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Forex news

The pound traded in the red zone due to the retreat of the Brexit talks

08:07 am 2018-10-15

  The British pound fell against a range of major global currencies on Monday after negotiations over the UK's departure from the European Union reached a deadlock over the weekend over the Irish border issue. Despite yesterday's reports of an agreement on Brexit from the EU, the EU's chief EU negotiator after meeting his British counterpart Dominique Rapp said the two sides had not succeeded in resolving all issues despite "intensive efforts." Barnier stressed that avoiding the hard border between the Republic of Ireland and Northern Ireland remains the main…More

The pound was mixed with good news about the brexit

01:20 pm 2018-10-12

 The pound fell slightly against the euro this morning as European markets rebounded after opening at lower levels yesterday. European stocks were submerged in a sea of ​​red on Thursday after Wall Street saw its biggest one-day decline in the previous months. On Friday, the UK government released 29 documents describing the effects of the BRICS on the economy, trade, environment and other areas of life. According to the report, gas trade with the EU, commercial fishing, consumer rights, sanctions policy and existing free trade agreements are…More

The Dollar continues to rise despite Trump criticism of the Fed

12:24 pm 2018-10-12

 The Dollar rose on Friday, reflecting investor confidence in the US economy, despite criticism from President Donald Trump of the Federal Reserve and selling in US equities. In addition to concern over a US-China trade war and interest rate expectations will rise further in the coming months, the dollar has strengthened by 2.5 percent since July. But the fall in US Treasuries and the weaker-than-expected rise in US consumer prices saw the dollar slide by half a percent on Thursday as traders cut their bet on raising…More

Canadian Dollar Falls on Low Oil Prices

01:08 pm 2018-10-11

 The Canadian dollar fell against its major counterparts in the European session on Thursday, as oil prices fell after a report on the increase of the US Treasury. The Canadian dollar was also affected by global concern as global equities fell Oil for November delivery fell $ 1.16 to $ 72.01 per barrel. Chinese yuan-denominated oil prices fell more than 3% Crude futures for December delivery fell 3.05 percent, or 18.2 yuan, to finish at 574.2 yuan a barrel ($ 82.86). Meanwhile, OPEC Secretary-General Mohamed Barkindo said on…More

The US dollar fell against the majors and a strong decline in US stocks

07:11 am 2018-10-11

 The US dollar, traditionally a safe haven, fell unexpectedly despite stocks falling. While the Australian dollar rose on Thursday even after the global markets fell sharply The Dow closed down 940 points from Tuesday's high In the worst selling since February, the Dow Jones industrial average finished trading on Wednesday, down 887 points from Monday's close and 941 points lower than Tuesday's high. The index lost 1% last month and 4.58% last week, reaching its lowest level since August 23. Nike led the losses as it dropped 6.81%…More

The dollar performance diverged after several comments on interest rates

11:02 am 2018-10-10

 The US dollar was halted on Wednesday as US Treasury yields remained below seven-year lows, but demand for the dollar continued to support expectations that would likely raise interest rates from the Federal Reserve. The dollar paused temporarily as yields on 10-year Treasuries fell after hitting a seven-and-a-half-year high on Tuesday. Rising bond yields have hurt demand for stocks in recent sessions, leading to a decline in risk appetite. The dollar posted strong gains this month after a number of federal officials' comments on interest rates More

The Pound is rising against the Dollar due to UK GDP data

09:51 am 2018-10-10

 The pound trimmed gains against the dollar on Wednesday after data showed that the UK economy was steady in August, but grew by 0.7% quarter-on-quarter. British gross domestic product flat in August UK gross domestic product (GDP) grew by 0.7 percent in the three months to August, but remained steady compared to the previous month, the Office of National Statistics said on Wednesday. All three major sectors contributed to GDP growth with the services sector rising by 0.5% in the three-month…More

The GBP is retreating against major currencies due to the BRexit

12:49 pm 2018-10-09

 The pound fell against its main rivals in Tuesday's European session, following comments by a conservative House member suggesting his fellow conservatives were ready to vote against Chuckers' amendments and the UK should have the courage "to move forward without agreement."  The spokesman for Mai does not bargain out without framework for future relations On the other hand, British Prime Minister Theresa May's spokesman said the United Kingdom can not agree to any exit agreement from the European Union that does not include a precise framework…More

The Dollar rallied against major currencies during European trade

10:04 am 2018-10-09

  The dollar rose against a basket of currencies on Tuesday and the yen remained a safe haven in dealing cautiously with rising US bond yields and concerns about global growth prospects that weighed on risk appetite. The yield on 10-year US Treasury bonds rose 3.25% for the first time since 2011 China will not use the yuan's exchange rate as a weapon in the ongoing trade war with the United States, the Chinese Foreign Ministry said Tuesday. In addition, the comments made by an unnamed high-level official from the US…More

The euro fell in the rising Italian bonds despite positive news of the currency

11:40 am 2018-10-08

  The euro fell against the major currencies in early trading despite a number of good news for the single currency on Monday as Italian bond yields rose, as the European Commission warned that the Italian budget plan was "a serious concern", raising fears of confrontation between Italy and UNHCR European Commission. Last week, the European Commission told Italy that it was concerned about its budget deficit plans for the next three years, as it was out of what it intended in July. The Fed may…More

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