Forex News, Page 2

The sentiment is generally positive following a raft of good news in the previous week but expectations for big earnings after the close of trading kept investors in check.

It’s a positive start to the day for the Greenback, as the markets respond to Friday’s solid labor market numbers out of the U.S. It’s risk-on.

China’s manufacturing sector weakened further to test risk appetite ahead of January’s nonfarm payroll and wage growth figures out of the U.S.

The American dollar came under pressure because of the willingness of the Fed to be patient in assessing the situation.

The drop in U.S. Treasury yields helped make the U.S. Dollar a less-attractive investment sending the major currencies sharply higher. After the Fed statement and Powell’s remarks, the futures markets continued to price in no further tightening while indicating a small chance for a rate cut over the next year.

Stats out of China continued to raise red flags for the global economy, while hopes of a trade agreement softened the blow. Focus shifts to the EUR.

Traders liked the headline number, sending the Australian Dollar higher and just below its early January top at .7236 and its mid-December top at .7247. This price action is likely related to optimism over the outcome of the US-China trade talks and expectations of a dovish message from the U.S.

The Aussie Dollar took a bounce early on, supported by a jump in inflation, with the Pound in the recovery room, as focus shifts to the U.S Dollar.

A large number of important news reinforced the foreign exchange market volatility at the end of last week. The dollar index failed to continue to grow on Friday, losing more than a percent, rolling away from the January highs. Despite the calm nature of trading on Monday, the US currency

It’s round 2 on the Brexit front, with Parliament preparing for a Plan B vote. Will there be a Plan C?

It’s risk on early on. Does the U.S President’s white flag on Friday suggest that there may be hopes of a favorable resolution to trade talks?

On Friday, the greenback plunged to its low for the week after a report that Federal Reserve officials are nearing a decision on when to end the reduction of the bonds it is holding on its balance sheet.

With the Euro Zone economy still facing a mountain of issues including trade tensions, European factors and weakening manufacturing PMIs, the ECB will likely have to wait until mid-year before revisiting the rate hike issue again, but the window of opportunity is closing fast. Furthermore, all the major issues would

Inflation picks up in Tokyo, but still no where near the BoJ’s target, while the Aussie Dollar faces more pressure, with the EUR also under the cosh.

The Australian Dollar is trading lower on Thursday after reversing earlier gains that were fueled by mixed employment data. The selling pressure is in reaction to a major bank’s announcement of a mortgage rate hike.

Employment numbers give the Aussie Dollar an early jump on the majors, with economic data and the ECB bringing the EUR into focus.

With trade data out of Japan reflecting the slowdown in Asia, Capitol Hill, the Oval Office and Parliament will be in focus through the day.

The New Zealand Dollar is trading higher against the U.S. Dollar early Wednesday in reaction to data which showed that consumer inflation edged higher in the fourth quarter, dimming the possibility of an interest rate cut. The Dollar/Yen is recovering from yesterday’s weakness, primarily due to the slight recovery in

As was widely expected PM May’s deal was met with a resounding rejection in the house of commons, with the margin of the parliamentary defeat the largest ever suffered by a government.

It’s risk off early in the day, growth forecast revisions by the IMF and central banks coming amidst softer GDP numbers.