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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According to data released by Statistics New Zealand, retail sales rose by 2.5% in quarterly terms, after dropping by 2.7% in the previous month.
Stocks Boosted by Fed Inflation Comments; Gold Near New 4-Month High; Crypto Slide Halts for Now.
It seems that the crypto bear market has already started.
Stocks Slightly Higher in Asian Session; Gold Near New 4-Month High; Cryptocurrencies May Be Bottoming.
The US Dollar remained close to milestone lows during the Asian trading session on Friday.
Members of the committee are not satisfied by how the economy is reacting to the bank's stimulus measures.
The broad cryptocurrency market has seen a swift bearish trend develop the past week-and-a-half, which has essentially erased many gains and has brought mid-term support levels into view.
FOMC Minutes Reveal Tapering Talk; Stocks, Cryptocurrencies Bounce Back; Gold Reaches New 4-Month High.
Bank of Japan Governor Haruhiko Kuroda recently commented that the Bank is willing to extend its pandemic relief program, especially now that the number of infections is spiking and expected to affect the already fragile economic situation.
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The pound sterling touched on a one-week trough against the euro and was flat versus the greenback after the latest inflation data was summarily dismissed by Forex traders.
Cryptocurrencies Continue to Sell Off; Global Stock Indices Mostly Lower; Gold, Euro Hit New Highs.
Cryptocurrency prices have retreated sharply after most of them climbed to their all-time high in April.
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Sign up to get the latest market updates and free signals directly to your inbox.According to the United Kingdom's Office for National Statistics, the unemployment rate stood at 4.8% in March, against the previous reading of 4.9% and expectations of 4.9%.
Precious Metals and Risk Currencies Make Highs; Global Stock Indices Mostly Higher; Crypto Market Sees Further Sharp Falls.
The US Dollar kept close to its weekly high after a report showed that producer prices continued to rise, suggesting that inflation is also on the rise in the US.