Latest news on forex market

Here are the latest news and updates on the Forex market:

Market Analysis

• The US dollar is trading mixed against major currencies, with the EUR/USD pair hovering around 1.1300 after a volatile session yesterday.
• The GBP/USD pair is trading around 1.3100, with the British pound struggling to make gains amid ongoing Brexit uncertainty.
• The USD/JPY pair is trading around 110.50, with the Japanese yen weakening slightly against the US dollar.

Economic News

• The US Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting, with a focus on inflation and the economy.
• The European Central Bank (ECB) is also expected to keep interest rates steady, with a focus on the eurozone economy.
• The UK's Office for National Statistics (ONS) reported that the country's GDP grew by 0.3% in the first quarter, beating expectations.

Market Events

• The US Federal Reserve is set to release its interest rate decision and monetary policy statement at 2:00 PM EST today.
• The European Central Bank is set to release its interest rate decision and monetary policy statement at 12:45 PM EST today.
• The UK's Chancellor of the Exchequer, Rishi Sunak, is set to deliver a budget statement at 12:30 PM EST today.

Currency Pairs

• EUR/USD: 1.1300
• GBP/USD: 1.3100
• USD/JPY: 110.50
• USD/CHF: 0.9900
• AUD/USD: 0.7200
• NZD/USD: 0.6700

Commodity Prices

• Gold: $1,350 per ounce
• Oil: $65 per barrel
• Natural Gas: $2.50 per million British thermal units (BTUs)

Forex News

• The US dollar is expected to remain strong in the short term, with the Federal Reserve's interest rate decision and monetary policy statement set to influence market sentiment.
• The euro is expected to remain under pressure amid ongoing concerns over the eurozone economy and the impact of the COVID-19 pandemic.
• The British pound is expected to remain volatile amid ongoing Brexit uncertainty and the potential for a no-deal Brexit.

Forex Trading Tips

• Trade with caution ahead of the Federal Reserve's interest rate decision and monetary policy statement.
• Consider trading the EUR/USD pair, which is expected to be volatile ahead of the ECB's interest rate decision.
• Keep an eye on the British pound, which is expected to remain volatile amid ongoing Brexit uncertainty.

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 or conduct your own research before making any investment decisions.