Forex News, Page

Earlier in the Day:There were no material stats scheduled for release through the Asian session this morning, leaving the markets to respond to lingering geo-political risks, with U.S – China trade war chatter, the approaching EU Commission decision on the Italian coalition government’s 2019 budget and Brexit there to consider

Last week, the US dollar had started off with a confident 0.6% growth, updating the 16-month highs on the dollar index and throwing EURUSD down to 1.1200. However, the American currency has thereafter shifted into a defensive mode, decreasing by 1.2%, as a result of the Fed’s dovish comments and

Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats limited to 3rd quarter wholesale inflation numbers out of New Zealand and October trade figures out of Japan.Outside of the numbers, Bank of Japan governor Kuroda was scheduled to speak

Speaking at a banking conference in Frankfort on Friday, European Central Bank (ECB) President Mario Draghi offered his opinion on a number of issues including Euro Zone inflation, the economy and global uncertainties.Stubborn InflationIn his speech, Draghi hinted at the possibility of inflation not rising as quickly as forecast due

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with key stats limited to October’s business PMI figure out of New Zealand.For the Kiwi Dollar, the Business NZ PMI rose from a September 51.7 to 53.5 in October, the highest level since

Earlier in the Day:Economic data released through the Asian session this morning was limited to October employment numbers out of Australia.For the Aussie Dollar, October labour figures impressed in the early part of the Asian session, with better than expected hiring through the month. According to the ABS,The number of

Earlier in the Day:Economic data released through the Asian session was on the heavier side this morning, with key stats including November consumer confidence and 3rd quarter wage growth numbers out of Australia, 1st estimate GDP numbers for the 3rd quarter out of Japan and October’s fixed asset investment, industrial

Monday was a hard day for the financial markets. American DJI lost more than 2.3% and S&P500 decreased by 2.0%. As in previous weeks, the main pressure was on the shares of high-tech companies. In the process when investors shift from growth-oriented stocks towards earning shares, previous market favorites are

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side once more, with key stats limited to October business confidence figures out of Australia.For the Aussie Dollar, October’s NAB Business Confidence Index stood at 4, easing by 2 points from September’s 6.The business

Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats limited to October electronic card sales figures out of New Zealand.For the Kiwi Dollar, electronic card sales rose by just 0.1% in October, falling well short of a forecasted 0.6%

Last week’s price action in the Forex market was driven by a number of events. While the U.S. mid-term elections and Fed’s monetary policy decision took center stage, domestic data and outside events largely influenced the direction of several major currencies.Overall, the longer-term outlook remained the same. The divergence in

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with key stats limited to September home loan figures out of Australia and October inflation figures out of China.Outside of the numbers, the RBA’s Statement on Monetary Policy was also released, following Tuesday’s

Earlier in the Day:Economic data released through the Asian session this morning was on the heavier side, with key stats including September current account and machinery orders out of Japan that were released ahead of October trade figures out of China.Outside of the stats, the RBNZ delivered its monetary policy

Earlier in the Day:Economic data released through the Asian session was limited to employment figures for the 3rd quarter and inflation numbers out of New Zealand, while the markets were broadly focused on the U.S mid-term elections, results rolling out through the session.For the Kiwi Dollar,3rd quarter employment rose by

Earlier in the Day:Economic data released through the Asian session was limited to household spending figures out of Japan, while on the monetary policy front, there was the RBA’s November monetary policy decision and release of its rate statement.For the Japanese Yen, household spending tumbled by 4.5%, month-on-month, in September,

Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats limited to China’s October service sector PMI number, which has grown in significance as the Chinese government continues to drive the transition away from manufacturing.Outside of the stats, the Bank

Last week’s Forex markets featured higher-than-average volatility with the active price action spread across oceans and continents. The volatility was driven by a combination of several factors including geopolitical events, central bank decisions, economic data and multiple-shifts in demand for risky assets. The end of the week, the U.S. Dollar

The U.S. Dollar rose to a 16-month high against a basket of currencies as concerns about global growth saturated the markets. World stocks sold off early in the week, beset by worries over corporate earnings and geopolitical uncertainty, spiking the U.S. Dollar Index sharply higher.The greenback was also supported by

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, limited to 3rd quarter wholesale inflation and September retail sales figures out of Australia.For the Aussie Dollar,In the 3rd quarter, final demand prices rose by 0.8%, quarter-on-quarter, coming in well ahead of a

Earlier in the Day:Economic data released through the Asian session this morning included October manufacturing and September trade data out of Australia and China’s Caixin manufacturing PMI for October.For the Aussie Dollar,The AIG Manufacturing Index fell from 59.0 to 58.3 in October, with the stats having a muted impact on