Forex News

On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…

On Thursday, British equities concluded the trading session up and the UK currency dipped after gloomy UK retail sales generated rumors that the BoE might stay away from increasing interest rates in August…

On Tuesday, metal prices kept sagging in the face of trade worries as well as a soaring evergreen buck…

On Thursday, American stock indexes slumped because a bunch of weak quarterly reports impacted a firm earnings season, while trade tensions escalated on news the EU might retaliate if America dares to impose duties on European vehicles…

American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…

Inflation data is the most important indicator that affects the central bank’s monetary policy.

Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.

On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…

In June, inflation in Great Britain tacked on at a slower than anticipated tempo, thus contributing to the major bank’s dilemma as it considers whether to have interest rates lifted next month or not…

On Wednesday, Asian stocks managed to rally due to the fact that Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his congressional testimony…

The US dollar index managed to break the psychological level at $95.

On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…