Forex News

Key information updates for profitable trading

British pound stabilizes
British pound stabilizes

On Monday, the British pound stabilized because British Prime Minister Theresa May struggled to pick up the pieces and reunite her Conservative Party following a disastrous election, which could potentially disrupt Brexit talks…

British election upset suppresses sterling
British election upset suppresses sterling

On Friday, the British pound sank steeply right after British Prime Minister Theresa May's Conservative Party suddenly fell short of an expected majority in the country’s general election…

Sterling approaches two-week peak before UK vote
Sterling approaches two-week peak before UK vote

On Thursday, the British pound traded close to a two-week high, backed by hopes that Prime Minister Theresa May's party will grasp a majority in Britain's general election, while the common currency was intact ahead of a ECB policy announcement…

Yen moves down on China trade data
Yen moves down on China trade data

On Thursday, the Japanese yen went down in Asia notwithstanding solid trade figures from China, although weaker GDP for the first quarter in Tokyo and upcoming China and Australia trade data drove market risk…

Dollar keeps to six-week minimum vs. yen
Dollar keeps to six-week minimum vs. yen

On Wednesday, the evergreen buck kept to a six-week minimum versus the safe-haven yen, with market participants cautious ahead of the UK’s general election, a ECB policy verdict, not to mention testimony by ex-FBI Director James Comey…

Aussie reaches one month peak following better than seen Q1 GDP
Aussie reaches one month peak following better than seen Q1 GDP

On Wednesday, the Australian dollar reached a one-month peak after better-than-expected first quarter surge figures, while market participants brace for a big day on Thursday with the ECB, testimony by sacked FBI chief James Comey as well as the UK…

Australian dollar soars as RBA holds just as expected
Australian dollar soars as RBA holds just as expected

On Tuesday, the Australian dollar revived in Asia right after the latest major bank rate review held steady, thus  shrugging off the current account because it dared to widen further than previously expected into deficit…

Greenback hits 6-week minimum against yen ahead of UK vote
Greenback hits 6-week minimum against yen ahead of UK vote

On Tuesday, the evergreen buck hit a six-week minimum versus the safe-haven yen because caution mounted ahead of Britain's upcoming election, another ECB meeting as well as ex-FBI Director James Comey's testimony to a Senate committee, and all of these…

Sterling holds weaker due to London attacks
Sterling holds weaker due to London attacks

On Monday, the British pound held weaker in Asia because financial markets digested a weekend attack in London, which murdered seven people after a van suddenly mowed down pedestrians on London Bridge, then attackers from the van fanned out and got down…

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