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.
Oil prices slumped on Thursday morning, snapping a three-day period of gains after San Francisco Federal Reserve President Mary Daly commented that while the U.S. economy has strong momentum, uncertainty and the global growth slowdown are impacting the U.S. economy to the downside.
The British Government is going to ask the Queen of England to suspend the Parliament, as an attempt to deliver the Brexit by October 31.
The Pound Sterling lost ground against the greenback and Euro as FX traders fret over Boris Johnson's possible intent regarding the Brexit.
The Japanese yen held strong on Wednesday morning after an inversion in the U.S. yield curve sparked recession fears once again, sending traders flocking to the safe-haven currency.
On Monday, comments out of Washington told of a call from Chinese trade negotiators to U.S. trade officials, claiming that China is eager to resume trade talks.
The British Labour Party Head Jeremy Corbyn is meeting with the members of the opposition parties to discuss a plan to stop a no-deal outcome for the Brexit.
Gold prices retreated from six-year highs hit on Monday after U.S. President Donald Trump hinted that a break in the trade war between the U.S. and China may be imminent.
The common currency Euro was lower against the greenback during Monday trade in London after the latest survey from Germany showed business sentiment continuing to erode.
The United States President Donald Trump said that China wanted to reach a Trade deal with the Americans
The Japanese Yen was broadly higher during Asian trade on Monday after the weekend's G7 meeting failed to improve the trade war situation.
This week is likely to see a similar level of market activity compared to last week, with no central bank input due at all concerning any of the major global currencies.
French Prime Minister Emmanuel Macron warned his British counterpart against the Brexit on Thursday, saying that the UK could become a United States vassal state. He also said that reopening the negotiations concerning the Irish Backstop is not an option.
Though higher against the greenback currently, currency analysts expect to see increasing volatility for the Pound Sterling as all avenues to a soft Brexit appear to close on the Prime Minister.
Traders got some interesting views of the market on Wednesday afternoon EST; first, the Federal Reserve released minutes of its July meeting, showing that the decision to cut interest rates last month was fraught with conflict and that the Fed does not have a clear path to avert a recession.
Japanese government representatives and their American counterparts are meeting from this Wednesday to discuss trade matters.
