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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Market updates for May 11: Markets remain optimistic as WTI crude oil stabilizes near $25.
Non-farm payroll reports showed that the U.S. unemployment rate hit 14.7 percent in April,
The US Dollar came under heavy pressure in Tokyo trade as FX trades await the release of US labor data, specifically, April's Non-Farms Payroll Report.
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Some optimism from the Bank of England helped to push the Pound Sterling higher against the Euro and US Dollar during early London trade today.
The Bank of England decided to keep its cash rates on hold at 0.1 percent and decided to set its bond purchasing program target at 645 billion pounds.
Oil prices edged modestly higher on Thursday after falling 2 percent on Wednesday to snap a five-day winning streak.
Market updates for May 7: Global stock markets falter as the U.S. reports another 2 million+ unemployment claims yesterday.
The Pound Sterling continues to have trouble finding its footing ahead of tomorrow's meeting of Bank of England policymakers.
The Italian Prime Minister Giuseppe Conte said on Wednesday that because of the independence of the Central Bank, no constitutional court can decide what the bank can do or not.
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Oil futures were modestly lower on Wednesday afternoon in Asia, after seeing five consecutive days of gains for the first time since July 2019.
May 6 updates: Global stock markets remain strong on optimism that the first wave of the coronavirus pandemic has peaked in most OECD nations.
Thanks to an improvement in risk sentiment, the Pound Sterling was able to recover some earlier losses during Tuesday trading in London.
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The Reserve Bank of Australia decided to hold the cash rates steady at 0.25 percent.
Asian stocks and U.S. stock futures were higher on Tuesday as continued reports of economic reopening across the globe boosted investor optimism.
The Pound Sterling edged broadly lower during London trade on growing worries that the trade relationship between the United States and China is deteriorating.