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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I had expected last week that the market would be more volatile and it came to pass, with the market growing more convinced that the U.S. Federal Reserve will not implement a rate hike next September.
In a move that could either make him or break him, Greek Prime Minister Alexis Tsipras took a dramatic step Thursday by announcing that he would resign his position and hold early elections next month after being in office for less than one year.
The Norwegian Krone, generally considered a safe haven currency, earlier skidded to its lowest level in nearly 8 months versus the Euro.
The common currency Euro recovered slightly after earlier coming under pressure in the wake of China’s slumping equity market. Investors are concerned that the second largest economy on the globe may be on the verge of becoming destabilized.
Ready for some good news at the pump? After years of rising gas prices, consumers should soon be able to fill up their tanks at rock bottom costs. Oil prices are already lower than they have been since 2009 and aren’t even close to settling.
The Dollar edged higher during the European session as markets re-shift their focus to the US and the monetary policy decision of the Federal Reserve Bank. The Fed is due to release its meeting minutes later this week.
The report on the latest prices for home sales in China has been released and it looks good for the world’s third economy. Official data on Tuesday showed monthly home prices climbing for a third straight month in July.
Now that concerns over the potential currency war spurred on by China’s intervention in the Yuan have subsided, the markets’ focus has turned primarily to the US Federal Reserve Bank.
Eurozone finance ministers gave the green light to an 85 billion euro bailout for Greece on Friday, an indication interpreted by some lawmakers as a definite sign that Greece is interested in remaining a member of the euro area.
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Last week was surprisingly eventful, but this coming week should be more eventful still as we have a few very important events scheduled for the U.S. Dollar, Japanese Yen, and Australian Dollar.
Greece is back on the roller coaster ride. After agreeing at the beginning of the month to the terms of the bailout programs with the leaders of the Eurozone group, all team players are back to the bargaining table.
The US Dollar Index edged away from a 1-month trough after the Chinese government alleviated investors’ concerns that a currency war was brewing.
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Sign up to get the latest market updates and free signals directly to your inbox.What a difference a day makes. Just last week, it seemed certain that after months of speculation, the Federal Reserve would introduce an interest rate increase by September at the latest. But the U.S. doesn’t exist in a vacuum and world events have changed and a rate increase now seems in doubt.
As the Chinese Yuan continues to be devalued by the People’s Bank of China that has raised speculation that the Federal Reserve might now have to postpone a rate hike.
Just when it looked like the price of oil couldn’t drop even further, it just keeps barreling down. Crude closed at the lowest level in more than six years Tuesday on news from China and the Middle East.