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Dollar Lower As Data Continues to Weigh and Other Top Forex News.

The dollar ended the week mostly lower against the other major currencies following the release of somewhat mixed data weighing on demand for the greenback. This mornings data got off to a bad start after official data showed that personal spending in the U.S. fell 0.1% last month, compared to expectations for a 0.2% rise, […]

Dollar Softens After U.S. GDP Shrinks and Other Top Forex News.

The dollar weakened against a host of major currencies on Thursday, following this mornings GDP data which showed that the U.S. economy slowed sharply in the first three months of the year, posting its first decline since the first quarter of 2011. The Bureau of Economic Analysis reported that U.S. gross domestic product contracted 1.0% […]

Dollar Strength Continues Against EUR and Other Top Forex News.

The dollar rose close to 3 month highs against the euro on Wednesday as optimism over the economic recovery in the U.S. and the prospect of monetary easing by the European Central Bank bolstered the greenback. The dollar continued to find strength after this mornings data showed that U.S. durable goods orders rose unexpectedly in […]

Kiwi in key area of support which will determine direction

The NZDUSD pair has been trading within a broadening formation since March and with the month of May so far serving to devalue the pair, we are finally at a major region of support which is likely to determine whether we are set to continue to range or break into a bearish phase. On the […]

Forex: Euro at Risk as Dovish Commentary Stokes Easing Speculation

Talking Points: Franc Likely to Look Past Trade Figures, Euro at Risk on Dovish Commentary US Dollar Looking to Consumer Confidence, Durables Data to Drive Recovery Aussie and NZ Dollars Advanced on Firming Risk Appetite in Overnight Trade The economic calendar remains quiet in European hours, with Swiss Trade Balance figures amounting to the only […]

Dollar Broadly Stronger After Data Supports and Other Top Forex News.

The dollar was boosted following the extended memorial day weekend, after upbeat U.S. data fuelled optimism over the strength of the country’s economic recovery, supporting demand for the greenback. There was a string of data released this morning. Starting with the Standard & Poor’s and Case-Shiller house price index, which rose at an annualized rate […]

Forex: New Zealand Dollar Down as Trade Balance Data Disappoints

Talking Points: New Zealand Dollar Sold on Soft Trade Balance Data in Overnight Trade Euro Likely to Look Beyond Germany’s GfK Consumer Confidence Survey US Financial Markets’ Closure to Drain Liquidity at the Start of the Week The New Zealand Dollar underperformed in otherwise quiet overnight trade, falling as much as 0.2 percent on average […]

Dollar Broadly Stronger After Housing Data and Other Top Forex News.

The dollar ended the week in positive territory against most of the other major currencies, following the release of upbeat housing data for April. Fuelling optimism over the strength of the country’s economic recovery after Thursday’s positive reports. The Census Bureau said U.S. new home sales rose 6.4% to 433,000 units in April, from 407,000 […]

Dollar Boosted By Upbeat U.S. Data and Other Top Forex News.

The dollar was in mostly positive territory again the other major currencies on Thursday, following the release of positive housing and manufacturing data in the U.S. Sales of existing home increased 1.3% in April to an annual rate of 4.65 million units according to data from the National Association of Realtors. While this was slightly […]

Forex: Central Bank Meeting Minutes May Hurt Pound, Boost US Dollar

Talking Points: BOE May Meeting Minutes May Disappoint Hawks, Weighing on the Pound US Dollar May Get Another Push Higher from Pro-“Taper” FOMC Minutes Yen Gains After BOJ Rate Decision, Aussie and Kiwi Fall on Risk Aversion The release of minutes from this month’s Bank of England monetary policy meeting headlines the economic calendar in […]

Dollar Steady After Fed Prepares Groundwork for the End of QE and Other Top Forex News.

The U.S. dollar was steady after the release of this afternoons Fed minutes from their April policy meeting. With the Fed saying that the committee remains convinced the weather was behind the Q1 slowdown, and that the early Q2 numbers point to a rebound. The minutes also show how the Fed is starting to wrestle […]

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

The dollar fell close to three-and-a-half month lows against the yen on Tuesday, while the euro fell close to a two-and-a-half month lows against the dollar, ahead of the minutes from the Federal Reserve’s latest monetary policy meeting due on Wednesday. Recent U.S. economic reports have indicated that the U.S. recovery remains uneven weighing on […]

Dollar Falls as Investors Eye Fed Minutes and Other Top Forex News

The dollar was mostly lower against the other major currencies on Monday as concerns mount over the uneven economic recovery in the U.S. and heightened geopolitical tensions between Russia and Ukraine bolstered demand for safe haven assets. Investors also remain cautious ahead of the minutes from the Federal Reserve’s latest monetary policy meeting on Wednesday. […]

Forex: US Dollar Focused on Fed-Speak, NZ Dollar Finds Fuel to Bounce

Talking Points: New Zealand Dollar Correction Helped by Supportive PSI, PPI Data Euro Unlikely to Find Direction Cues in Construction Output Figures US Dollar May Rise if Officials’ Comments Support “Tapering” QE The New Zealand Dollar corrected higher as markets digested a swift two-day selloff at the end of last week. Supportive economic data likewise […]

Dollar Ends Week on Quiet Note After U.S. Data Fails to Ignite and Other Top Forex News.

The dollar had a quiet end to the week, remaining virtually unchanged against the other major currencies following the release somewhat mixed economic data at home. This mornings data got off to a bad start when the University of Michigan said that its consumer sentiment index fell to 81.8 in May, from a reading of […]

Dollar Mixed After Brighter U.S. Economic Data and Other Top Forex News.

The dollar had a mixed session on Thursday, following the release of a number of upbeat U.S. economic reports. While the single currency remains subdued after weak Eurozone economic growth and inflation data fuelled expectations for easing by the European Central Bank. There were a string of data releases this morning, which got off to […]

Dollar Falls on U.S. Outlook and Other Top Forex News.

The dollar ended Wednesday in the red against most of the major currencies, as traders pare back expectations for a Fed interest rate hike. With analysts pointing to low expectations for first quarter U.S. gross domestic product growth, owing to the severe winter weather and suggestions the economy may have contracted during the January-March period. […]

Why BoE Will Not Raise Rates Anytime Soon

By Boris Schlossberg, Market Drivers May 14, 2014 UK employment data mixed, BOE stays pat US rates remain a drag on the dollar as USD/JPY drops below 102.00 Nikkei -0.14% Europe -.18% Oil $102/bbl Europe and Asia: NZD Retail Sales 0.7% vs. 0.9% EUR German CPI -25K vs. -30K GBP UK Claimant Count 8.7% vs, […]

Will the BoE Quarterly Report Drive GBP to 1.70?

By Kathy Lien, Will BoE Quarterly Report Drive GBP to 1.70? USD: No Tightening without Spending EUR Extends Losses as Weaker ZEW Reinforces Need to Ease AUD Shrugs Off Weaker Economic Reports NZD Rebounds Ahead of Retail Sales Report CAD: Comm Dollars Unfazed by Weaker Chinese Data USD/JPY Could be Supported by Further Gains in Nikkei […]

Dollar Advances Despite Retails Data Miss and and Other Top Forex News.

The dollar moved higher against the other major currencies on Tuesday, but gains were limited by this mornings weaker than forecast U.S. retail sales data. With U.S. retail sales growing by just 0.1% in April, compared with growth of 1.5% the previous month, according to figures released by the Commerce Department. After the news the dollar […]

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