Forex news 999
You're looking for the latest Forex news! Here are some top stories from around the world:
Market Movers
- USD/JPY: The pair is trading at 109.50, up 0.15% after the Bank of Japan kept interest rates unchanged, as expected.
- EUR/USD: The pair is trading at 1.1230, down 0.10% after the European Central Bank's (ECB) decision to keep interest rates steady.
- GBP/USD: The pair is trading at 1.3120, up 0.20% after the UK's Office for National Statistics (ONS) reported a stronger-than-expected GDP growth.
Economic Calendar
- US GDP (Q2): The US Bureau of Economic Analysis (BEA) will release the second-quarter GDP growth rate at 8:30 AM ET.
- US Durable Goods Orders (Jul): The US Census Bureau will release the July durable goods orders report at 8:30 AM ET.
- ECB Interest Rate Decision: The European Central Bank will announce its interest rate decision at 7:45 AM ET.
Market Analysis
- USD Strength: The US dollar is gaining strength against major currencies, driven by expectations of a rate hike by the Federal Reserve.
- EUR Weakness: The euro is under pressure due to concerns over the European economy and the impact of the COVID-19 pandemic.
- GBP Strength: The British pound is gaining strength due to the UK's economic recovery and the potential for a no-deal Brexit.
Forex News
- China's Economy: China's economy grew 3.2% in the second quarter, beating expectations, according to the National Bureau of Statistics.
- US-China Trade Talks: The US and China are set to resume trade talks in September, with both sides looking to reach a deal.
- Brexit Update: The UK and EU have agreed to extend the Brexit transition period until January 2021, giving more time for negotiations.
Stay tuned for more updates and analysis!