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Nowotny Casts Dovish Shadow Over Draghi Growth Comments

EUROPEAN SESSION UPDATE: ECB’s Nowotny said the economic downturn is underestimated and unconventional tools should be analyzed, Euro declines slightly; Bundesbank cuts growth forecast… The major European currencies took a breather in today’s session, as risk-correlated currencies saw big moves ahead Read More →

Yen Gains, Aussie Sinks as Markets Position for US Jobs Data

The Japanese Yen rose while the Australian Dollar tumbled amid fears that US jobs data will encourage the Federal Reserve to reduce the size of its stimulus program. Talking Points Yen Gains, Aussie Dollar Sinks as Markets Position for US Jobs Data US Read More →

EUR/USD- Trading the U.S. Non-Farm Payrolls (NFP) Report

Trading the News: U.S. Non-Farm Payrolls What’s Expected: Time of release: 06/07/2013 12:30 GMT, 8:30 EDT Primary Pair Impact: EURUSD Expected: 165K Previous: 165K DailyFX Forecast:160K to 200K Why Is This Event Important: The world’s largest economy is expected to add another 165K job in May and a Read More →

USD Searches for Support Ahead of NFPs- GBP to Outperform

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10644.14 10728.89 10643.77 -0.51 114.60% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.41 percent lower from the open after moving 101 percent of its average true range, and Read More →

Pound Looks Higher as BoE Retains Current Policy- ECB in Focus

Forex_Pound_Looks_Higher_as_BoE_Retains_Current_Policy-_ECB_in_Focus_body_ScreenShot013.png, Pound Looks Higher as BoE Retains Current Policy- ECB in Focus
Talking Points British Pound: BoE Preserves Current Policy, 38.2% Fib in Sight Euro: ECB to Keep Benchmark Interest Rate at Record-Low British Pound: BoE Preserves Read More →

Euro and Pound Climb Higher Ahead of Central Bank Decisions

THE TAKEAWAY: German factory orders decline 2.3% in April -> Euro and Pound climb ahead of central bank decisions German factory orders declined by 2.3% in April, the biggest decline in five months and disappointing expectations for only a 1% decline. Read More →