Author Archives: info@dailyforex.com

The Euro remained close to a recently struck 1-month trough versus the greenback but FX traders also remain wary of the likeliness of the European Central Bank to ease in order to stimulate the economy in the Eurozone area. Continue reading →

Since last week, when the head of the European Central Bank offered his strongest hint yet that the monetary policy committee was ready to imminently intervene in the too strong Euro. Continue reading →

The Euro remained on the defensive during Friday’s Asian trading, in an attempt to recover from the losses incurred after Mario Draghi, the head of the European Central Bank, said that a monetary policy change might soon occur in order to halt declining inflation. Continue reading →

The Euro eased away from just shy of a 2-month peak versus the U.S. Dollar as FX players await the monetary policy decision of the European Central Bank expected later today. Continue reading →

The Euro eased away from just shy of a 2-month peak versus the U.S. Dollar as FX players await the monetary policy decision of the European Central Bank expected later today. Continue reading →

The New Zealand Dollar was broadly lower during Wednesday’s Asian trading session after the head of the Reserve Bank of New Zealand cautioned FX traders that it might be compelled to intervene in the too strong currency given worsening fundamentals. Continue reading →

In subdued trading as a result of holidays in the U.K. and Japan, the U.S. Dollar remained essentially and broadly flat even in spite of recent improved economic data. Continue reading →

The Japanese Yen struck a 2-week peak versus its main rival, the U.S Dollar, as appetite for risk skidded following the release of Chinese economic data which once again showed that manufacturing activity fell for the fourth consecutive month in China,… Continue reading →

Ahead of today’s release of key labor data for the U.S., the greenback struggled broadly and the U.S. Dollar Index remained close to a 3-week low as FX traders keep to the sidelines. Continue reading →

The U.S. Dollar fell broadly and hard after yesterday’s release of preliminary growth data indicated that the American economy nearly flat-lined in the first quarter of this year. Continue reading →