Forex News, Page

  • U.S. Dollar: What Powell Giveth, Trump Taketh Away; Yuan Plunges Amid Accusation of Manipulation

    The U.S. Dollar and the Chinese Yuan were the focus for Forex traders last week. The dollar was posted a volatile two-sided trade, driven higher by economic reports and hawkish testimony by U.S. Federal Reserve Chairman Jerome Powell. The Greenback was pressured by President Trump’s nearly unprecedented criticism of the

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  • Inflation and Retail Sales Put the Loonie in the Spotlight

    Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to inflation numbers out of Japan.For the Japanese Yen, core consumer prices rose by 0.8%, year-on-year, which was in line with forecasts, whilst seeing an uptick from May’s 0.7%, while

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  • UK Economy

    UK Inflation Eases, Pound Continues to Fall on Disappointing Retail Sales

    Data from the UK saw the release of the inflation figures. Consumer prices in the UK were seen rising at a slower than expected pace of 2.4%. The median forecasts expected a print of 2.6%. Core inflation was also seen slowing, rising at a pace of 1.9%.The UK’s retail sales

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  • GBP/USD daily chart, May 11, 2018

    The Aussie Gets a Boost, as Focus Shifts to UK Retail Sales and the GBP

    Earlier in the Day:Economic data released through the Asian session this morning included June trade figures out of Japan and employment and business confidence numbers out of Australia.For the Japanese Yen, June’s trade balance shifted from a ¥581bn deficit to a ¥721bn surplus, based on unadjusted figures, which was better

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  • BoE

    Pound Falls on Brexit Concerns, UK Inflation Rate Hike in Doubt after Inflation Data

    The U.S. dollar was seen posting strong gains on Tuesday. The rebound came amid the U.S. industrial production rising 0.6% on the month. The Fed Chair Powell started his two-day testimony to the U.S. Congress. In his testimony, the Fed Chair maintained the hawkish rhetoric that the central bank should

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  • GBP/USD weekly chart, July 16, 2018

    UK Inflation to Drive the GBP, with Trump and Powell to Direct the USD

    Earlier in the Day:Following a relatively busy start to the week, there were no material stats scheduled for release through the Asian session, leaving the markets to consider Powell’s Tuesday testimony to the Senate, Trump’s sudden backtrack on his agreement that Russia had not meddled in the 2016 Presidential Election

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  • Forex Annual Market Recap - 2017

    UK Stats and FED Chair Powell Put the GBP and USD into Focus

    Earlier in the Day:Following a relatively busy start to the week, with the markets responding to slower growth in China, stats through the Asian session were limited to 2nd quarter inflation figures out of New Zealand, with the RBA meeting minutes also released later in the session.For the Kiwi Dollar,

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  • Kiwi

    New Zealand Dollar Slightly Higher as Inflation Expected to Remain Steady

    The U.S. dollar was seen posting gains on Friday as price action remained strong toward the close of the week. The economic data was quiet for the most part. Switzerland’s PPI figures released earlier in the day showed a 0.2% increase on the month as expected.The U.S. import prices fell

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  • S & P 500 daily chart, July 10, 2018

    Trump and U.S Retail Sales Puts the USD in the Spotlight

    Earlier in the Day:It was a particularly busy economic calendar through the Asian session this morning and of significance, with the stats focussed on China, while the markets looked on to the Russia – U.S Summit that is unlikely to be a dull affair.On the stats, 2nd quarter GDP numbers

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  • US Dollar

    Dollar Boosted by Robust Inflation Reports, Pressured by Consumer Confidence Weakness

    After starting out weak, the U.S. Dollar rebounded against a basket of currencies to close higher on Monday then subsequently followed through with three more consecutive higher closes before closing lower on Friday. Nonetheless, the Greenback still managed to finish on the plus side for the week.September U.S. Dollar Index

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  • U.S. Dollar

    Will China’s Trade Data Catch Trump’s Eye?

