Daily Forex News
Daily Forex News
No Surprises expected by Fed’s Yellen | 5/22/2015 9:56:13 AM
Changes are not expected in the Fed’s plan to raise interest rates in the very near future. Fed Chair Janet Yellen will point to some progress in raising employment and lowering inflation when she meets today to discuss the economy’s progress.
Dollar Eases Back After FOMC | 5/21/2015 6:22:02 PM
The Euro managed to recover some losses made in the wake of the Federal Reserve’s policy release yesterday which tended to support the greenback given that there were no Fed surprises.
Weak China Factory Output Number Dampen Growth Hopes | 5/21/2015 8:11:38 AM
The latest report out of China, its Flash China Manufacturing Output Index, pointed to a drop in factory activity for the third straight month in May, down to 48.4 from an April high of 50.0 and hitting a 13-month low.
Dollar Recovers Broadly as Correction Falters | 5/20/2015 11:20:50 AM
After several days when the pressure was high against it, the US Dollar touched a 3-week peak versus the common currency Euro and 2-month high against the Japanese Yen.
Japan GDP surprise lifts Nikkei | 5/20/2015 7:17:48 AM
The release of Japan’s GDP data Wednesday gave an encouraging sign for the health of the Japanese economy.
Euro Tanked by ECB Comments | 5/19/2015 11:12:08 AM
The common currency Euro plummeted versus its main rival the US Dollar after officials of the European Central Bank (ECB) indicated that they might be willing to take additional action to lower bond yields in the Eurozone and to boost inflation.
RBA May Minutes Released | 5/19/2015 9:37:27 AM
Minutes from the RBA’s May 5th meeting were released Monday, the content of which stated that the central bank had deliberated about delaying an interest rates cut, but given the forecasts for continued slow growth and the jobless numbers remaining high for longer than expected, it had made the decision to go ahead, cutting the rate a quarter point to a record low of 2%.
Dollar Struggles but Regains Upper Hand | 5/18/2015 6:10:15 PM
Though the dismal data from the US continues to pour in the US Dollar was able to regain some of last week’s losses even as investors weigh the likelihood that the Federal Reserve Bank will now not be making any policy change in the coming months.
Asian Shares Wary on U.S. Economic News | 5/18/2015 7:14:38 AM
Despite fairly negative economic news, the S&P 500 managed to reach above 2,120 on Friday, just 4 points from the all-time intraday record.
Weekly Economic & Political Timeline | 5/17/2015 1:54:43 PM
This week should be more news-driven than last week, with key central banks releases on the USD, JPY and AUD. Get the Forex economic and political calendar for the week of May 18, 2015 here.
Athens Could Default On June 5 | 5/17/2015 7:42:07 AM
The financial situation in Athens remains in limbo. After another week of no progress between the Alexis Tsipras government and its creditors, the International Monetary Fund is showing signs of impatience and is threatening to pull out of any new bailout compromise.
Fed Rate Increase Still in Doubt | 5/15/2015 7:19:28 AM
With unemployment numbers dropping to a near 15-year low last week, pointing to a stronger job market, it looks like the Federal Reserve will not raise interest rates in the very near future.
Dismal April Retail Sales Sinks Dollar | 5/14/2015 6:18:38 PM
The US Dollar continues to be under significant pressure as investors appear to have decided that the recent weakness in the US economy may not be as “transient” as the Federal Reserve Bank would have hoped.
Greenspan Certain of Interest Rate Hike | 5/14/2015 8:38:07 AM
Higher interest rates are virtually guaranteed, according to former Federal Reserve Chairman Alan Greenspan. Speaking on Wednesday at the Global Private Equity Conference in Washington, DC. Greenspan reiterated that helping the Fed and other central banks reduce overall debt is a necessity in order to reduce bond market volatility.
Narrowing Yields Give Euro Support | 5/13/2015 6:39:27 PM
The gap between US Treasuries and German Bunds narrowed, providing the common currency Euro with another lift, even in spite of an unexpected disappointment in Germany’s GDP figures.