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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Commodity Price Surge: Biden Policy and Trading Perspective
According to data released by the Australian Bureau of Statistics, retail sales went up by 1.1% in April (month-on-month) in line with expectations and unchanged from the previous month's report.
Crude Oil Boosted by OPEC & U.S. Stockpiles; Stock Markets Mostly Bullish; U.S. Dollar Rising Gently.
There are concerns that Bitcoin could be displaced by stablecoins which, given the fact that their value is linked to traditional currency fluctuations, seem to be better as a store of value.
Crude Oil Boosted by OPEC; British Pound and Gold Retreat from Highs; Stocks Mixed.
Aussie spot trading up 0.20% higher following RBA rate decision.
Gold Breaks Above $1900; GBP/USD Challenging 1.4250; Stocks Mixed; Greenback Weaker.
Demand for manufactured products is still insufficient, despite consumer spending having already returned to pre-pandemic levels.
Gold Breaks Above $1900; Stocks Mostly Weaker; Quiet Day Expected.
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Sterling investors largely took in stride the recent comments from the Chief Economist of the Bank of England.
Bitcoin advanced by 2.45% against the US dollar yesterday, recovering from the previous session's losses and closing at the 39,301.0 level.
Gold Breaks Above $1900; Stocks Mixed; RBNZ Takes Hawkish Bias.
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Analysts say that lack of new data to shift momentum has kept sterling trade in consolidation mode.
Despite some encouraging sentiment among Western nations that an economic boom is on the horizon, there has been some counterintuitive data which paints a less-than-rosy picture for the intermediate term.