Category Archives: Daily Forex News

Policy Divergence Boosts Dollar

. Earlier, the US Dollar had remained close to a 2½ month peak versus the common currency Euro as FX traders reconsider the likelihood of a 2015 rate hike from the Fed. At the same time, the seeming divergence in

Fed to Make Surprise Announcement

By: The Fed will be making a surprise announcement at an unscheduled meeting this morning and analysts are expecting to hear about an interest rate hike earlier than the December date discussed until now. Major U.S. indices ended last

Pound Pressured by Cautionary Comments

By: The Pound Sterling took a hard hit which brought the GBP/USD pair to below $1.50, a fresh 7-month trough. That low came after one policymaker from the Bank of England released a cautionary comment that investors took to

Likely Policy Divergence Key to Dollar Direction

For the second consecutive day, the US Dollar has surged, especially against the common currency Euro, amid growing speculation of monetary policy divergence. The Euro remains under pressure generally after last week’s attacks in Paris, but markets are focusing on

A December Rate Hike Still Uncertain

By: Friday’s economic releases may throw a wrench in the Fed’s hawkish rate hike prediction issued after its last policy meeting Wednesday. Consumer spending and wage growth are the two main factors in a future Fed decision and the

Asian Stocks Soar, Open Path for Other Markets

By: Tuesday's Asian session saw a sharp reversal of Monday's losses, with MSCI Asia-Pacific shares rising 1.7 percent, bouncing up from Monday's 6-week low. Australian shares soared 1.8 percent while Japan's Nikkei index rose 1.6 percent and South Korea's

Dollar Eases Back Ahead of Minutes Release

By: The US Dollar edged off recent highs as investors await the release of the Federal Reserve’s latest monetary policy mean to better assess the likely timing of a rate increase. Bets are growing that the improved economic data

Fed Rate Decision Still Uncertain

By: Asian equities dropped to three-week lows Friday, following a global sell-off as comments from the Fed and the European Central Bank (ECB) had investors still worrying about a Fed rate increase. Fed chair Janet Yellen told Congress Friday

Asia, US Markets Decline

By: Asian shares slipped lower early Thursday, with energy shares leading declines. Wall Street showed reserved returns Wednesday with limited trading due to the U.S. Veterans Day holiday. Global oil prices added to the gloom with U.S. crude falling

BOJ Watches Financial Stability

By: With all eyes still focused on the next Fed interest rate hike, the Bank of Japan reported that it is prepared to continue its program of quantitative and qualitative monetary easing (QQE) as long as necessary to meet

Euro Up On ECB Rate Decision

By: President Mario Draghi’s decision to bring the ECB’s deposit rate to a record low of minus 0.3 percent sent the euro higher Thursday. At one point, the euro rose more than 3 percent against the dollar after Draghi

Black Friday Turns Grey, Gold Loses Shimmer

By: Gold dropped almost two percent to a near six-year low on Friday, marking a sixth straight weekly decline under pressure from a firm U.S. dollar and prospects of a U.S. interest rate rise in December. Spot gold hit

Erdogan Election Victory Sends Turkish Markets Up

By: President Recep Tayyip Erdogan’s surprise win Monday sent Turkish markets rallying as investors welcomed the victory in hopes of renewed political stability in the country. Erdogan's AKP (Justice and Development Party) received an unexpected majority in the country's

Safe Haven Demand Props Up Yen

By: DailyForex Disappointment amid the unexpected dismal PMI reports from China pushed the US Dollar lower and propped up the safe haven Japanese Yen. The markets’ uncertainty also helped to give a boost to the common currency Euro, which as

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