Author Archives: info@dailyforex.com

After last week’s considerable rout in the wake of the bombshell dropped by the Bank of England last week which indicated in its policy statement that it was postponing what otherwise appeared to be an imminent rate hike in order to wait for wage growth to improve. Continue reading →

Despite a disappointment in GDP numbers for the Eurozone, as well as its economic drivers, i.e. Germany, France and Italy, FX traders shrugged off the news which allowed the common currency to steady early in Asian trade. Continue reading →

The Euro suffered only a modest loss against the U.S. Dollar thanks to a rebound after a hard fall which came after the release of a key economic report from Germany showed that business sentiment once again deteriorated, now for the 7th straight month. Continue reading →

Asian bourses were mostly higher on Tuesday tracking Wall Street’s overnight gains amid easing geopolitical jitters save for markets in China and India. Continue reading →

The European Central Bank yesterday made its policy announcement and though the outcome had been expected as indicated by a recently conducted poll of analysts and experts, it was Mario Draghi’s cautious commentary afterwards which sent the Euro lower amid investors’ fears. Continue reading →

Unexpectedly disappointing economic data in the Eurozone put a dent in investor sentiment which resulted in the Euro’s decline; investors also remain wary ahead of the ECB’s policy review and interest rate decision which is due tomorrow. Continue reading →

An unexpected improvement in activity in the services sector helped to push the U.S. Dollar Index higher to an 11-month peak; that improvement has helped to increase speculation that third quarter economic growth will have also improved and likely be o… Continue reading →

Market trading was exceptionally subdued as investors await the policy announcements from several of the world’s major central banks, including the Reserve Bank of Australia, the Bank of Japan and the European Central Bank. Continue reading →

Disappointing economic data from the U.S. on Friday resulted in the U.S. Dollar later suffering the largest single day’s decline in more than three weeks. Continue reading →

FX traders are eagerly awaiting tomorrow’s release of the U.S. Labor Department’s non-farms payroll data for July to either confirm the Federal Reserve’s assertion that the all-important labor sector still has room for improvement. Continue reading →