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Forex news

European Central Bank rates remain unchanged

02:30 pm 2019-01-24

Euro continued its decline against most major currencies on Thursday after the European Central Bank's decision to set interest rates unchanged at the start of the 2019 meetings, as expected, confirming that they will remain at current levels until at least summer. The bank's board decided to keep the key interest rate at zero. The interest rate on deposits held by banks at the ECB was set at -0.4%. Last month, the European Central Bank ended its 2.6 trillion euro ($ 2.96 trillion) bond purchase plan for four…More

Dollar is experiencing limited gains against major currencies

09:22 am 2019-01-24

US dollar rose against a basket of rivals on Thursday, but gains were under control due to fears of global growth, US government closures and the ongoing US-China trade war. China denies reports of cancellation of medium-level trade negotiations The media reports on the cancellation of the mid-level trade talks between China and the United States are not real, said the spokesman of the Ministry of Commerce, Gao Feng, on Thursday, adding that the two countries are in close contact to prepare for Vice Premier…More

USD stabilizes against major currencies and awaits trade negotiations

08:42 am 2019-01-23

 US dollar was steady against major currencies on Wednesday with expectations of continued bond rally and stock declines amid concerns about a slowdown in global growth and trade tensions between the United States and China. Lagarde: There has been no significant change in growth On the global slowdown, the head of the International Monetary Fund (IMF) on Tuesday tried to ease concerns about a change in global economic expansion expectations. Christine Lagarde, in an interview with CNBC in Davos, admitted that the risk…More

US dollar has stabilized against major currencies amid fears of a global economic slowdown

01:08 pm 2019-01-22

 US dollar has stabilized during the session amid uncertainty about global growth and the fiscal plan, which faces a strong struggle in the House of Commons and the European Union, which does not want to renegotiate, As well as the continuation of the US government closure without any indication of the near end. As well as a series of reports signaling a slowdown in global economic growth from the International Monetary Fund.  Lagarde: There has been no significant change in growth More

Pound rallied against major currencies after positive data from the UK

10:34 am 2019-01-22

British pound rose against major currencies on Tuesday, despite the unfavorable bricast agreement, but the data on budget deficit and unemployment contributed to raising the pound sterling Unemployment in the UK fell from September to November Unemployment in the UK was 4% in the three months from September to November 2018, the country's National Statistics Office said on Tuesday. This is 0.2 percentage points lower compared to the corresponding period in 2017, while almost unchanged from the period June - September. The number of employees,…More

Sterling divergence and anticipation of Brexit developments

11:34 am 2019-01-21

British pound fell on Monday amid a state of uncertainty about the UK position and the proposed solution from the government side to the next steps in the exit agreement after two major events last week. First, the parliament rejected British Prime Minister Teresa Mae's agreement to break out, Theresa May is expected to clarify her "alternative" plan for Britain's exit from the EU, designed to break the deadlock in parliament by setting proposals that are expected to focus on getting more concessions from the EU.More

US dollar stabilized after yesterday gains amid continued US government shutdown

08:16 am 2019-01-18

 US dollar steadied in morning trade on Friday after rising slightly earlier in the day amid optimism about progress in China-US trade talks. After rumors later dismissed by Gul, the US Treasury Secretary's proposal to cancel the US tariffs imposed on China in several measures to instill confidence and facilitate the termination of trade negotiations On the other hand, the longest government shutdown in the United States continued, with Trump retaining the necessary funding to build the government wall Steven Menuchin refuses to testify before…More

British Parliament discusses an alternative plan and the Sterling is different

11:27 am 2019-01-17

 British Parliament Discusses Alternative Plan The British Pound (GBP) is trading against the majors in European Thursday trading in anticipation of the latest bricast developments British Parliament discusses plan B for Britain on Jan. 29 LONDON (Reuters) - UK lawmakers will hold a debate on alternative Brexit proposals on Jan. 29, House of Commons leader Andrea Lucias said on Thursday. He pointed out that Prime Minister Teresa Mae will make a statement in the House of Commons on Monday, January 21, and the table is an…More

Dollar rallies in morning trade as trade talks continue

09:43 am 2019-01-17

 US dollar rose against a basket of its main rivals on Thursday, taking advantage of recent strong gains, while the pound fell amid lower risk sentiment. The Fed said on Wednesday in a report on the economy that supports President Jerome Powell's axes for more "patience" about raising interest rates, companies in the United States have become less optimistic in recent months. Trade negotiations At the level of trade talks, the Chinese Ministry of Commerce confirmed Thursday that Vice Premier Liu will pay a…More

Dollar rise and stock stability as government shutdown continues

01:28 pm 2019-01-16

 US dollar was mixed against major currencies on Wednesday as the US government closed its longest ever session US stocks closed lower on Wednesday US stocks were flat in pre-sell trading on Wednesday as US banks were due to announce profits. Bancorp, Bank of America and Goldman Sachs will publish financial updates ahead of the opening bell on Wall Street. Meanwhile, investors continue to monitor developments in trade as Chinese Vice Premier Liu Hu accepted an invitation to visit Washington at…More

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