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Forex news

Eur is falling as German bunds hit record highs and stocks plummeted

11:47 am 2019-05-31

 US President Donald Trump's decision to escalate the dispute with Mexico over illegal immigration by imposing a 5 percent tariff on goods from neighboring countries raised investor aversion to risk on Friday. Apart from escaping to relative safety of the Japanese Yen, major government bonds benefited most, with yields reaching new lows. While the Japanese yen also benefited from risk aversion, supported by the current trade war with China. DAX is down 2%…More

Dollar stabilized against the currencies ahead of GDP data

10:51 am 2019-05-30

The dollar's performance against the majors remained steady as investors assessed the impact of trade developments on global growth and expected a revised US GDP reading in the first quarter later Thursday. The prices of precious metals, exchange rates and oil have not changed, as investors waited for news on the front of the trade war and the financial dispute between Italy and the EU. The yield on ten-year Spanish bonds today again hit a record low of 0.717%…More

Euro is mixed after the ECB is warning of a trade war

12:02 pm 2019-05-29

Euro  was mixed against major currencies in Wednesday's trading as the European Central Bank's Vice President warned that the war on trade was on the European economy. Vice President of the European Central Bank: warns of the impact of the trade war on Europe A comprehensive trade war between the United States and China could further affect the euro zone's economic slowdown, Luis de Guindos said. ECB Vice President for CNBC said on Wednesday that…More

Dollar stabilizes and reports failure of negotiations for US requests

12:10 pm 2019-05-28

Dollar  was steady against major currencies on Tuesday as a wave of commercial trends surged, with sources hinting that the United States was behind the failure to reach an agreement. Traders shrugged off overnight gains in Asian equities as US President Donald Trump was about to return from Japan, and government bonds rose, causing yields to fall. China publishes macroeconomic data that fueled pessimism. However, Wall Street was slightly higher in the pre-market trade. Sources:…More

Euro rose in early week trading after the European elections

02:49 pm 2019-05-27

The euro traded higher during early week trading despite the political developments in Europe which showed the progress of the populist right in the European elections as well as the overthrow of the Austrian Chancellor's government after a corruption scandal  Austrian Chancellor's government overthrown after corruption scandal Austrian Chancellor Sebastian Kors's government was overthrown on Monday after parliament passed a motion of no-confidence. The proposal was submitted by the Social Democratic Party of Austria (SPOe) in…More

Sterling rises after the announcement of Teresa May resigned

12:41 pm 2019-05-24

The British currency continued its gains on Friday after Prime Minister Teresa May set her departure on June 7. Will continue to assume the post of interim prime minister until her successor is chosen, which will have a leading race within the party begins the following week.  At the same time, Irish Foreign Minister Simon Covigny insisted that the EU was unlikely to renegotiate a British exit package from the EU regardless of the British prime minister's identity.More

Dollar is rise against currencies after unemployment claims data

01:11 pm 2019-05-23

  Dollar rose on Thursday as investors continued to focus on the Washington-Beijing trade dispute and Fed members confirmed their preference for patience over interest rates for some time. And look forward to the developments of the trade war Pompeo: China poses a threat to US national security US Secretary of State Mike Bombo told CNBC on Thursday that China poses a threat to US national security, a fact that has long been ignored by…More

Dollar fell against major currencies ahead of the Fed release

12:34 pm 2019-05-22

The Dollar fell as the US stock markets traded losses in the pre-trading market as market participants awaited the FOMC meeting minutes from the May 1 meeting, which will provide further insight into the Fed's recent decision to keep interest rates without change. At the same time, investors are closely watching developments in trade, focusing on the ongoing conflict between the United States and China. The Chinese Foreign Ministry said earlier that Beijing is still open and willing to…More

Dollar traded hight against major and focus on the US war on Huawei

12:42 pm 2019-05-21

The dollar traded against major currencies on Tuesday as investors focused on the new US-China war front Huawei has become a "victim of bullying" America Abraham Liu, Huawei's representative in the EU institutions, told reporters on Tuesday that the technology giant was being "bullying" by the United States after Washington decided to list the company on the blacklist. "Huawei has become a victim of bullying by US administrations," Liu…More

The pound is retreating below 1.27 to uncertainty about the Briexit

09:41 am 2019-05-21

The pound fell against the dollar and other major currencies on Tuesday, falling below $ 1.27 for the first time in more than four months. The British currency was affected by uncertainty over the impending exit of the UK from the European Union after the government talks on Britain's exit from the European Union with the Labor Party ended in vain last week. Lidsum must preserve the essence of the presentation on the essence…More

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