Japanese GDP Data Barely Shows Growth, Yen Trading Lower After Last Week's Strong Advance; Gold Looking Weaker Below $5,000; Bitcoin Continues Bearish Consolidation; Most Stocks Gaining Slightly
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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Higher Average Hourly Earnings, Non-Farms Put Hawkish Tilt on Rate Cuts, 25bps Still Expected in June; Mimura Comments Halt Yen Rise; Bitcoin Still Looking Weak; Stocks Consolidating or Weakly Bullish
Yesterday’s delayed January employment report was surprisingly strong, led by a sharp rise in non-farm payrolls (NFP). Investors had a chance to review a fresh batch of US data, and risk appetite headed higher as the US Dollar has retreated against the major currencies, while equity markets are pointing higher.
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Weak US Retail Sales Data Sent US Yields, Dollar Lower; USD/JPY Falls Strongly for 3rd Day; Global Stocks Hit Record High, but Major US Indices Mostly Subdued, Asia Doing Best; Gold Holds Above $5k on US Rate Cut Hopes; Bitcoin Remains Held by Resistance
Global Stocks Hit Record High, but Major US Indices Mostly Subdued, Asia Doing Best; Bitcoin Remains Held by Resistance
Japanese Yen Strengthens on Intervention Threat After LDP Wins Lower House Supermajority; Stocks and Precious Metals Gain, Gold Above $5,000; Crude Oil Falls on Iran Talks, But Markets Still Predict War
Policy Meetings Today at Bank of England and European Central Bank; Tech Stock Selloff Continues; Gold, Silver Consolidate, Silver Looks Weak; Bitcoin Falls to 15-Month Low; Yen Weaker Ahead of Japan Election; Prediction Markets See No US Strike on Iran as Talks to Start Tomorrow
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Gold, Silver Recover, Especially Gold; US / Asia Stock Markets Sell Off on Tech Dump; Bitcoin Rebounds from Fresh 1-Year Low; Prediction Markets See No US Strike on Iran as Talks Reportedly Shift to Oman
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The Reserve Bank of Australia raised the cash rate by a quarter-point to 3.85% at today’s meeting.
RBA Raises Cash Rate to 3.85%, Aussie Jumps; Gold, Silver Recovers; Stock Markets Rising; Bitcoin Remains Weak Below $81k; Prediction Markets See No US Strike on Iran as Talks to Begin
Gold, Silver Bubble Keeps Deflating With Strong Drops; Stock Markets Falling; Bitcoin Looking Bearish Below $78k; Odds on Trump Iran Strike Lengthen; Japanese PM Seen Winning Election Victory
The broader cryptocurrency market consolidated over the past week as macroeconomic forces took center stage in the financial theater.
There were no surprises from the US Federal Reserve (Fed) at Wednesday’s meeting.
Gold, Silver Continue to Make Wild Gains, Reaching New All-Time Highs; US Dollar Index Approaches Lows Again; S&P 500 Index Trades Above 7,000, But Falters; Fed and Bank of Canada Hold Rates as Expected; WTI Crude Oil Rises Firmly to New 4-Month High; Trump Continues Iran Military Buildup