Forex News, Page 2

Earlier in the Day:Economic data released through the Asian session this morning was on the heavier side, with key stats released including October retail sales figures out of Japan, private new CAPEX figures out of Australia and business confidence numbers out of New Zealand, putting the Asian majors into action

Fed Chair Jerome Powell’s words had an impact on all sectors of the financial markets – Interest Rate, Equity, Commodity and Currency on Wednesday. This serves as further proof that U.S. interest rates influence all markets. Study the movement of the Treasury market because it dictates the direction of all

Stocks jumped and yields slipped Wednesday after U.S. Federal Reserve Chair Jerome Powell said he thinks the central bank’s benchmark overnight interest rate is “just below” a neutral level. The drop in yields was most significant to the Forex markets because it made the U.S. Dollar a less-desirable asset, leading

The New Zealand Dollar is showing little response early Wednesday to the release of the Reserve Bank of New Zealand’s Financial Stability Report. In the report, the RBNZ said that financial system risks have eased, but remain high. It also said slower mortgage lending growth and house price inflation have

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with key stats limited to 3rd quarter construction work done figures out of Australia.For the Aussie Dollar, construction work done fell by 2.8% in the 3rd quarter, quarter-on-quarter, coming up well short of

Earlier in the Day:Economic data released through the Asian session this morning was limited to October trade figures out of New Zealand.For the Kiwi Dollar, there was more bad news following some particularly disappointing 3rd quarter retail sales figures released on Monday, with the trade deficit widening in October, year-on-year,

Earlier in the Day:Economic data released through the Asian session this morning included 3rd quarter retail sales figures out of New Zealand and flash November manufacturing numbers out of Japan.For the Kiwi Dollar, quarter-on-quarter retail sales stagnated in the 3rd quarter, falling well short of a forecasted 1% rise, following

On the MacroFor the Dollar, it’s a busy week ahead, with key stats including consumer confidence figures on Tuesday, finalized 3rd quarter GDP and new home sales figures on Wednesday, pending home sales, October inflation and consumer spending on Thursday and PMI numbers on Friday. Outside of the stats, the

The Euro is taking a hit on Friday, driven lower by weak Euro Zone economic data and dampened hopes for a Brexit deal. Worries about the lingering tensions between Rome and Brussels over Italy’s budget negotiations are also weighing on the Euro. The single-currency is currently in a position to

Earlier in the Day:There were no material stats released through the Asian session this morning to provide direction, volumes on the lighter side with Japanese markets being closed for the day.Following the U.S holiday on Thursday, it was a relatively flat start to the day, with the Japanese Yen flat

It was a quiet day in the Forex markets on Thursday with the United States and Japan on bank holidays. There was news. However, the light volume and the absence of the major U.S. and Japanese banks led to muted reactions by traders. The main events of the day were

Earlier in the Day:Economic data released through the Asian session this morning was limited to October inflation figures out of Japan ahead of Friday’s public holiday.For the Japanese Yen, the annual rate of core inflation came in at 1% in October, which was in line with forecasts and September numbers.Contributing

Earlier in the Day:There were no material stats or policy statements or central bank speeches through the Asian session to provide direction in the early part of the day, leaving the markets to consider the current state of play that includes a broad based sell-off across the global equity markets,

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