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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According to well-known investor, Marc Faber, Greece is bankrupt and should default, positing that a "geopolitical game of chess" was being played out in the region.
As fears of a default weighed on European and U.S. stock and bond markets, the European head of the International Monetary Fund (IMF) said on Friday that Greece’s growth projections will need to be "significantly" revised down from the estimate made last week that Greece's economy would grow by 2.5 percent this year and 3.7 percent in 2016.
Again, it should be a quieter week, with the primary focus likely to fall upon the Australian Central Bank statement and Eurogroup Meetings. Get the economic and political calendar for the week of April 20, 2015 here.
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Today’s March consumer price index is more important than usual since it is one piece of data that traders say could change their assumptions on Fed policy.
Over the past 18 months, the Australian Dollar has been under significant pressure, at one point striking a 6-year trough as growth prospects diminished.
European Central Bank (ECB) chief Mario Draghi dismissed fears of a Greek default at his regular press conference in Frankfurt on Wednesday, after the central bank announced that it was keeping interest rates steady.
London continues to compete with San Francisco's web expertise and New York's financial clout as it pushes to be the foremost financial technology - or fintech - center in the world. Already a center of the $5-trillion-a-day global currency market, it now wants to be home to a controversial upstart –bitcoin.
Early morning earnings reports from major financial companies and a few economic reports, including industrial production, could set the tone for today’s markets.
Recent comments made in Japan by one of the Prime Minister’s economic advisors have pushed the Japanese Yen to a 2-year peak versus the common currency Euro as FX traders consider the likelihood that the Yen’s value has deteriorated beyond the Japanese government’s intentions.
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Greece is preparing to declare a debt default unless it can reach a deal with its international creditors by the end of April.
Commodity-linked currencies, notably the New Zealand and Australian Dollars, experienced a sharp decline after China’s National Bureau of Statistics reported earlier today that exports declined to -15% in March, well off the consensus expectations of a decline to only 12% and the worst numbers in 12 months.
A rally in China's stock markets to seven year highs on Monday kept an index of Asian shares near its highest level since September, as weak Chinese trade data hardened expectations for more economic stimulus measures from Beijing.
This week should be quieter than last week, with the focus turning to central bank statements and actions for the EUR and the CAD.
The first big wave of earnings reports is expected in the week ahead, with major banks and financials releasing numbers for the past quarter.
After Janet Yellen’s dovish tones surprised at the last Fed policy decision, yesterday’s release of the Federal Reserve’s policy protocols from the March meeting might have given some hawkish bulls reason to believe that a summer rate hike was still on the table.