Forex Day Trading News
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Spain budget announcement sees euro stay above two-week low
28 Sep at 10 AM
News Item Link: Spain budget announcement sees euro stay above two-week low
The euro was able to hold above its two-week low versus the dollar after Spain announced a fresh budget which many market players saw as the first step towards requesting financial aid.
With the third quarter coming to an imminent end, the euro is on course to close it out with a marginal gain, but the quarter ahead is likely to see the...
Euro remains near one-week trough against dollar
26 Sep at 3 PM
News Item Link: Euro remains near one-week trough against dollar
The euro hovered close to a one-week low versus the dollar on Wednesday, held back by continued uncertainty over whether Spain will finally request financial aid.
The situation worsened in Spain on Tuesday as angry protesters took to the streets of Madrid to vent their dissatisfaction about further austerity measures which will be...
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...
Euro up on talks of ECB bond buying
5 Sep at 6 PM
News Item Link: Euro up on talks of ECB bond buying
The euro rebounded from losses earlier in the day to jump dramatically following indications that the European Central Bank is set to announce a fresh government bond purchasing initiative to tackle the debt crisis in the eurozone.
The ECB is scheduled to have a policy meeting on Thursday at which more details of the programme will be...
Euro gains on yen
17 Aug at 2 PM
News Item Link: Euro gains on yen
The euro reached a six-month peak on the yen on the back of remarks from German Chancellor Angela Merkel that European leaders are behind the European Central Bank in carrying out measures to ease the region’s debt crisis.
Merkel said that comments made by Mario Draghi, the president of the ECB, insisting that the central bank was...
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 calm, boosted by optimism over ECB action
8 Aug at 4 PM
News Item Link: Euro calm, boosted by optimism over ECB action
The euro was steady versus the dollar in Asian trading on Wednesday, helped by increased optimism that the European Central Bank will launch measures to reduce Spain and Italy’s borrowing costs.
The single currency remained largely unchanged from Tuesday’s late US trade at $1.2394, close to its one-month peak of $1.2444 reached on...
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...
Aussie dollar up on RBA comments and Chinese data
26 Jul at 9 AM
News Item Link: Aussie dollar up on RBA comments and Chinese data
The Australian dollar remains lower but began to climb after positive comments by the governor of the central bank on the Australian economy and better than anticipated economic data from China.
At close of trading on Tuesday, the Aussie was trading at 102.89 USD, down from Monday’s figure of 103.12. On Tuesday as a whole, the currency...