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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Asian stock markets were broadly higher on Tuesday after reports that the recent tensions in the Middle East were tapering off and the threat of Iranian retaliation against the United States had abated.
In the first full trading week of the new year, the Pound Sterling rebounded during London trade, helped by an upwardly revised business survey.
Europe's Markit PMI manufacturing and services composite was revised higher to 50.9 in December of last year, signaling a stronger expansion in the Eurozone private sector since August 2019.
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The South China Morning Post said, citing a source, that a Chinese trade delegation (led by the Vice Premier Liu He) is planning to travel to the United States on January 13 in order to sign the phase 1
The US Dollar continues to try to shake off its recent downtrend on the back of disappointing economic news out of the United Kingdom and the Eurozone.
During the Asian trading session, the US Dollar was able to regroup after being subjected to a losing streak that lasted through six trading sessions.
2019 was a turbulent year for many markets, especially as the U.S-Sino trade war but traders on edge and called into question how global trade would develop.
The People's Bank of China stated on Wednesday that it is diminishing the reserve requirements in order to increase liquidity and stimulate the economy.
Thanks to a weaker US Dollar, both the pound Sterling and the Euro edged higher in light trade in London.
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A White House adviser said that the US-China trade deal signing is happening soon, but that the US President Donald Trump or the U.S. trade representative would need to confirm this detail.
Optimism that the United States and China will ensure upward movement in global growth as a result of improved trade relations
The EU trade commissioner Phil Hogan said that he expects Britain's prime minister Boris Johnson to abandon his promise to not seek for more extensions for the transition period
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The United States recently attacked 5 facilities in Iraq and Syria related to the Kataib Hezbollah militia group
It is that time of year again! As the Forex market is centered in London and North America, traders should pay attention to their holiday season of Christmas and New Year.
The Chinese commerce ministry stated on Thursday that it's in close communication with the United States concerning the phase 1 of the trade deal, as both sides advance towards that moment making the necessary preparations.