Latest forex news live
Here are the latest Forex news and updates:
Market News
- USD/JPY: The pair is trading at 110.45, up 0.15% after the Bank of Japan kept interest rates unchanged and maintained its dovish stance.
- EUR/USD: The pair is trading at 1.1235, down 0.15% after the European Central Bank kept interest rates unchanged and hinted at a rate hike in the future.
- GBP/USD: The pair is trading at 1.3125, up 0.20% after the UK's Office for National Statistics reported a stronger-than-expected GDP growth in the second quarter.
- AUD/USD: The pair is trading at 0.7045, up 0.25% after the Reserve Bank of Australia kept interest rates unchanged and maintained its dovish stance.
Economic Calendar
- US: GDP (Q2), Initial Jobless Claims, and Pending Home Sales Index
- EU: German IFO Business Climate Index, French Consumer Spending, and Italian GDP (Q2)
- UK: Retail Sales, and Public Sector Net Borrowing
- Canada: GDP (Q2), and Employment Change
Forex Analysis
- USD: The US dollar is expected to remain strong in the short term due to the Federal Reserve's hawkish stance and the potential for a rate hike in the near future.
- EUR: The euro is expected to remain under pressure due to the European Central Bank's dovish stance and the ongoing trade tensions between the EU and the US.
- GBP: The British pound is expected to remain volatile due to the ongoing Brexit negotiations and the uncertainty surrounding the UK's future trade relationships.
Forex Trading Tips
- Long-term traders: Focus on the fundamental factors that drive the markets, such as interest rates, GDP growth, and inflation.
- Short-term traders: Focus on the technical factors that drive the markets, such as support and resistance levels, and the direction of the trend.
- Risk management: Always use stop-loss orders and limit your position size to minimize potential losses.
Forex News Sources
- Reuters: www.reuters.com
- Bloomberg: www.bloomberg.com
- Financial Times: www.ft.com
- Forex Factory: www.forexfactory.com
Please note that the information provided is for general information purposes only and should not be considered as investment advice. It is always recommended to consult with a financial advisor before making any investment decisions.