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.
US advance GDP data released Thursday was unexpectedly strong, possible due to recent new tariffs boosting demand for domestic goods.
S&P 500 Index Makes New Record, But 6,500 Unbroken; NVIDIA Falls 4% on Poor Growth Forecast; US Preliminary GDP of 3.1% Expected; Gold Looks Poised for Bullish Breakout Soon
Australian CPI Jumps to 2.8%; Trump Fires Fed Board Member for Cause, Court Case Ahead; Crude Oil Falling; S&P 500 Index Close to All-Time High
CME FedWatch Shows 87% Chance of September Rate Cut of 0.25%, 43% Chance of Additional Cut Next Meeting; Stocks Rising in Asia; Ethereum Hits Record High Sunday but Retreats
US CPI stays at 2.7% in July, core CPI rises to 3.1%, boosting market odds of a September Fed rate cut to 94%.
The Bank of England (BOE) lowered the cash rate at today’s meeting by a quarter-point. This marks the second rate cut this year and brings the cash rate to 4.0%, its lowest level since March 2023. The British pound rose 0.50% after the rate decision.
The US Federal Reserve maintained the funds rate at 4.25%-4.50% at Wednesday’s meeting.
President Trump Announces Trade Deal With EU, 15% Tariff on Imports; US Stock Indices Rise Strongly; FOMC Meeting Awaits, Rate Hold Expected
President Trump Announces Trade Deal With EU, 15% Tariff on Imports; US Stock Indices Rise Strongly; FOMC Meeting Awaits, Rate Hold Expected
The European Central Bank (ECB) maintained interest rates at 2.15% today’s policy meeting, a move that was widely expected. The Euro has posted minor gains following the decision.
Global Stocks Rise Higher on Trade Optimism, Led by the S&P 500 Index Closing Much Higher at Record High for Fourth Day; Silver Reaches 13-Year High, Some Other Metals Also Bullish; ECB Policy Meeting Awaited; Tesla Announces Poor Earnings Data
Nikkei 225 Index Powers to 1-Year High on News of US Trade Deal; S&P 500 Index Closes at Record High for Third Day; Silver Reaches 13-Year High, Gold Near Record High, Other Metals Also Bullish
Japanese Yen Weakens as PM Ishida Clings On After Election Defeat; Major US Stock Indices Close at Record Highs; Gold Reaches $3,400 for First Time Since June
Japanese Yen Strengthens as Politics Shifts to Right, but Yen Outlook Uncertain; New Zealand CPI a Fraction Lower Than Expected; US Stock Indices Nearing Record Highs; Precious Metals Look Bullish
US Core CPI Data Rose by 0.2% Month-on-Month, Key PPI Metric Coming Today; Canadian CPI Data Meets Expectations; Bitcoin Back Below $118,000 After Trading at Record High Above $123,000; Gold Outperforming Silver; US Stock Market Indices Sell Off After Briefly Making Record Highs; UK CPI Expected Today
