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Forex news

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Forex news

US dollar at a two-week high and heading for a weekly high

08:45 am 2019-02-08

 The dollar rose to trade at a two-week high against major currencies as fears of a trade war continued and demand for the dollar and bonds rose as a safe asset. Traders are watching the Federal Reserve's interest rate hike Trump insists he will not meet Shi before March 1 US President Donald Trump told reporters at the White House Oval Office Thursday that he will not meet with his Chinese counterpart Xi Jinping before the US-China trade truce ends March 1, but said…More

Bank of England keeps interest rates unchanged and the Pound rises

01:05 pm 2019-02-07

 Bank of England decided on Thursday to keep interest rates unchanged. The MPC reached a unanimous decision to keep its benchmark interest rate at 0.75% in an attempt to meet the inflation target of 2%. Carney: British economy is not ready to go out without agreement Bank of England Governor Mark Carney said Thursday that the British economy is not yet ready for Britain to leave the European Union. As the UK partnership with the EU in the future remains unclear, the prospect of…More

US dollar continues to rise against the currencies after the talk of Jerome Powell

08:43 am 2019-02-07

 US dollar continued to rally against most major currencies after Federal Reserve Chairman Jerome Powell, who insisted on the US economy, performed well Jerome Powell: US economy "in a good place" Federal Reserve Chairman Jerome Powell said the US economy was "in a good place" during a speech at a municipal meeting with teachers from across the country in Washington. After his opening remarks, Powell confirmed in his responses to public questions that the Federal Open Market Commission (FOMC) pays particular…More

Dollar stabilized after the Trump State of the Union case

08:42 am 2019-02-06

 Dollar was trading against the major currencies after Trump's 2011 State of the Union address on Wednesday. Where Trump addressed a number of the most prominent issues on the US arena, most notably the trade war and the provisions of immigration Trump's speech includes talking about business warfare US President Donald Trump said in a State of the Union speech that any trade deal with China should address not only what he called the chronic US trade deficit but also change Chinese policies to…More

Pound weakened and the FTSE rose after the announcement of BP output

12:36 pm 2019-02-05

Pound fell as London's FTSE 100 climbed 1.29% at 11:59 am on Tuesday after BP . Shares rose 4.85% at 11:54 am CET. The giant oil company released its quarterly earnings report earlier in the day, announcing that its earnings for 2018 more than doubled over the previous year. The FTSE index of mining and construction shares was up, with Glencore Plc up 1.74% and CrH Plc up 2.44% at 11:58 am. Meanwhile, Germany's DAX rose 1.19% above the opening line at 12:16 CET, led by Wirecard AG, which rose…More

Dollar stabilized against major currencies during Tuesday trading

09:05 am 2019-02-05

  The dollar settled on recent gains against its major counterparts on Tuesday, amid reports of a consensus between Trump and Jerome Powell. After an official invitation from Powell to Trump for an informal dinner  Powell, chairman of the Federal Reserve, held an "informal dinner" with Trump Federal Reserve Chairman Jerome Powell held an "informal dinner" at the White House with US President Donald Trump. Federal Reserve Vice Chairman Richard Clarida and Treasury Secretary Stephen Menuchin also attended. According to a Fed statement.…More

US dollar opened the week higher against the currencies

09:50 am 2019-02-04

Dollar traded higher during the week, as strong employment data and data boosted demand for the greenback, but the Federal Reserve's stance appears to be more cautious about monetary policy. The possibility of meeting Trump Wuxi on Feb. 27 and 28 in Vietnam Possible reports of US President Donald Trump and Chinese President Xi Jinping were published in Da Nang, Vietnam, on Feb. 27 or 18, the South China Morning Post quoted a source familiar with the discussions on the summit.…More

Pound sterling at a one-week high

12:40 pm 2019-02-01

Data from last month's special manufacturing surveys in Europe left a more negative impression in the markets after the report of UK factory activity, as the exit date approaches, although German manufacturers recorded their first drop in more than four years. The eurozone barely stayed above parity. The European Union will not accept the hard borders with Ireland In the BREXIT news, Federal Justice and Consumer Protection Minister Katarina Barley said on Friday that the EU would not accept an original border with Ireland, adding that…More

Dollar fell against the currency as trade negotiations continued

10:16 am 2019-02-01

  Foreign exchange markets were mixed on Friday as the initial signs of progress in the China-US trade war were matched by a survey that showed further economic weakness in China and other Asian economies. Beijing: Important progress made in US trade talks The Chinese trade delegation said on Friday that it had made "significant progress" during the latest round of negotiations with the United States in Washington. "The frank, functional and constructive discussions have made important progress," said the delegation, led by Deputy…More

Dollar fell after the Federal Reserve decision to fix the interest

08:29 am 2019-01-31

The Federal Reserve has set the interest rate, noting that it will adopt a "patience" approach in raising interest rates as the economic data continue to follow. "The US economy is in good shape, but the government closure has a negative impact on GDP," said Central Bank President Paul. The sentiment expressed by policymakers from the Fed for patience before any US interest rate hike boosted stocks on Thursday and continued to strengthen sovereign debt ratings of the country, especially for the nearest maturities. The dollar…More

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