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Forex news

The euro rose after optimistic reports from Italy

11:13 am 2018-11-21

  The euro rose against its main rivals at the European session on Wednesday, following a media report that the Italian government is likely to make concessions to the EU on certain aspects of its budget. Italian Deputy Prime Minister Matteo Salveni said on Wednesday he was not prepared to discuss the country's budget deficit target in the government's controversial 2019 spending plans. Salfini said the budget deficit target was 2.4, causing panic in Brussels for being a higher deficit than previously approved , Can not be discussed, Reuters reported…More

Dollar is stabilizing against major currencies during morning trade

06:28 am 2018-11-21

 The dollar stabilized on Wednesday in Asia despite US stocks falling overnight. Other major currencies have not changed much. Traders continued yesterday a new phase of tug-of-war between China and the United States of what is seen as the development of trade tensions  United States: China has taken "unreasonable measures" on trade recently US Trade Representative Robert Laetzer has issued an update on the investigation into China's business practices ahead of talks between the two countries at the G20 summit in Argentina. The report concluded…More

The pound fell after the Carney report in parliament

01:44 pm 2018-11-20

 During Tuesday's session on the regular inflation report in the UK Parliament, Mark Carney said short-term fluctuations in economic data make the current quarter "extraordinary" He cited the hype from retail sales and investment issues. The governor of the Bank of England noted that volatility is expected by policymakers. He said that further "small" decline in unemployment is expected, while it stabilizes. In addition to the small recovery in productivity, wage growth could strengthen by just a percentage point to 3.5%. The central bank president stressed that the rate…More

dollar stabilized against major currencies during morning trade

08:03 am 2018-11-20

 Dollar settled in morning trade, while the Australian dollar fell on Tuesday. Comments from Federal Reserve Chairman John Williams received some focus, saying the Fed "is likely to raise interest rates to some extent." The remarks of a Fed member Williams included economic hints where he said that despite the state of the good economy, there are still long-term issues   The US economy is in good shape, with a strong job market creating so many jobs, John Williams, president and chief executive officer of…More

Dollar Falls on Interest Rate Concerns and GBP Stabilizes

10:31 am 2018-11-19

  The dollar fell against a basket of currencies on Monday, adding to losses on Friday amid uncertainty about the pace of future US interest rate hikes and the dollar index hit a 16-month high of 97.53 on Nov. 12. Confidence in the market remained cautious following tensions between US Vice President Mike Pines and Chinese President Xi Jinping at the APEC summit over the weekend. As the dollar weakened on Friday after reports that China's holdings of US bonds fell at their fastest pace in eight months to…More

pound and euro traded mixed in morning trade amid a focus on developments

08:33 am 2018-11-19

The British pound and the euro traded mixed during the morning trading amid the focus on the developments of Britain's exit from the European Union with the continuation of statements of opposition and others in favor of different positions with the existence of new proposals Extended exit period The Financial Times reported that Michael Barnier, the EU's chief negotiator for the European Union, proposed extending the transition period in the United Kingdom until 2022. During the transitional period, the UK is to remain in the EU…More

The Dollar declined against the major currencies during early trading

08:03 am 2018-11-16

  The dollar traded lower in Asian trading as news sprang from unrest in the UK, or China-US talks on trade tensions On the other hand, the Dow Jones industrial average jumped more than 250 points on Thursday. Earlier, it was reported that the United States and China are intensifying efforts to resolve the trade dispute at the G20 summit in Buenos Aires at the end of the month. US Trade Representative Robert Laetizer told some industry executives that the next set of tariffs on Chinese goods is already pending.More

Pound fall as UK ministers split over the exit agreement

09:50 am 2018-11-15

 The British pound fell against a basket of currencies on Thursday as investors closely followed the political turmoil surrounding the UK's exit from the European Union. The pound reacted to news of the resignation of Minister of Finance, Dominique Rapp, after British Prime Minister Theresa May confirmed that her cabinet supports the draft exit deal. Meanwhile, Northern Ireland's Minister of State, Shiles Fara, resigned earlier in the day. Labor party describes Brixett deal as "miserable failure" Kier Stermer, secretary of the Labor Party's Brixit, criticized…More

The Australian Dollar rallied after strong employment data

07:34 am 2018-11-15

 The Australian dollar rose against its major counterparts in the Asian session on Thursday, after data showed that the country's unemployment rate fell more-than-expected in October, while employment rose. Data from the Australian Bureau of Statistics showed Australia's unemployment rate was seasonally adjusted at 5.0% in October. The Australian economy added 32,800 jobs last month - beating expectations of 20,000 after adding 7,800 jobs the previous month. High risk spirit The currency boosted risk appetite as British Prime Minister…More

The dollar decline and the stability of the pound as Powell speech and inflation data

09:39 am 2018-11-14

The US dollar fell in Wednesday's trading but is still near a 16-month high supported by the possibility of a rate hike in December and ahead of inflation data due later today. While the pound fell below 1.30 ahead of the British prime minister's main meeting to discuss the draft agreement on Britain's exit from the EU after more than a year of talks. British exit agreement In the same context, a member of parliament from Northern Ireland's Democratic Unionist Party, Jeffrey Donaldson, said…More

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