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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Energy stocks continue on their roller coaster ride with no one certain where and when it will reach bottom.
After weeks of Greece’s request for assistance, the European Central Bank has gone ahead and approved a 68 billion euro ($78 billion), two-week extension on emergency liquidity for Greek banks.
As the Bank of Japan announced that it would maintain its current monetary policy and did not see the need for additional stimulus, the Japanese Yen steadied in London trading after first bouncing higher.
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Today is a day bringing important information from three major central banks. Get the news analysis for February 18, 2015 here.
As investors wait until Friday’s deadline for Greece’s bailout decision they have shifted their focus to more pressing economic events including January’s industrial production report which is expected to turn up slightly from December’s numbers.
Even as the Greek debt talks have collapsed, the Euro was able to regain positive momentum, helped along with a better expected outcome in the release of the ZEW survey which reports on investor sentiment in Germany.
Both Asian share markets and the euro fell in Asian trading on Tuesday after Greek leaders refused a plan to request a six-month extension of its 240 billion euro bailout program.
Oil prices hit close to $62 per barrel during Monday’s trading following the beheading of 21 Egyptians by the Islamic State in Libya.
Before euro zone finance ministers' meeting loomed ominously ahead, Greece repeated on Sunday that it was confident of reaching agreement in negotiations with its euro zone partners.
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Greek Finance Minister Yanis Varoufakis said on Saturday he believed Athens would reach an agreement with its EU lenders about the way out of its international bailout, "even at the last minute".
Asian stocks climbed with emerging-market currencies after a ceasefire deal in Ukraine and signs of compromise on Greece’s debt negotiations.
A surprise comment emanating from the Bank of Japan (BOJ) shortly after London opened for business this morning sent the JPY up about 1% in a sudden spike against the USD, the Euro and the British Pound within a few minutes of the announcement.
The Euro edged lower in London trading on Thursday after there was news that no clear resolution was forthcoming on the Greek debt problem.
Greece was unable to reach a deal with the European Union to stay in an EU bailout program on Wednesday, Eurogroup President Jeroen Dijsselbloem said, noting talks will continue on Monday.
The situation in Greece, related to the modification of the latest debt bailout, has only become more confusing rather than clearer, and as a result FX traders have sold off their holdings in the Euro as they await a decision by EU leaders and Finance Ministers.