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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U.S. Stock Indices Hit Record Highs; Risky Assets Advance Against Greenback; Commodity & European Currencies Bounce Back.
With only a few weeks left before the Brexit transition deadline, Forex traders are hopeful that the Prime Minister's meeting in Brussels will yield a positive outcome.
France's National Institute of Statistics and Economic Studies recently reported that non-farm payrolls for the third quarter stood at 1.6 percent, lower than the previous quarter's 1.8 percent.
Pound & Euro Volatility on Trade Deal Headlines; Stocks Dip Slightly; EUR Remains Strong.
A case of nerves sent the pound sterling lower against the greenback, with the GBP/USD moving close to a 2 ½ week trough.
German industrial production surged in October after gaining 3.2 percent (month-on-month).
S&P 500, Nikkei 225, KOSPI Hit All-Time Highs; U.S. Dollar Trends Weaker; EUR, AUD, and NZD Hit 2-Year Highs.
The common currency is on track to record its best week in the past month, moving past key resistance levels as FX traders count on further declines in the greenback.
While the pound sterling held above the $1.34 level as a result of weakness in the greenback, derivative markets suggest that market players have serious doubts regarding a Brexit deal occurring before the end-of-year deadline.
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IHS Markit’s final Service Purchasing Managers’ Index (PMI) for Germany signaled a contraction in the services sector, mostly linked to the second lockdown that the government implemented to stop the spread of COVID-19.
S&P 500, Nikkei 225, KOSPI Hit All-Time Highs; U.S. Dollar Trends Weaker; EUR, AUD, and NZD Hit 2-Year Highs.
The US dollar edged away from a 2½ year trough during London trade on Wednesday as Forex traders gauge the likelihood of another stimulus package being approved in the US.
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Sign up to get the latest market updates and free signals directly to your inbox.The German Federal Statistical Office reported that retail sales rose higher than expected in October, gaining 8.2 percent (year-on-year) after being at 6.5 percent in the previous month, and surpassing expectations of a 5.9 percent surge.
Bitcoin, S&P 500, Nikkei 225, KOSPI Hit All-Time Highs; U.S. Dollar Trends Weaker; EUR/USD Breaks 1.2000 at 2-Year High.
Market optimism for a Brexit deal in its last month of negotiations has helped to push the GBP/USD across the $1.34 level for the first time this quarter.