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Forex news

Euro is falling due to a slowdown in the German private sector

11:59 am 2019-03-22

The Swiss franc touched the strongest level against the European currency on Friday during a massive sell-off in equities. The euro fell across the board and the yield on 10-year German bonds fell to zero for the first time in 29 months amid concerns over the euro-zone economy and concern over whether Britain's parliament would agree to delay Britain's exit from the European Union. . The monthly IHS Markit survey showed a contraction this month in the overall activity of the French corporate sector and a decline in industrial…More

Bank of England keeps interest rates unchanged and the GBP is falling and bonds are rising

12:28 pm 2019-03-21

In a widely expected decision, the Bank of England's Monetary Policy Committee kept the interest rate unchanged at 0.75% by unanimous vote. The asset purchase facility remained at € 435 billion. Here are some key meals from the monetary policy statement. • Since the last meeting of the Committee, the news in the economic data has been mixed, but the inflation policy report of the MPC in February is on track. • Massively reduced global GDP and trade growth continued. • The outlook for…More

Dollar is different after the Fed decision to fix interest rate

08:44 am 2019-03-21

  The dollar was mixed in morning trade as markets continued to absorb the Federal Reserve's decision to stabilize interest rates and rule out the possibility of raising them this year as markets shrugged off uncertainty over whether Beijing and Washington could reach an agreement ending a year-long trade dispute. Investors continue to follow the development of trade negotiations between the United States and China after US President Donald Trump said Washington's tariffs on Beijing could last for a long time.  After the Federal Reserve's decision to…More

Sterling falls against all major currencies due to concerns of the Brexit

09:29 am 2019-03-20

  The pound fell against major currencies during Wednesday's tauls, as Brexit fears continued amid reports of a request for an extension from Britain for a break-out period against a reluctance on the European side of approval. Ledsum confirms that Mai will seek to postpone Brexit from the European Union   Prime Minister Teresa Mae will seek a short delay to leave the European Union, British House of Commons leader Andrea Lidsom confirmed on Wednesday. Speaking on the radio, Ledsum noted that the postponement of Britain's…More

The Dollar Falls With the Start of the Fed Meeting

11:57 am 2019-03-19

 The dollar traded lower during European and Asian trading on Tuesday, ahead of the Fed meeting due tomorrow from the meeting due to begin today US GDP growth slows in 2019 due to trade survey The United States' gross domestic product (GDP) is set to slow sharply in 2019 year-on-year and will continue to fall next year but at a slower pace, according to the CNBC's March survey released by CNBC on Tuesday. Among the reasons cited are the slowdown in trade frictions and the…More

Euro rallies as economic data weighs in Euro zone

10:37 am 2019-03-18

  The euro rose during the weekend, after a number of positive reports on the insistence of all European parties to insist that Britain does not go out without an agreement, as well as data on the merger of the two largest banks in Germany. The shares of Germany's biggest banks, Deutsche Bank and Commerzbank, rose on Monday after That companies confirmed on Sunday that they are in discussions about a possible merger. They noted that "there is no certainty that any transaction will occur." …More

The dollar is retreating at the end of weekly trading and trading negotiations

08:47 am 2019-03-15

   The dollar traded lower in red at the end of the weekly trading as traders watched the bricast developments as well as new statements about trade negotiations The United States and China are making "significant progress" in trade negotiations The United States and China have made further progress in their trade negotiations, the official Xinhua news agency reported. He said Vice Premier Liu spoke by telephone with US Trade Representative Robert Lightzer (center) and US Treasury Secretary Stephen Manuchen as talks between the two…More

Sterling fell before the vote to delay Brexit from the European Union

08:23 am 2019-03-14

 The pound was traded in the red zone on Thursday, where the British parliament is due to vote on whether to extend Article 50 and postpone the withdrawal for three months, so that it can be negotiated. Yesterday, MPs rejected Britain's exit from the European Union. Prime Minister Teresa Mae reiterated that MPs must vote for the deal, deciding to reject the non-agreement scenario. British MPs pass amendments to reject Britain's exit from the European Union Britain's parliament on Wednesday approved an amendment by MP…More

The dollar fell during Wednesday session and is awaiting the Brexit developments

12:10 pm 2019-03-13

 The dollar fell against major currencies during European trading on Wednesday as traders awaited the latest UK exit from the UK as well as US policy developments. European wrath of the Brexit developments A report of an outbreak of "anger" among EU envoys over the UK's plans for a lack of agreement as there was "outrage" about Britain's exit plans from the UK without an agreement among ambassadors at an EU meeting on Wednesday, according to a report by BuzzFeed News. The report added that…More

The GBP is relatively lower against the major currencies after the GDP data

10:18 am 2019-03-12

 British trade data, industrial production, construction data and GDP were all released for January at 11:30 am, Central Europe on Tuesday. After these data, the pound fell against major currencies. UK GDP rose 0.5% in January, up from a 0.4% drop in December, the National Bureau of Statistics said in its monthly estimates on Tuesday. In the three months to January, the increase in economic activity was 0.2% compared to the previous three months. Industrial production in the UK rose 0.6% in January More

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