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Dollar Lower After FOMC Statement and Other Top Forex News.

The dollar was mostly lower on Wednesday following this afternoons Federal Reserve statement, in which the Bank said it was leaving its benchmark interest rate unchanged at 0.00-0.25% and continued to cut its monthly bond-buying program at the current pace to $35 billion from $45 billion a month. The Fed also nudged up their projections […]

U.S. Inflation Data Provides Boost for Dollar and Other Top Forex News.

The dollar was boosted on Tuesday following the release of stronger than forecast U.S. inflation data, boosting expectations that the Federal Reserve may rise interest rates sooner than had been expected. The Labor Department said U.S. consumer prices rose at an annual rate of 2.1% last month, while prices were up 0.4% from a month […]

Dollar Down As IMF Cuts U.S. Growth Prospects, While Iraq Continues to Weigh and Other Top Forex News.

The dollar fell against most of the major currencies on Monday after the International Monetary Fund cut its forecast for U.S. economic growth this year. While concerns about the conflict in Iraq, continue to weigh on the market. The International Monetary Fund cut its forecast for U.S. economic growth this year, blaming the unusually harsh […]

Euro, US Dollar May Find Fuel to Bounce in Upcoming Economic Data

Talking Points: Euro May Mount a Recovery if May’s Inflation Data is Revised Upward US Dollar Could Find a Reprieve in Upbeat Industrial Production Print Yen Rose on Haven Demand, NZ Dollar Gained on RBNZ Bets in Asia The final revision of May’s Eurozone CPI data set headlines a relatively quiet European economic calendar. The […]

Dollar Up On Safe Haven Demand and Other Top Forex News.

The dollar found support against the other major currencies on Friday, despite the release of disappointing U.S. consumer sentiment data, with events in Iraq uppermost in traders minds. This mornings report from the University of Michigan showed that its Consumer sentiment index fell to 81.2 this month from 81.9 in May, whose figure was revised […]

US Dollar May Find Renewed Vigor in May’s Retail Sales Report

Talking Points: US Dollar Rally May Find New Fuel in May’s Retail Sales Report New Zealand Dollar Soars as RBNZ Signals More Rate Hikes Ahead Australian Dollar Edges Lower on First Jobs Loss in Five Months A quiet economic calendar in European trading hours puts the spotlight on May’s US Retail Sales report. News-flow from […]

Soft U.S. Data Dampens Mood For Dollar and Other Top Forex News.

The dollar weakened across the board on Thursday following the release of disappointing U.S. retail sales and jobs data. Which caused traders to worry about the strength of the economic recovery. The number of people filing for initial jobless benefits in the week ending June 7 increased by 4,000 to 317,000. According to data from […]

Is The EUR Bear Getting Impatient ?

With little new data to chew on, the forex investor continues to wander in a No Man’s Land of tight contained range trading. Capital markets have been expecting a much more aggressive break out, especially with the EUR after the European Central Bank (ECB) introduced new monetary easing measures. Nevertheless, with option barriers well entrenched, […]

Top Trade Idea For June 12th, 2014 – NZDUSD

In light of the recent RBNZ interest rate decision and looking at how the kiwi pairs reacted to the rate hike down under, I would like to focus on the nzdusd today and to made a case about why the pair is not going to stop anywhere around these levels and why it should attack […]

Dollar Slides Against Yen, Euro Weakness Continues and Other Top Forex News.

Falling U.S. bond yields caused the dollar to close the session at a one-week low against the yen on Wednesday, while the euro continues to weaken post ECB comments. The dollar suffered as the yield on the U.S. 10-Year Treasury note eased back from one-month highs hit on Tuesday, ticking down to 2.62%. While demand […]

Pound May Fall if Claims Data Disappoints, Euro at Risk of Deeper Losses

Talking Points: British Pound at Risk if Jobs Data Disappoints, Denting BOE Bets Euro Vulnerable to Deeper Losses as ECB Rhetoric Stays Dovish New Zealand Dollar Gains as Markets Position for RBNZ Rate Hike May’s UK Jobless Claims data headlines the economic calendar in European hours. Applications for benefits are expected to have declined by […]

Euro Slump Continues Post ECB and Other Top Forex News.

The U.S. dollar continued to climb against the euro on Tuesday, and pulled back from lows against the yen as demand for the greenback continued to be underpinned by higher U.S. Treasury yields. The yield on the U.S. 10-Year Treasury note climbed to 2.64% on Tuesday, its highest in a month. Treasuries have been buoyed […]

Dollar Strengthens Against Euro As Eurobond Yields Drop and Other Top Forex News.

The dollar started the week in bullish mood, strengthening against the euro and holding steady against the yen, as Friday’s upbeat U.S. jobs report continues to add weight to the greenback. While the euro traded at session lows against the dollar after yield differentials between U.S. and European debt widened due to the European Central […]

What’s NFP Going To Do For The EUR ?

It’s confirmed: the European Central Bank (ECB) can “walk the walk and talk the talk” after all. Euro policymakers have stopped at nothing, and have finally decided to throw everything, including the kitchen sink, at the region’s twin potent risks of deflation and tepid growth. What the market heard from President Mario Draghi was certainly […]

U.S. Jobs Report Boosts Dollar and Other Top Forex News.

The dollar ended the week on a high note after relatively positive U.S. employment data showed that the U.S. economy is slowly recovering from its slumber. The U.S. Labor Department said the economy added 217,000 jobs in May, just below expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised […]

Will the Euro Fall if the ECB Expands Stimulus as Expected?

Talking Points: Euro Selling May Fizzle if ECB Easing Stops at Negative Deposit Rate Pound Risks Tilted to the Downside on Status-Quo BOE Rate Decision NZ Dollar Corrected Higher as Yen Rose on Risk Aversion Overnight A monetary policy announcement from the European Central Bank headlines the economic calendar. The ECB has presumably had enough […]

Dollar Lower Ahead of Payrolls, Euro Up After Draghi Comments and Other Top Forex News.

The U.S. dollar was on the back foot during Thursday’s session, as the market eyes tomorrows key nonfarm payrolls report. While the euro had a rollercoaster session following ECB president Mario Draghi’s post-policy meeting press conference. The single currency initially fell to four-month lows against the dollar after The European Central Bank lowered its benchmark […]

Dollar Finds Support After Strong Services Data and Other Top Forex News.

The dollar was mostly higher on Wednesday, following the release of upbeat U.S. service sector data. But gains were limited following weak U.S. non farm payrolls data earlier in the session. This mornings data got off to a bad start when Payroll processing firm ADP said non-farm private employment rose by 179,000 in May, below […]

Dollar Softens Ahead of ECB Meeting and Other Top Forex News.

The dollar softened against the euro on Tuesday, despite the release of strong U.S. factory orders data, as investors eye this weeks key European Central Bank’s policy meeting which concludes on Thursday. This mornings data was mostly positive for the dollar, with U.S. factory orders climbing 0.7% in April, beating expectations for a 0.5% gain, […]

Dollar Boosted After ISM Data Correction and Other Top Forex News.

The dollar started the week in positive territory against the other major currencies, after a calamitous day of data releases. While the euro continues to weaken ahead of this weeks European Central Bank monthly policy meeting. The dollar initially weakened against the euro after the Institute of Supply Management said this morning that its manufacturing […]

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