Author Archives: info@dailyforex.com

The U.S. Dollar Index continued to firm against a basket of major rivals, holding on to gains made on Wednesday in the wake of last Friday’s labor report; the Index is used by FX traders to measure the greenback’s strength relative to its peers. Continue reading →

After last Friday’s surprisingly improved labor data from the U.S. the greenback moved higher against its Japanese counterpart while the Euro firmed after hitting a multi-month trough as it attempts to recover from last Thursday’s European Central Bank decision. Continue reading →

The Euro remained steady in the wake of a hard fall after the ECB yesterday acknowledged that the Eurozone economy needed additional stimulus in order to push itself from the low growth and low inflation trend in which it had become mired. Continue reading →

With the European Central Bank rate decision looming only hours away, the Euro held close to a 4-month trough during the Asian trading session as investors take a wait and see approach. Continue reading →

The Euro managed to hold on to gains made overnight but analysts expect that those gains were likely limited in the wake of relatively tepid data on Eurozone inflation. Continue reading →

Asian stocks climbed on Tuesday, prolonging a 6 month high on the regional benchmark index, and allaying fears about a slowdown in the region’s economy. Get the full news analysis for June 3, 2014 here. Continue reading →

As the June European Central Bank policy meeting looms, the pressure on the Euro continues to be relentless with markets bracing for some form of easing. Get the full news analysis for June 2, 2014 here. Continue reading →

The Japanese Yen moved higher against the Euro on profit taking ahead of the weekend. According to analysts, investors’ expectations that the Bank of Japan might increase their pace of quantitative easing has been running low and boosting the Yen’s strength relative to its peers. Continue reading →

With speculation growing that the European Central Bank is likely to undergo a transformation to a looser policy after its next monetary policy meeting, the Euro has been under relentless as a result. Get the full analysis for May 29, 2014 here. Continue reading →

After weeks of being mired down, the U.S. Dollar firmed and then steadied and the U.S. Dollar Index held close to an 8-week high against its peers following the release of new, unexpectedly improved economic data which lifted sentiment for the greenback. Continue reading →