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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Yesterday, the oil markets advanced in light of the supply disruption, given the arrival of a couple of tropical storms to the Gulf of Mexico.
Major Stock Indices Advance on Trade and Vaccine Hopes; S&P 500 Index Closes at Record High; U.S. Dollar Slightly Higher
Thus far, no real progress has been made, negotiators from the EU confirmed last week.
On Friday, the oil markets lost territory after the markets received negative data about the state of the United States Labor Market, and after the US dollar posted gains.
S&P 500 Index Ends Week at All-Time High; Asian Stock Markets Climb Higher; Australian Dollar Slightly Stronger as Week Opens; Precious Metals Decline Firmly
An unexpected increase in the weekly jobs claims data from the US Labor Department helped to put the greenback on the defensive.
Yesterday, oil markets were mixed after the OPEC+ monitoring committee highlighted the need of sticking to its production cuts as market recovery is being hindered by the advance of the COVID-19 pandemic.
The Pound Sterling recovered in London trade after yesterday's release of the Federal Reserve's policy minutes was a bit less dovish than analysts had anticipated.
S&P 500 Index Dips on Fed Fears over Growth; U.S. Dollar Rebounds, British Pound and Euro Drop
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The US Dollar remains within striking distance of a 27-month trough after a boom day on Wall Street put added pressure on the greenback.
Yesterday the oil futures barely moved after the markets learned that gasoline inventories increased significantly, which signals problems in the demand side.
S&P 500 Index Closes at All-Time High; U.S. Dollar Weaker, British Pound and Euro Strong
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Sign up to get the latest market updates and free signals directly to your inbox.The US Dollar continues to come under broad pressure, and the US Dollar Index has now traded lower for the fifth straight day, nearing a 2-year trough.
Yesterday, oil futures advanced after the markets learned that China plans to boost oil imports from the United States and that most of the OPEC+ members complied with oil production cuts last month.
WTI Crude Oil and Euro Hitting Highs; U.S. Dollar Selling Off, Stock Markets Mostly Drifting