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.
In an unsurprising announcement at the end of its two-day policy meeting, the Bank of Japan announced on Tuesday that it will maintain the country’s negative 0.1 percent interest rate and the 10-year Japanese government bond yield target at around zero.
Europe’s index of the leading 300 stocks pulled back from Friday’s 11-month high on Monday, with Germany’s DAX down 01. Percent and France’s CAC down 0.2 percent.
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 2016.
Asian shares hovered near last week’s lows on Monday as a Chinese seizure of a U.S. underwater drone added additional pressure to already uncomfortable Sino-U.S. relations.
There will be a significantly lighter news schedule this week compared to last week, with major central bank input due from the Bank of Japan, and the Reserve Bank of Australia.
The U.S. Federal Reserve announced on Wednesday that it will raise interest rates a quarter point to 0.5-0.75 percent, an unsurprising note that sent the dollar to highs not reached in nearly 14 years, with the dollar index hitting 102.62.
With only hours to go before the announcement from the U.S. Federal Reserve as to whether it will raise interest rates, Asian shares traded slightly higher.
Oil prices retreated on Tuesday after hitting 18-month highs on rising Asian demand.
The Dow rose sharply by more than 140 points on Friday, and was joined by the wider S&P 500 Index which closed as a new all-time high record of 2,259.53.
There will be a somewhat heavier news schedule this week compared to last week, with major central bank input due from the U.S. Federal Reserve, the Bank of England, and the Swiss National Bank.
The US Dollar continued to hold onto recent gains versus the Japanese Yen as well as the common currency Euro.
The Kiwi Dollar was the currency market’s largest gainer after gaining 0.7% on speculation of an interest rate hike in 2017.
The Dow skyrocketed more than 250 points on Wednesday afternoon, hitting new intraday highs as traders waited for monetary policy announcements from the European Central Bank in which the ECB is expected to extend its stimulus program beyond the first quarter of 2017.
The Euro was under some pressure as markets look to this week’s policy meeting at the European Central Bank.
Asian shares edged higher on Wednesday as markets continued to recover from the jolt sent earlier this week when Italian Prime Minister Matteo Renzi announced his resignation.
