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
Asian markets were calm on Wednesday as a brewing financial crisis in Russia and the rout in oil prices sent investors scurrying for the cover of top-rated bonds.
Another fall in the price of oil sent investors rushing to the safe haven currencies and helped to push up the Japanese Yen to a 1-month peak versus both the common currency Euro and the U.S. Dollar.
In a surprise move last night, the Russian Central Bank raised the base interest rate by a whopping 6.5%, from 10.5% to 17%.
Wall Street saw the biggest stock swings in two months yesterday as oil volatility dragged the Standard & Poor’s 500 Index further from the record it reached less than two weeks ago.
As was widely expected in Japan, the general election held yesterday sent the Shinzo Abe coalition back into power, with the Prime Minister now free to push through his plans to further weaken the Euro which will, hopefully, revive the stagnant Japanese economy.
Asian shares slipped to nine-month lows on Monday as oil prices sank to fresh 5-1/2 year lows on concerns about a supply glut and slower global growth, hitting stocks of energy and commodity producers and exporters.
The value of the Russian ruble has sunk to new lows against the U.S. dollar and the euro, even as the Central Bank of Russia (CBR) raised its key interest rate again in an effort to arrest the free-fall in the currency and bolster the country's faltering economy.
OPEC cut the forecast for how much crude oil it will need to provide in 2015 to the lowest in 12 years amid surging U.S. shale supplies and reduced estimates for global consumption.
Asian stocks advanced, following U.S. stocks higher on better-than-estimated retail sales in the world’s biggest economy. Oil in New York extended declines below $60 a barrel.
Bonuses & Promotions
After profit taking investors sent the greenback lower during three days of volatile FX markets, the U.S. Dollar managed to regain its footing, rising broadly against its peers.
Gold edged towards a seven-week high on Thursday as a plunge in global equities and sell-off in the dollar burnished the metal's safe-haven appeal.
Japanese stocks tumbled to a more than one-week low on Wednesday morning, as political uncertainty in Greece spooked world markets already under strain from a slide in crude oil prices and worries over global growth.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Japanese Yen made strong gains during Tuesday’s Asian and European trade after the news that oil prices had fallen again sent FX investors in search of a safe haven. With risk appetite waning, commodity linked currencies such as the Australian and Canadian dollars were both under pressure as a result.
Asian stocks fell, after U.S. shares dropped the most in almost seven weeks, as oil extended its decline and a stronger yen weighed on Japanese exporters.
The U.S. Dollar struck a 7-year peak versus the Japanese Yen in the wake of unexpectedly strong labor data from the U.S. which tended to cement investors’ view of a forthcoming interest rate increase from the Federal Reserve Bank.