday as markets looked towards the meeting of global central bankers in Wyoming and a speech by Fed Chair Janet Yellen on Friday for clues on whether the Federal Reserve is poised to hike interest rates again.
The US Dollar weakened broadly and slid below the 100 Yen level earlier as FX traders refocused on the upcoming events at Jackson Hole, the Federal Reserve Bank’s annual symposium.
Bonuses & Promotions
Crude oil prices continued to fall in early Asian trade Tuesday, as optimism for a production freeze faded on reports that Iraq is preparing to ramp up exports and Nigeria could follow soon.
The Pound Sterling edged higher against the US Dollar, hitting a 5-week peak, after the latest economic data showed that the UK economy was holding its own after the June Brexit vote.
The dollar continued to gain against the yen and euro on Monday on positive reports from U.S. Federal Reserve policymakers who expressed support for a near-term U.S. interest rate hike.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.There will be a much lighter news schedule this week compared to last week, with no real central bank input due at all with the possible exception of the Chair of the Federal Reserve speaking on Friday, and the Governor of the Bank of Japan speaking on Tuesday.
Oil prices surged dramatically in the last two weeks thanks to OPEC freeze talk, but there's little expectation the cartel will act, especially now that crude is trading 24 percent higher just on hot air.
The Pound Sterling edged higher after the last economic news seemed to quell fears of the impending Brexit.