Forex News, Page 3

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

In the middle of August, the British pound got a boost to turn the downtrend. And it seemed that despite uncertainties around the Brexit deal, negative forecasts for the UK economic growth, the GBP found a strength to rise. However, up to now, risks that the downtrend has resumed have

Earlier in the Day:Economic data released through the Asian session was on the busier side this morning, with a mass of stats out from the region including building consent and business confidence numbers out of New Zealand, 3rd quarter inflation and private sector credit numbers out of Australia and industrial

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to September employment numbers out of Japan and September building approval figures out of Australia.For the Japanese Yen, the jobs / applications ratio stood at 1.64 in September, coming in

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to September retail numbers out of Japan.For the Japanese Yen, retail sales rose by 2.1% in September, which was in line with forecasts, whilst easing from a 2.7% rise in

China At Risk of Massive Capital Outflows On Yuan Breaching Magical 7 LevelThe Chinese Yuan is yet again on the receiving end, amidst growing concerns of potential repercussion on it breaching the magical 7 level against the dollar. The last time the Yuan was at this level was in 2008.

Since the beginning of 2018, the Australian dollar has depreciated by 6-8% against major counterparts. The currency keeps depreciating and traders are more and more curious about the future tendency.The analysis of the Commodity Futures Trading Commission (CFTC) displays the net short positioning of the AUD. And it’s clear that

Earlier in the Day:Economic data released through the Asian session this morning was on the lighter side, with stats limited to October inflation numbers out of Japan.For the Japanese Yen, the annual rate of core inflation for Tokyo held steady at 1%, which was in line with forecasts, with headline

Wednesday’s Purchasing Managers’ Index (PMI) numbers confirmed what appears to be a bigger decoupling between US and EU economic momentum. The Euro zone’s PMIs for October were very weak, with the manufacturing sector slowing from 53.2 to 52.1 in October, while the services PMI also fell to 53.3 from 54.7.

Earlier in the Day:Economic data released through the Asian session this morning was limited to September trade data out of New Zealand, leaving the markets to pick up the pieces from the sell-off in the U.S equity markets, as risk sentiment shifted once more over concerns of an economic slowdown,

Earlier in the Day:It was another quiet session on the data front, with no material stats released through the Asian session to provide some respite from the slide in market risk appetite across the global financial markets and it’s not going to get much better on the data front for

Most of the trading session, the EUR/USD was being propped up by buyers defending the October 9 bottom at 1.1432. They even came in yesterday at 1.1433 to stop the price slide. However, due to the events on Tuesday, it looks as if these levels are ready to blow with

Traders like central bank meetings as they drive markets a lot. It doesn’t matter whether it is a rate hike or just clues on the economic conditions, the currency suffers a high volatility. The Bank of Canada will release the interest rate on October 24. The market is looking for