Daily Forex News

Forex news is an integral part of the trading process, and our goal is to provide you with the Forex trading news you need to be successful. Our daily Forex news is written by industry veterans with years of trading and reporting experience, so that you can get the information you need without the fluff. Read our Forex news now!

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Daily Forex News

Greek Poll Shows “NO” Ahead | 7/1/2015 10:01:35 AM

The results of the first opinion poll of Greek voters conducted since the weekend’s dramatic events was released this morning by the Efimerida ton Syntakton newspaper. The survey showed 54% voting “NO” and 33% voting “YES” with the remainder presumably undecided.

Tsipris: Greece is Still in the Game | 6/30/2015 8:29:39 AM

With d(default)-day right around the corner, Prime Minister Alex Tsipris believes he hasn’t lost the battle just yet. In a television interview several hours ago, Tsipris suggested that European leaders would not have the nerve to kick his country out of the eurozone membership and that the cost of their doing so would be “enormous.”

Greek Banks and Markets to Remain Closed | 6/29/2015 7:06:30 AM

We all expected it and it has happened. Greek banks will be keeping their doors shut on Monday for an entire week. Piraeus Bank SA Chief Executive Officer Anthimos Thomopoulos told reporters of his decision Sunday after a meeting of the government’s financial-stability committee.

Greek Banks About to Run Out of Money, GREXIT to Follow? | 6/28/2015 3:56:46 PM

The Greek financial crisis had taken a sharp turn for the worse this weekend, leading to fears of an imminent collapse in Greek liquidity, a run on the Greek banking system, a sharp fall in the Euro, and the possible eventual exit of Greece from the common currency.

Weekly Economic & Political Timeline | 6/28/2015 12:03:55 PM

This can be expected to be a dramatic week for the Forex market due almost entirely to the Euro situation. The Greek crisis seems to have reached a tipping point now, with evidence that a run on Greek banks has already started with some AMTs running dry and strong rumors that certain banks are not going to be able to open on Monday.

Greece’s Expulsion Looms Closer | 6/28/2015 8:12:35 AM

Alexis Tsipras turned to his Parliament last night in order to get approval for his latest bailout conditions. He was rewarded with a near unanimous authorization to hold a July 5th referendum that would reject or accept the latest stipulations offered by creditors in order to release billions of euros in bailout funds and keep Greece in the eurozone.

IronFX Leaves CRFIN, Closes Russian Office | 6/26/2015 6:32:42 AM

In a move that caught most industry leaders by surprise, international Forex broker, IronFx withdrew its membership from The Russian Centre for Regulation in Over-The-Counter Financial Instruments and Technologies (CRFIN SRO), the Russian self-regulatory body for its Forex industry.

Greece: Still No Deal as Deadline Looms | 6/26/2015 6:20:42 AM

Depending on whom you ask, Greece is either going to default next week or it isn’t. Athen’s debts are due at the end of the month and any hopes of an agreement between Greece and its creditors diminished on Thursday, after yet another emergency meeting of the Eurogroup.

Euro Flip Flops as Greek Saga Weighs | 6/25/2015 7:07:42 PM

Despite another standoff in the Greek debt debacle, the Euro had earlier managed to edge higher versus the US Dollar but those gains were short lived. The common currency is still extremely volatile and remains under pressure as negotiations get under way again.

Oil Puts a Drag on USD/CAD | 6/25/2015 6:54:09 AM

The US Dollar continues to move up against its northern neighbor’s currency, closing at 1.2448 and rising against the Canadian Loonie for a fourth consecutive day.

Islamic State Issues New Currency | 6/24/2015 9:30:52 AM

Recent pictures on social media during the past few hours purporting to come from Islamic State-controlled Syria show newly minted coins that are allegedly the first circulating currency minted by the Islamic State. The currency is known as the “Islamic Dinar”.

Powell Pushes for September Rate Increase | 6/24/2015 6:53:24 AM

Contrary to current thinking, Federal Reserve Governor Jerome Powell is almost certain that the U.S. central bank can begin raising short-term interest rates as soon as September, followed by a second increase in December.

US Dollar Higher after Surprise Housing Report | 6/23/2015 7:40:28 PM

The US Dollar saw broad-based gains after yesterday’s report that existing home sales in May beat analysts’ expectations with a rise of 5% to 5.35 million, jumping from April’s 5.09 million which was itself revised upward.

Yet Another Possible Greek Deal | 6/23/2015 7:27:32 AM

With a possible Greek debt deal in the offing, it is only a matter of time till the dollar rebounds and resumes its position against the euro. Optimism over a possible detente with Greek creditors is shifting the focus back to the Fed and its implementation of an interest rate increase sooner rather than later and a stronger dollar is certain to follow.

Dovish Fed Lifts Aussie and Kiwi Dollars | 6/22/2015 7:38:45 PM

Both the Australian and New Zealand Dollars moved higher versus the US Dollar during trading in Europe as investors consider the likelihood of an interest rate increase from the Federal Reserve.