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 US stock markets hit historical highs yesterday after President-elect Joe Biden began choosing the members of his future cabinet and after President Donald Trump's decision to initiate the transition process.
Dow Jones Index Closes Above 30,000; S&P 500, Nikkei 225 Close at All-Time Highs.
An improvement in risk sentiment helped push the pound sterling toward the 2-month peak it had struck on Monday.
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The General Services Administration informed President-elect Joe Biden that he can begin the formal transition process.
Trump Instructs Formal Biden Transition; U.S. Dollar Down, Risk Up; WTI Crude Oil Bid.
The pound sterling was higher against its major rivals during London trade on Monday, after the announcement of positive news regarding a vaccine to combat the spread of COVID-19.
The US stock markets closed in mainly negative territory last week as the pandemic advances in the United States and despite continued hopes for an effective vaccine.
December Vaccination Plan Boosts Stocks; U.S. Dollar Down, WTI Crude Oil Bid.
The US Dollar briefly reversed course after Steve Mnuchin, the Secretary of the US Treasury, announced that the Federal Reserve Bank would return funds intended specifically for loans
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The Australian Bureau of Statistics recently reported that the unemployment rate in October stood at 7 percent, an increase from the previous month's 6.9 percent but lower than expected, as analysts predicted it to be at 7.2 percent.
Stocks Lower on Natural Retracement; U.S. Dollar and Yen Strengthen, WTI Crude Oil Hits 2-Month High.
The United Kingdom's Office for National Statistics reported that the Consumer Prices Index (CPI) for September went up more than expected in October at 0.7 percent (year-on-year), after being at 0.5 percent in the previous month.
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Stocks Tread Water on Poor U.S. Sales Data; Yen Strengthens, Bitcoin Hits $18,000.
The pound sterling was higher against key rivals during the London trade on Tuesday as Forex players wait for further news on the Brexit discussions.
Moderna, Inc. reported yesterday that its COVID-19 vaccine is 94.5 percent effective, becoming the second company to report a high-performing vaccine after Pfizer announced its own with over 90 percent efficacy.