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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Wall Street saw the biggest stock swings in two months yesterday as oil volatility dragged the Standard & Poor’s 500 Index further from the record it reached less than two weeks ago.
As was widely expected in Japan, the general election held yesterday sent the Shinzo Abe coalition back into power, with the Prime Minister now free to push through his plans to further weaken the Euro which will, hopefully, revive the stagnant Japanese economy.
Asian shares slipped to nine-month lows on Monday as oil prices sank to fresh 5-1/2 year lows on concerns about a supply glut and slower global growth, hitting stocks of energy and commodity producers and exporters.
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The value of the Russian ruble has sunk to new lows against the U.S. dollar and the euro, even as the Central Bank of Russia (CBR) raised its key interest rate again in an effort to arrest the free-fall in the currency and bolster the country's faltering economy.
OPEC cut the forecast for how much crude oil it will need to provide in 2015 to the lowest in 12 years amid surging U.S. shale supplies and reduced estimates for global consumption.
Asian stocks advanced, following U.S. stocks higher on better-than-estimated retail sales in the world’s biggest economy. Oil in New York extended declines below $60 a barrel.
After profit taking investors sent the greenback lower during three days of volatile FX markets, the U.S. Dollar managed to regain its footing, rising broadly against its peers.
Gold edged towards a seven-week high on Thursday as a plunge in global equities and sell-off in the dollar burnished the metal's safe-haven appeal.
Japanese stocks tumbled to a more than one-week low on Wednesday morning, as political uncertainty in Greece spooked world markets already under strain from a slide in crude oil prices and worries over global growth.
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The Japanese Yen made strong gains during Tuesday’s Asian and European trade after the news that oil prices had fallen again sent FX investors in search of a safe haven. With risk appetite waning, commodity linked currencies such as the Australian and Canadian dollars were both under pressure as a result.
Asian stocks fell, after U.S. shares dropped the most in almost seven weeks, as oil extended its decline and a stronger yen weighed on Japanese exporters.
The U.S. Dollar struck a 7-year peak versus the Japanese Yen in the wake of unexpectedly strong labor data from the U.S. which tended to cement investors’ view of a forthcoming interest rate increase from the Federal Reserve Bank.
Oil prices fell more than a dollar on Monday and approached a five-year low hit early this month after Morgan Stanley cut its price forecast for Brent crude, saying oversupply will likely peak next year with OPEC deciding not to cut output.
Brent extended losses from a four-year low as Saudi Arabia offered customers in Asia record discounts on its crude, bolstering speculation it’s defending market share. West Texas Intermediate dropped in New York.
The Euro dipped to below the $1.23 level as investors await today’s policy review meeting outcome from the European Central Bank; the EUR/USD pair hasn’t traded at that low price since 2012.