Author Archives: info@dailyforex.com

Financial markets are still basking in the afterglow of the unexpectedly robust labor report from the U.S. Department of Labor which was released last Thursday, even after a foreshortened workweek as the result of the Independence Day holiday. Continue reading →

Asian shares rose to a three-year peak on Friday and the dollar held near its overnight highs after U.S. jobs data showed the lowest unemployment rate in six years and underscored the strength of the economic recovery. Continue reading →

The release of private sector labor data from U.S.-based ADP which showed that 281,000 new jobs were added in July helped to lift the U.S. Dollar and kept up the bullish momentum in the Asian trading session. Continue reading →

European stocks advanced for a second day, following yesterday’s biggest gain in almost two months, as investors awaited reports on U.S. jobs and factory orders. U.S. index futures were little changed, while Asian shares rallied. Continue reading →

With the likelihood that the Federal Reserve’s FOMC will maintain monetary policy with ultra low interest rates for an extended period, the U.S. Dollar Index traded at a 7-week trough during the Asian session, extending June’s decline. Continue reading →

During the Asian trading session, the U.S. Dollar languished close to a 1-month trough after suffering from the largest weekly fall in two months as a result of disappointing economic data pushed investors to the sidelines and dampened the greenback’s allure. Continue reading →

Get the trading schedule information for the upcoming July 4th holiday here. Continue reading →

In lackluster trading and as investors focused on currencies with higher yields, the New Zealand Dollar managed to carve out gains and then hovered close to a 3-year peak. Continue reading →

The U.S. Dollar Index remained within striking distance of a 1-month trough after news that first quarter growth figures for the U.S. economy came back with a downward revision. Continue reading →

Surprising markets with a more dovish stance than expected, Mark Carney, the governor of the Bank of England, said recently that the United Kingdom’s economy still had excess slack which needed to be considered before there could be any changes to monetary policy. Continue reading →