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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Following its decline at the end of last week, the Euro remained low during Monday’s Asian session, as investors waited anxiously for reports about German business confidence which are due out later today.
The euro snapped a four-day advance against the dollar as Greek Prime Minister Antonis Samaras prepared to meet with his German and French counterparts to ask for more time to meet economic targets.
The US Dollar weakened versus all major currencies after minutes of the FOMC Meeting showed that officials are getting ready to add more stimulus if the economy doesn’t show signs of expansion . Today, the Initial Jobless Claims are expected with 365K versus 366K previously and New Home Sales are expected with 363K versus 350K previously.
Wall Street exchanges closed the trade last night with a red candle, in light of the investors' expectations of finding hints regarding the FED's protocol about to be published today, signing a decision to stream a third quantitative easing program (QE3).
Asian stocks headed for a 3 month high on Tuesday as investors await this week’s US housing and durable goods reports, both of which are expected to show that the country’s economic status is gradually improving.
The Euro gained 0.4 percent last week, hitting $1.2334, and there are strong positive signs that the common currency will continue gaining over the next few months.
Speaking from Canada on Thursday after a brief summer vacation, German Chancellor Angela Merkel reconfirmed her intention to work towards the preservation of the euro no matter what the cost.
The US dollar hit a one-month high against the Japanese yen during Thursday’s Asian session, rising to 79.15, as investors anticipate the slowing of the Fed’s economic stimulus plans, a forecast which comes in advance of Thursday’s US building and housing report.
According to statistics published on Tuesday, economic activity in the European Union declined at an annualized rate of 0.7 percent in the second quarter of this year, following a similarly brutal first quarter.
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The close of Wall Street on Monday saw stocks edging slightly lower, ending a six-day run that had been most welcome in this volatile summer.
Reports out of Asia this morning indicated that Japan’s economy grew 0.3 percent in the second quarter of 2012, a number which, although positive, fell quite short of the 0.6 percent that analysts had expected.
The Euro continues to drop as the Dollar and Yen keep rising against it. Many traders are recommending that the Euro should not be bought any time soon.
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Sign up to get the latest market updates and free signals directly to your inbox.Markets on Wednesday barely managed to hold onto their rally for the fourth day, but the euro fell 0.3 percent to $1.2359, following its one-month high on Monday of $1.2443.
Concerns about the European debt crisis have instigated contagion fears in the minds of investors worldwide, but recent market movements have shown that investors are now hopeful that the tides are changing and that the European Central Bank may soon take action to contain the debt crisis.
Last week Wall Street saw sudden and unexpected volatility as the result of a glitch in the computer of market-maker Knight Capital.