Today is Sat, July 21, 2018 19:12:22 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook

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 […]

Week in FX Americas – Loonie Looking For Excuse To Retreat

The loonie was able to print fresh highs this week ($1.0842), mostly supported by the uptick in commodity prices, specifically crude on supply concerns from any geo-political fallout in the Middle East. Also aiding the CAD was the weakening EUR on the crosses. On Thursday, Governor Poloz commenting on the semi-annual Financial System Review assessed […]

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 […]

CADJPY attempting to break out of symmetrical triangle formation

The CADJPY pair has been tightening into a sub 80 pip range over recent weeks, as price action challenges a notable descending trend-line. This represents the upper threshold of a symmetrical triangle formation which if broken could see an appreciation in the pair. The daily chart shows that we are yet again challenging the 94.0 […]

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 […]

Top Trade Idea For June 12th, 2014 – EUR/CAD

The spike in the euro versus the Canadian dollar came to an abrupt end last week following the ECB meeting. As this week has gone on the losses have intensified and now the pair is at its lowest level since early January. The ECB’s decision to cut rates and embark on fresh monetary easing, with […]

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 […]

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 […]

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 […]

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 […]

Euro to Look Past GDP, PMI Data as ECB Meeting Looms Ahead

Talking Points: Euro May Look Past GDP, PMI Data as Focus Remains on ECB Meeting US Dollar Looking to Extend Advance on Services ISM, Fed Beige Book Aussie Dollar Gains on Upbeat GDP, Loonie Sinks Before BOC Meeting A revised Eurozone GDP report is due to confirm output expanded 0.2 percent in the first quarter. […]

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 […]

Week In FX Americas – US Sentiment Unchanged, Focus On ECB

UoM consumer sentiment little changed Households anticipate lower incomes Will retail spending be effected? Market focus turns to the ECB To sell in May and go away never really materialized for capital markets. Even month-end volatility is a disappointment. Event risk focus now looks to the ECB for hope next week. Will Draghi and company […]

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 […]

Powered by DayLife