Forex News

Key information updates for profitable trading

Greenback dives ahead of Fed testimony
Greenback dives ahead of Fed testimony

On Tuesday, the evergreen buck declined ahead of congressional testimony by Fed Chair Jerome Powell that market participants are going to scrutinize for signs on the tempo of American interest rate lifts as well as risks coming from trade clashes…

Greenback edges down
Greenback edges down

On Monday, the evergreen buck slumped versus a currency basket, having reported its greatest weekly revenue for a month the previous week because market participants shifted their attention to American retail sales outcomes for June later in the trading…

Greenback jumps on soaring Treasury yields
Greenback jumps on soaring Treasury yields

On Friday, the evergreen buck rallied to a 10-day maximum after American consumer prices data disclosed a build-up of inflation pressure, which would enable the Federal Reserve to have rates lifted up to four times in 2018…

Greenback tacks on, as trade fresh worries weigh
Greenback tacks on, as trade fresh worries weigh

On Wednesday, the evergreen buck soared versus a currency basket, although revenues were capped after the American government told it would place duties on an extra $200 billion worth of China’s products, thus driving a trade conflict between China and…

Greenback extends early revenues
Greenback extends early revenues

On Tuesday, the evergreen buck managed to extend early revenues versus a currency basket, thus sending the common currency down, while mixed GDP data along with and political instability put pressure on the UK pound…

UK pound inches up
UK pound inches up

On Tuesday, the UK pound managed to leap notwithstanding fresh uncertainty over Brexit after the shocking resignations of David Davis as well as Boris Johnson because market participants waited for surge data, which could keep Britain’s key financial…

Greenback goes down on soft American wages data
Greenback goes down on soft American wages data

On Monday, the evergreen buck struggled near 3-1/2-week minimums versus its counterparts after American jobs data disclosed slower-than-anticipated wage surge, while the UK currency rebounded as a major member of Britain's cabinet dared to resign because…

Greenback mostly dives ahead of Fed minutes
Greenback mostly dives ahead of Fed minutes

On Thursday, the evergreen buck turned out to be softer across the board due to the fact market participants were waiting for the minutes of the Fed’s last policy gathering in the afternoon and also looked ahead to June jobs report on Friday…

China’s Yuan tacks on PBOC's dovish statement
China’s Yuan tacks on PBOC's dovish statement

On Wednesday, China's Yuan managed to ascend versus the evergreen buck, just a day after the country’s main financial institution had markets assured it would keep the national currency steady in the face of heightened concerns as for trade clashes…

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