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.
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
The markets were braced for a rebound in June inflation in Canada and the US and that’s exactly what happened today in both countries, as CPI and core CPI climbed higher.
US CPI Data Expected to Show 0.3% Month-on-Month Increase; Canadian Inflation Data Expected to Slow Dramatically; Bitcoin Back Below $118,000 After Trading at Record High Above $123,000; Silver Pulls Back Sharply; US Stock Market Futures Trading at Record Highs Off-Hours
Bitcoin Shows Extremely Strong Bullish Momentum, Powering as High as $122,000; Silver Rises Very Strongly to New 13-Year High Above $39.10; Stock Markets Lower to Mixed After Trump Announces 30% Tariff on EU, Mexico
Bitcoin Briefly Trades at a New All-Time High, Trend Traders Awaiting More Decisive Breakout; Copper Remains Bullish as Trump Imposes 50% Tariff; Trump Announces 50% Tariff on Brazil, Real Reels; NASDAQ 100 Touches New High; US Dollar, Silver Bullish on Tariff Uncertainty; FOMC Minutes Show Fed Split on July Rate Cut
The Reserve Bank of New Zealand (RBNZ) maintained the benchmark interest rate at 3.25% on Wednesday. The decision was widely expected by the markets, and the New Zealand dollar is showing little movement today against its US counterpart.
Copper Futures Make Biggest Daily Rise to Record High, as Trump Threatens 50% Tariff; Trump Says 7 More Tariff Letters to be Sent Today; RBNZ Holds Rates Steady; US Dollar Firm, Trump Exhorts Powell to Cut Rate; Market Await FOMC Meeting Minutes
Reserve Bank of Australia Leaves Cash Rate Unchanged at 3.85%; Trump Unveils First Wave of Steep Tariffs; Stocks Gaining, US Dollar Loses Ground, Euro Higher on 10% Eurozone Tariff Rumor
Trump Admin Announces Sending Tariff Letters Today to Concluded Countries, Lutnick Delays Final Deadline to 1 August; Trump Threatens Extra 10% Tariff for BRICS Alignment; US Dollar Higher; Silver Falls After Testing Long-Term High
US Non-Farm Payrolls, Average Hourly Earnings Data to be Released Today; Swiss Inflation Ticks Higher; S&P 500 Index Prints New Record High, Stocks Mixed Elsewhere; US Dollar Index Continues Weak Recovery
