Author Archives: info@dailyforex.com
FX Traders Wary of Eurozone CPI
Yesterday’s disappointing outcome on German inflation data sent the Euro tumbling broadly and has led to speculation that today’s release of the Euro area figures are likely to also come with a downside surprise. Continue reading
Improved Data Lifts Euro
Upbeat economic data from the Eurozone area left investors speculating that the European Central Bank might reconsider its recent rhetoric and hold tight on rhetoric about additional stimulus. Continue reading
European Index Futures Gain as Asia Falls
European equity futures rose on Monday while Asian stocks fell, pushing the regional index to an almost two-week low. Continue reading
Looming Economic Data Keeps FX Trade Wary
With a week ahead full of key economic data, U.S. Dollar trade was generally slow with investors wary of taking aggressive positions. Continue reading
Ukraine Worries Sent FX Players Back to Yen
Mounting tension in Ukraine has sent FX players flooding back to the safe haven Japanese Yen. Continue reading
Kiwi Dollar Surges on Hawkish Rhetoric
The New Zealand Dollar soared broadly during the Asian trading session following comments made by officials of the Reserve Bank of New Zealand which left no room for uncertainty that the central bank intends to hike interest rates further in the near f… Continue reading
Aussie Dollar Tumbles on CPI News
As reported at 1:20 p.m. (JST) in Tokyo, the AUD/USD dropped 0.9% to trade at $0.9286, moving well off the 5-month peak struck earlier this month when the pair hit $0.9461. Continue reading
Dollar Edges Higher in Light Trade
The U.S. Dollar Index remained close to a 2½ week peak versus its major rivals in spite of a subdued trading session in the overnight hours following the closure of a number of financial markets for the Easter weekend. Continue reading
Dollar Higher on Safe Haven Bid
In light Asian trading as a result of the holiday weekend, the U.S. Dollar firmed and steadied on Monday though additional gains are likely limited as a situation in Ukraine is keeping FX traders on the edge. Continue reading
Safe Haven Appeal Wanes in Subdued Trade
The safe haven Yen edged lowered and struck a fresh 10-day trough versus the greenback following the release of upbeat economic data from the U.S. and on growing hopes that a diplomatic solution will be found for the Ukraine’s geopolitical problems. Continue reading
