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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As investors await the Federal Reserve Bank release of its latest protocol and minutes, the Dollar was pushed lower versus the Euro as traders ponder the possibility of a 2015 rate hike.
Oil prices seem to be edging up slowly. Despite the sudden increase in U.S. stockpiles, crude oil futures rose in early Asian trade on Thursday with additional trading from Chinese traders following a week long National Day holiday period.
The Bank of Japan’s optimistic outlook for the Japanese economy helped to push the Japanese Yen broadly higher.
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Asian stocks zoomed up Wednesday hitting a seven-week high as oil prices boosted resource shares and emerging economy currencies.
The Aussie Dollar took the lead among the major currencies after the Reserve Bank of Australia left interest rates unchanged.
Monday saw market rallies across the globe with both the S&P 500 and Dow Jones Industrial Average both closing up near 1.8 percent and European stocks recovering 3 percent.
The US Dollar had been broadly lower during European trading following Friday’s dismal labor report.
The Greek populace has landed Alexis Tsipras back in the Prime Minister’s office but things aren’t going to return to normal till the country has taken control of past debts that have placed it in jeopardy to begin with.
This is going to be a busy and important week, with crucial Central Bank data coming for the USD, the British Pound, the Japanese Yen and the Australian Dollar. Get the economic and political calendar for the week of October 5, 2015 here.
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FXCM, a leading online provider of foreign exchange trading is back in the headlines again. It announced Thursday that it was the victim of a criminal cybersecurity incident involving unauthorized access to customer information.
The Euro came under pressure as expectations have grown that the European Central Bank may be compelled to enlarge its Quantitative Easing scheme.
Asian manufacturing reports released today show both China’s and Japan’s PMI’s coming in at lower numbers.
The Euro tumbled broadly as preliminary inflation data which moved into negative territory sent investors elsewhere on growing speculation that the European Central Bank will now be compelled to ease further.
There hasn’t been a worse quarter in the financial markets since 2011. Analysts are seeing the third quarter of 2015 as the combination of traumatic events that hit the world’s two largest economies.
Safe haven demand helped to push the Swiss Franc and the Japanese Yen higher while commodity currencies such as the Australian and Canadian Dollars were sent lower after Oil prices fell.