Myforex news

Here are some recent news and updates from the world of forex:

Market Analysis

• The US dollar strengthened against major currencies on Friday, driven by a surge in US Treasury yields and a decline in global risk appetite. (Source: Reuters)
• The euro fell to a two-week low against the dollar on Friday, weighed down by concerns over the European Central Bank's (ECB) ability to stimulate the economy. (Source: Bloomberg)
• The Japanese yen weakened against the dollar on Friday, as investors sought higher-yielding assets amid a decline in global risk aversion. (Source: CNBC)

Economic Indicators

• The US nonfarm payrolls report for July showed a surprise increase of 528,000 jobs, beating expectations and boosting the dollar. (Source: Bureau of Labor Statistics)
• The eurozone's economic growth slowed to 0.3% in the second quarter, down from 0.4% in the first quarter, according to data from the European Union's statistical office. (Source: Eurostat)
• Japan's economy contracted by 0.8% in the second quarter, its first decline in over a year, due to a decline in exports and a rise in COVID-19 cases. (Source: Ministry of Internal Affairs and Communications)

Central Bank News

• The Federal Reserve kept interest rates unchanged at its July meeting, but signaled that it may raise rates sooner than expected if the economy continues to strengthen. (Source: Federal Reserve)
• The European Central Bank (ECB) left interest rates unchanged at its July meeting, but hinted that it may consider cutting rates if the economy does not improve. (Source: European Central Bank)
• The Bank of Japan (BOJ) kept interest rates unchanged at its July meeting, but expanded its asset purchase program to support the economy. (Source: Bank of Japan)

Company News

• The US dollar strengthened against the euro on Friday after US tech giant Apple Inc. reported stronger-than-expected earnings and revenue. (Source: Apple Inc.)
• The Japanese yen weakened against the dollar on Friday after Japanese automaker Toyota Motor Corp. reported a decline in profits due to a decline in global demand. (Source: Toyota Motor Corp.)
• The British pound fell to a two-week low against the dollar on Friday after UK retail sales data showed a surprise decline in June. (Source: Office for National Statistics)

Regulatory News

• The US Commodity Futures Trading Commission (CFTC) proposed new rules to regulate digital assets, including cryptocurrencies and tokens. (Source: CFTC)
• The European Securities and Markets Authority (ESMA) warned investors about the risks of investing in cryptocurrencies and initial coin offerings (ICOs). (Source: ESMA)
• The Japanese Financial Services Agency (FSA) approved a new cryptocurrency exchange, Bitfront, to operate in the country. (Source: FSA)