Category Archives: Daily Forex News

India’s Sets Fourth Interest Cut at 6.75%

. By: DailyForex.com In its fourth cut since the beginning of the year, India's central bank cut interest rates by a more-than-expected 50 basis points. The Reserve Bank of India reduced its key repo rate to 6.75%, more than market

Weekly Economic & Political Timeline

By: DailyForex.com This week is going to be almost entirely focused on the USD, as crucial non-Farm Payrolls related data will be released towards the end of the week. In fact there is at least one high-impact event concerning the

European Shares Up; Down for the Week

By: DailyForex.com European shares rose on Friday with the pan-European FTSEurofirst 300 index, which had fallen 2.1 percent on Thursday, climbing back up 2.2 percent in early trading. The euro zone's blue-chip Euro STOXX 50 index also advanced 2 percent.

Asian Stocks Follow Wall Street Down on Fed Speech

By: DailyForex.com Janet Yellen set the ball rolling again. In a speech at the end of the market day at the University of Massachusetts, the Federal Reserve chair said that an interest-rate hike would probably be appropriate "sometime later this

Norwegian Crown Hit by Surprise Rate Decision

By: DailyForex.com The Norwegian central bank surprised markets with a rate cut earlier today in an effort to jumpstart growth there. With oil exports as a key industry in the Scandinavian country, Norway’s economy has been feeling the pinch of

Brazilian Real Continues to Plunge

By: DailyForex.com The news of late has been focused primarily on the Federal Reserve and its decision to leave interest rates at zero for the time being. China has also been in the headlines as a major cause of global

Eurozone’s PMI Readings are Mixed Bag

By: DailyForex.com Though China’s dismal PMI readings made headlines across markets, PMI data is coming out elsewhere in the world and impacting currency markets. In the Eurozone, for example, PMI readings for France and Germany were, respectively, upbeat and disappointing.

Markets Still Hesitant After Fed Decision

By: DailyForex.com World markets started off the week mixed. Wall Street rebounded somewhat and Asian markets advanced slightly. The Dow Jones Industrial Average and S&P 500 closed up 0.8 and 0.5 percent respectively, recovering part of their Friday sell-off. The

Greenback Gets Broad Lift

By: DailyForex.com As the divergence among the world’s central banks has been halted, at least for the time being, the beneficiary is the US Dollar. The greenback recovered lost ground after last week’s fall when Federal Reserve Bank announced it

Tsipras Receives Mandate to Lead Greece

By: DailyForex.com Who would have believed it? Alexis Tsipras, Greece’s former head of state has proven his worth by returning his Syriza Party back into power. One month after dissolving the government and announcing new

Investors Look to Riskier Currencies

By: DailyForex.com The Fed failed to raise interest rates at its last meeting and the outlook for a future hike by the end of this year seems dim as well. The Fed decision to keep interest rates at zero percent

It Didn’t Happen, No Rate Hike

By: DailyForex.com The Federal Reserve held firm yesterday, keeping the interest rate that has been in place since 2006 in tack. Fed Chair Janet Yellen pointed to global uncertainty and inflation concerns as her reasons for not putting even the

Swiss National Bank Stands Firm

By: DailyForex.com Even as the world’s financial markets await a policy decision from the US Federal Reserve Bank, arguably the most important central bank on the globe, other central banks continue to grind on. Earlier today, the Swiss National Bank

Fed Rate Hike: Down to the Wire

By: DailyForex.com By the end of the day, the world will be different. Global economies will have to be readjusted and markets will fluctuate accordingly. When the Fed meeting closes at 18:00 GMT today, there will either be an interest

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