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.
This coming week ahead should be much quieter as there is far less important news due, so the recent strong movements are quite likely to tail off. Get the economic and political calendar for the popular currencies for the week of January 11, 2016 here.
Asian shares rebounded on Friday, led by strong gains for beaten Chinese stocks after China suspended its market circuit breaker and set a stronger midpoint rate for trading of the yuan for the first time in nine days.
Safe haven currencies like the Japanese Yen and Swiss Franc were the recipients of investors’ collective fears after the Chinese government once again sent the Yuan lower.
In what seems to be a repeat performance, China's stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade. The severe drop triggered the market's circuit breaker to kick in for a second time this week.
Despite some economic news that, for a change, didn’t disappoint, the Euro continues to be under heavy sell pressure.
The Federal Reserve will be releasing the minutes from the Federal Open Market Committee’s Dec. 15-16 policy-setting meeting at 2 p.m. Wednesday in Washington.
The offshore yuan is in a free fall, slumping to 6.6650 against the dollar, the lowest rate since the last quarter of 2010.
The Euro slipped back and moved near to the recently struck 1-month trough versus the US Dollar.
China's markets went on a roller coaster ride Tuesday, moving in all directions and closing mixed following a sharp selloff in the previous session.
As the first full trading week of the year dawned in Asia, disappointing economic news from China suggested that the country’s struggles will continue in 2016. Several PMI reports for China, most recently the Caixin Manufacturing report for December, showed a reading once again well into contractionary territory.
Chinese stocks dived Monday, prompting a trading halt for the rest of the session and sending stock markets in Asia Pacific lower following weak manufacturing surveys that renewed concerns over the stability of the country's economic recovery and soured hopes that the world's second-largest economy would enter the new year on better footing.
The three big concerns in 2015 were falling oil prices, China's economic slowdown and the never ending speculation about when the Federal Reserve would raise interest rates. Some of these issues continue into 2016.
We are right at the start of a the first new month in a new year and as such we can expect the markets to really come back to life this week, with a lot of money flows and major positioning, so it is probably going to be a great time to trade. Get the economic and political calendar for the popular currencies for the week of January 4, 2016 here.
Forecaster were mostly off with their 2015 predictions as end of year numbers are tallied up and analyzed.
The end of the year is in sight and oil prices are lower than they have been in years with few signs of turning around. U.S. government released data that showed a continued stockpiling of crude and no significant slowdown in production is expected as 2016 rolls in.
