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Forex news

Yuan hits its highest level since July on progress in the talks

09:21 am 2019-01-10

 Chinese currency rose on Thursday after further details leaked out of trade negotiations with the United States. The yuan continued to rise for the second day, reaching 6.7842 against the dollar, the strongest point since July 26. Where participants opened the way for higher-level discussions. The most populous countries have agreed to buy more US goods and services and open up their market for investment, but both sides are said to have left many issues unresolved. US negotiators stressed that the current arrangements justify "continuous…More

The dollar fell after major currencies sleeves Fed Minutes

08:12 am 2019-01-10

US dollar fell on Thursday after the Federal Reserve said in its December meeting that it was ready to stop raising interest rates amid concerns about global growth and inflation, and the Federal Reserve raised its benchmark rate to a range of 2.25% And 2.5% at last month's meeting, The most important points of the meeting of the Fed Some central bank members wanted to keep monetary policy unchanged in December, coinciding with volatility in financial markets.  The meeting's participants pointed out that Fed officials preferred the…More

Yuan hits four-month high

10:50 am 2019-01-09

 China's currency hit its highest level in four months in terms of the official exchange rate against the dollar on Wednesday in the alleged progress in trade talks with the United States. Ho Chi-gin, editor-in-chief of Global Times, said he knew the situation was "very positive" and that the two sides were drafting a joint statement. The round of negotiations, held by mid-level officials, extended to today, which the Foreign Ministry in Beijing called "a very serious approach" by its representatives. Chinese official: More US…More

Dollar fell against major currencies as trade talks ended

08:36 am 2019-01-09

  Dollar slipped against some of its counterparts on Wednesday as hopes for progress in the Sino-US trade dispute boosted currencies linked to high-risk commodities. US, China end trade talks after extension The Chinese Foreign Ministry said in Beijing on Wednesday that negotiations between middle-ranking Chinese officials and their counterparts from the United States had ended and the conclusions would be known in the near future. The tour ended after being extended for another day. The Ministry pointed to this fact as another sign of progress…More

Dollar rose for the first time since the beginning of weekly trading

08:29 am 2019-01-08

   US dollar rebounded on Tuesday in Asia after falling for a fourth session in a row. As traders wait for the Federal Reserve's stance on interest rates Federal Reserve Chairman Rafael Bostick said the central bank may raise interest rates only once this year. "While the US economy is in a healthy state, some uncertainties have caused a blurring of growth," Bostick said. As a result, the Federal Reserve may stop moving ahead with a gradual increase in the interest rate, according to Bostick. …More

Sterling is trading in red as the Parliament progresses from the exit agreement

11:00 am 2019-01-07

 British pound fell against major currencies on Monday, with the exception of the US dollar, dragged down by pressure from the US government Traders are waiting for the british doctrines following the postponement of British Prime Minister Theresa May's vote in parliament on the exit agreement after a trend emerged within parliament to reject the deal late last year. British Parliament to vote on the Brexit Agreement on January 15 The UK parliament will vote on Britain's exit from Prime Minister Theresa…More

Dollar is retreating in the opening of weekly trading and is awaiting the Fed position

08:19 am 2019-01-07

 US dollar fell ahead of the minutes of the Federal Reserve meeting in December and the speech of Federal Reserve Chairman Jerome Powell. Last month, the Federal Reserve voted to raise interest rates for the fourth time in 2018, noting that further interest rate increases were likely this year. While investors will look carefully at the record, they are likely to be dated after Federal Reserve Chairman Jerome Powell's remarks last Friday. In another context, traders expect the possibility of ending the crisis of government…More

Gold falls ahead of US employment data

12:37 pm 2019-01-04

 Gold prices fell on Friday and shares rose after the United States and China announced new trade talks next week. As gold prices trimmed gains on Friday after crossing the important barrier $ 1,300, amid concerns about global growth and investors are looking for data on US jobs. Hatham draws attention to the latest monthly US jobs report for 2018 which will be released later today, with expectations that the US economy will add 180,000 jobs in December.  A special survey showed growth in the…More

Pound was mixed against the currencies after morning data

11:01 am 2019-01-04

The performance of the British Pound against major currencies was mixed after today's data on UK service activity and mortgage approvals in the UK Activity in the UK services sector rose slightly in December The UK services sector witnessed a slight increase in business in December, according to the IHS Market report released on Friday. The UK PMI was seasonally adjusted at 51.2, up from a 28-month low of 50.4 in November. Despite the slight monthly rise, the services sector continues to achieve…More

Dollar continues to slide against currencies and wait for trade negotiations

08:30 am 2019-01-04

 The dollar continued to slide against major currencies as the government continued to remain closed amid a dispute between Trump and the majority party in the House of Representatives over the financing of a concrete wall to secure the southern border with Mexico. On the other hand, traders are waiting for Sino- Pines supports Trump in front of Democrats US Vice President Mike Pines backed US President Donald Trump's request for $ 5 billion in border funding, which led to a partial closure of the…More

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