    Earlier in the Day:Economic data released through the Asian session was on the heavier side, with key stats including June Business PMI numbers out of New Zealand, China’s trade figures for June and finalized May industrial production figures out of Japan, while later in the day new loan numbers out

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  • EUR/USD daily chart, July 09, 2018

    U.S Inflation Figures and ECB Minutes to Drive the USD and the EUR

    Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats limited to June house price figures out of the UK, which had no influence on market risk sentiment through the session.Following Wednesday’s risk off moves across the global financial markets,

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  • EUR/USD

    Euro Steady Ahead of ECB Meeting Minutes Release

    The markets were seen trading in a modest risk-off mode on Wednesday. This came after the U.S. administration threatened China with a fresh set of tariffs. The ongoing NATO summit in Brussels was also another cause for concern with President Trump accusing German of being complicit with Russia over the

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  • Loonie

    Canadian Dollar Steady as BoC Expected to Hike Interest Rates

    The UK’s first monthly GDP release by the ONS showed that the economy had advanced 0.3% on the month in June. However, the positive GDP growth report was offset by manufacturing production which rose 0.4% missing estimates of a 1.0% increase. Construction output, however, beat estimates, rising strongly by 2.9%

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  • Trump Tariffs Hits Risk Appetite as Focus Shifts to the BoC and the Loonie

    Earlier in the Day:Economic data released through the Asian session was on the lighter side this morning, with key stats limited to consumer sentiment and home loan figures out of Australia and tertiary industry activity index numbers out of Japan.For the Aussie Dollar:The Westpac Consumer Sentiment index jumped by 3.9%

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  • The Pound Reacts Positively to the Coronation of Theresa May as Britain’s new Prime Minister

    Trouble at No10 and Economic Data Put the GBP in Focus

    Earlier in the Day:Economic data released through the Asian session was on the heavier side, with key stats including June electronic card retail sales out of New Zealand, June business confidence figures out of Australia, and June inflation numbers out of China, with the BRC’s June UK Retail Sales figures

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  • Pound Rises after Three UK Government Ministers Resign over the Latest Brexit Proposals

    The UK’s Brexit Secretary David Davis has resigned along with two junior ministers, Steve Baker and Suella Braverman, over PM May’s latest softer Brexit proposals that were agreed at a cabinet meeting over the weekend. He said in a statement that his role requires an “enthusiastic believer” in May’s approach

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  • GBP/USD daily chart, July 06, 2018

    Trade, Central Bankers and Brexit to Direct the USD, EUR and GBP

    Earlier in the Day:Economic data released through the Asian session this morning was limited to May current account figures out of Japan, which had little impact on the Japanese Yen.Japan’s current account surplus widened from ¥1.845tn to ¥1.938tn in May, falling short of a forecasted widening to ¥1.240tn, on an

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  • Forex Market

    Markets Open to a Quiet Trading Day

    The U.S. dollar was seen trading weaker on Friday despite a broadly positive jobs report. The U.S. economy was seen adding 213k jobs during the month of May with revisions to the previous two months of data showing a net gain of 37,000.The Greenback weakened after the unemployment rate ticked

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  • eur/usd

    Led by Strong Euro, Dollar Tumbles Against Basket of Major Currencies

    The U.S. Dollar closed lower against a basket of currencies during the holiday-shortened week. The Greenback extended the weakness which began on June 28 when it reached a multi-month high at 95.255. This was the same day that the Euro reached a bottom at 1.1527. Since the index is heavily

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SymbolLast PriceChange
EURUSD
EUR/USD
1.1719
+0.0067
+0.57%
GBPUSD
GBP/USD
1.3133
+0.0113
+0.87%
XAUUSD
Gold
1231.8
+8.6600
+0.71%
CL
Crude Oil
68.115
+0.0050
+0.01%
SPX
S&P 500
2803.0
-3.2500
-0.12%
DAX
DAX 30
12532.2
-118.25
-0.93%
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