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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Australian state-owned health insurer Medibank plans to raise up to 5.5 billion Australia dollars ($4.8 billion) in what could be the biggest state initial public offering (IPO) since Telstra in 1997.
Asian stocks were tentatively higher on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge.
With the economy in the Eurozone on the brink of a deflationary spiral, the U.S. Treasury Department issued a warning to investors saying that even the European Central Bank’s recent measures to stimulate the region’s economy may be insufficient to stave off deflation.
Two pieces of unexpectedly disappointing economic data sent the U.S. Dollar broadly lower as investors speculate that the economic news is likely to further delay an interest rate increase from the Federal Reserve Bank.
The U.S. Dollar regained earlier traction after falling against the Japanese Yen to its lowest price in nearly a month which came about as investor concerns over global growth began to escalate.
Stocks on Wall Street tumbled in late selling on Monday with the S&P 500 closing below its 200-day average for the first time since mid- November 2012 on continued concern about the strength of the global economy.
The Japanese Yen was broadly higher against its major peers as investors’ fears escalate on speculation that the global economy is on the verge of a downturn.
Asian stocks slipped with U.S. index futures extending the retreat in equities following the Federal Reserve report that said a slowdown in parts of the global economy could delay interest-rate increases.
The S&P 500 on Thursday posted its largest percentage decline in six months on concerns about the strength of the global economy and its effect on corporate earnings.
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Global equity markets fell sharply on Tuesday and oil slipped to near 27-month lows as investors shifted funds into safe-haven government debt as poor economic data from Europe heightened concerns about worldwide demand.
In Japan, the Prime Minister earlier today spoke of the many disadvantages of a weak Japanese Yen, including burdens to Japan’s consumers, small businesses and especially exporters.
Asian stocks were mostly lower on Tuesday as investors awaited central bank decisions in Japan and Australia.
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Sign up to get the latest market updates and free signals directly to your inbox.Friday’s unexpectedly strong labor report from the U.S. helped to push the dollar broadly higher, and along with it, the U.S. Dollar Index which closed out last week’s trading higher for the 12th consecutive time.
Unfazed by the city’s biggest political unrest since the 1960s, investors in exchange-traded funds tracking Hong Kong-listed stocks added more money even as the stock market posted its largest drop in seven months.
Asian stocks dropped for a sixth day as the yen held two days of gains, curbing the earnings outlook for Japanese exporters. Trading is due to resume in Hong Kong following a two-day holiday.