The news and Foreign Exchange tradingĀ News drives financial markets – news can be the sole reason why traders and investors choose to buy or sell financial assets! In stock trading, market moving news is often company earnings reports, release of financial accounts, profit warnings and economic outlooks. In commodity …
Posted ByMohammad Abdelkhalik
Category Daily FX News
Sterling held steady on Friday against a group of major and minor currencies, to the lowest rate in a four-week period against the US dollar despite the UK’s first interest rate hike in 10 years. This steadiness came after the central bank confirmed that any further interest rate increases will …
Posted ByMohammad Abdelkhalik
Category Daily FX News
The EUR rose on Friday against a basket of global currencies, extending its gains for the second day in a row against the dollar, hitting a two-year high amid investors’ assessment of the divergence of monetary policy between Europe and the United States, especially after recent comments by ECB Governor …
Posted ByMohammad Abdelkhalik
Category Daily FX News
On Wednesday oil prices has increased in the Europe market to continue the raising for the third day respectively, according to the Decreasing of crude stocks in the US to the lowest level in six months according to the American oil Academy data, adding to decreasing the production expectation by …
Posted ByMohammad Abdelkhalik
Category Daily FX News
On Wednesday the GBP has back down in the Europe market against the currencies, to continue the decreasing for the third day respectively against the USD, under the pressure of increasing the fears about continuing the backing down of the British economic recovery during the second quarter of this year, …