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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The Dubai Financial Services Authority (or DFSA) recently granted Pepperstone a license to operate in Dubai, which would let the broker provide its financial products to United Arab Emirates residents as well as to the residents of other Arab states of the Persian Gulf.
The Pound Sterling edged lower against both the US Dollar and Euro during London trade on Monday as concerns of a second Covid-19 wave weighed on risk sentiment.
China's factory output increased in May, for the second month in a row, showing the improving situation of the Chinese economy, though not complying with the analysts' expectations.
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New wave of cases and hospitalizations sweeps parts of U.S.; Stocks fall & U.S. Dollar bid; Daily new coronavirus cases hit new all-time high Friday.
In Asian trade on Friday, the US Dollar is being pushed higher along with other safe haven currencies amid growing speculation that a swift recovery is unlikely for the global economy.
The Pound Sterling could not maintain momentum after its' days long winning streak against its US rival and European counterpart.
Yesterday, the Federal Reserve announced its decision to leave interest rates unchanged, a move that was heavily expected by the markets.
Federal Reserve leaves rates and stimulus unchanged; Stocks fall & U.S. Dollar bid; Daily new coronavirus cases hit new all-time high.
Brexit uncertainty kept the Pound Sterling lower against its European counterpart even as a weaker US Dollar helped to push the Pound higher.
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Oil futures advanced yesterday, despite the fears for oversupply that surged as of lately because of the Gulf states decision not to extend their voluntary supply cuts after June.
FOMC releasing rate decision, statement, and forecast later; NASDAQ hits all-time high; Japanese Yen continues to advance
The US Dollar regained higher ground against its peers during London trade on Tuesday as investors decided to do some profit taking.
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The Business Cycle Dating Committee of the National Bureau of Economic Research recently claimed that the United States economy is currently amid an economic recession, given the unprecedented decline in production and unemployment.
NASDAQ makes record new high as stock markets rise; Japanese Yen recovers strongly; Global daily coronavirus deaths highest yet
The Pound Sterling made some headway against its key rival, the US Dollar during London trade on Monday.