DailyForex | Forex News (Page 6 of 104)

Forex News

The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all events that affect the foreign exchange trading industry.

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Forex News

Markets Bide Time Ahead of Labor Data | 02 December 2011 9:00 AM GMT

With market players biding their time as they await the U.S. non-farms payroll data which will be released later in the trading day, the Euro struggled to gain any footing in Asian trading. Economists expect that the U.S. Labor Department will report that 122,000 new jobs were created in November, and that the unemployment rate will be unchanged at 9.0%; the earlier released ADP data portended a positive outcome, but its never a certainty that the U.S. report will trend exactly the same.

Euro Takes a Break after Rally | 01 December 2011 9:00 AM GMT

The Euro received a major lift yesterday following the announcement that the major central banks would coordinate efforts to ensure that there would be no dearth of global liquidity as a result of the ongoing Eurozone crisis.

Euro Hopes Pinned on EcoFin and EFSF | 30 November 2011 9:20 AM GMT

The markets’ continuing skepticism as to whether a possible solution to the Eurozone debt crisis will be found by the region’s finance ministers meant that the Euro remained under pressure in Asian trading

Markets to Focus on Italy Debt Auction | 29 November 2011 9:20 AM GMT

With investor hopes still pinned on the Eurozone’s leadership to craft a solution to the ongoing debt crisis saga, the common currency moved higher against the U.S. Dollar in Asian trading, consolidating Monday’s gains.

Unconfirmed Italian Report Helps Euro | 28 November 2011 10:00 AM GMT

Investor’ short covering helped to push the Euro higher earlier in the in Asian trading following an initial and uncredited report in an Italian newspaper which said that the International Monetary Fund was arranging an assistance package for Italy.

Heat is on Euro as Portugal Downgraded | 25 November 2011 8:00 AM GMT

The Euro continues to decline as the Eurozone crisis lingers on; thus far in a light trading week.

German Auction Scare Weighs on Euro | 24 November 2011 7:30 AM GMT

The Euro continues to suffer the aftershocks created when Germany’s sovereign bond auction failed to sell out.

Dexia Worries Push Euro Lower | 23 November 2011 9:00 AM GMT

The U.S. Dollar saw broad gains against major currencies in the Asian trading session, as investors again sought refuge in the safe haven assets.

Risk Aversion Sends U.S. Dollar Higher | 22 November 2011 9:00 AM GMT

In spite of the U.S. Super Committee’s failure to come to some consensus regarding the U.S. deficit, investors view the ongoing crisis in the Eurozone as a situation more worrying, thus have sought the safe-haven refuge of the greenback, pushing it higher against the Euro.

Spanish Election Victory Props up Euro | 21 November 2011 9:30 AM GMT

Following news of a victory for Spain’s center-right opposition party, cautious optimism helped to buoy the Euro in Asian trading. The People’s Party is expected to bring in more austerity measures, necessary for the country to restore market confidence.