Forex Trading News
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Forex interest returns
30 Jan at 12 PM
News Item Link: Forex interest returns
Investment in foreign currencies has hit an upturn as the UK pound, Swiss franc and Japanese yen decline. Investors have been encouraged by better sentiment with regard to the eurozone. A surge in yen trading followed an announcement by the Bank of Japan that it would be introducing measures to counter deflation on 22 January. Barclays...
Dollar down as more Fed stimulus expected
12 Dec at 9 AM
News Item Link: Dollar down as more Fed stimulus expected
Expectations that the US Federal Reserve will introduce further economic stimulus measures have seen the dollar drop against the euro. The single currency has also been strengthened by positive economic sentiment coming out of Germany. The fourth-quarter has seen the euro strengthen by 1.2 per cent and more bond buying by the US central...
Bank of Japan policy easing announcement expected soon
19 Sep at 11 AM
News Item Link: Bank of Japan policy easing announcement expected soon
The yen remained down on the dollar in Asian trading on Wednesday as speculation mounted that the Bank of Japan could be ready to ease monetary policy when its two-day meeting draws to a close later today. Experts say that he chances the BOJ could carry out action have gone up since the US Federal Reserve announced last week that it was...
Dollar held back by Fed
17 Sep at 6 PM
News Item Link: Dollar held back by Fed
The dollar remained close to a seven-month trough versus a number of major currencies at the beginning of the week, and was expected to remain pressurised on the back of the Federal Reserve’s decision to launch monetary stimulus to prop up the US economy. The central bank’s announcement last week that it was to carry out a third wave...
Dollar up on yen following US economic data
14 Aug at 4 PM
News Item Link: Dollar up on yen following US economic data
The dollar climbed versus the Japanese yen on Tuesday on the back of US data that revealed retail sales in the country were up in July. The figures were an indication that consumers may provide hope that the economy can expand during the third quarter, and it was also the first time retail sales had increased in four months. The greenback...
Euro up against dollar and yen before Fed
1 Aug at 3 PM
News Item Link: Euro up against dollar and yen before Fed
The euro climbed versus the dollar and yen yesterday as the Federal Reserve kicked off a two-day meeting, but low expectations about what the European Central Bank may decide to do later this week kept investors cautious of aggressively buying the currency. The ECB is due to meet on Thursday, just a day after the Federal Reserve finishes...
USD/JPY drops further in European trading
16 Jul at 6 PM
News Item Link: USD/JPY drops further in European trading
The USD/JPY has been declining for most of the day, and the European afternoon session was no different. Risk aversion increased investor flight which has boosted the yen while, in the US, disappointing economic data has hit the pair’s strength even further. FX Instructor analyst Mark De La Paz said that the bearish engulfing in hourly...
Yen trading lower after poor Japanese economic data
9 Jul at 6 PM
News Item Link: Yen trading lower after poor Japanese economic data
For the 24 hours prior to 23:00 GMT on Friday, the US dollar weakened 0.35 per cent versus the Japanese yen, closing at 79.63. The leading index went up in Japan to a 95.9 reading in May, up from a revised 95.6 reading the previous month, while the coincident index fell marginally to 95.8 in May. The Asian session saw the pair trading...
USD/CHF falls as Greek exit fears calm
29 May at 9 AM
News Item Link: USD/CHF falls as Greek exit fears calm
The US dollar lost ground on the Swiss franc yesterday, as concerns over Greece departing the eurozone calmed after an opinion poll from the Mediterranean country showed the pro-bailout party had more support ahead of June’s elections. USD/CHF dropped to 0.9529 during morning trade in Europe, the lowest the pair has been since 23 May;...
China banks report net monthly forex selling in April
25 May at 11 AM
News Item Link: China banks report net monthly forex selling in April
Chinese banks delivered a strong performance in April by selling more foreign currency than they purchased for clients, resulting in a net sale in foreign exchange of $3.7bn, revealed the State Administration of Foreign Exchange’s figures. It was the first time this year that the banks have delivered net selling, although they did...