FX News

Don’t Fight the Fed - Bernanke's Words Will Drive US Dollar Lower Fundamental Forecast for US Dollar: Bearish US Dollar has held on, Read More →

British Pound Looks Higher Ahead of 2Q GDP as BoE Votes Unanimously Fundamental Forecast for the British Pound: Bullish GBP/USD Daily Range is Read More →

THE TAKEAWAY: G20 finance ministers, labor ministers, and central bank governors meet in Russia> PBOC removed its floor on lending rates While there was a shortage of market-moving economic data today (Canada reported CPI of +1.3% in line with expectations), two Read More →

EUROPEAN SESSION UPDATE: Euro doesn’t react to the Chancellor’s comments ahead of the September German elections; eyes turn to weekend… German Chancellor Merkel sounded chipper this morning when discussing the state of the economy in Germany and the rest of the Read More →

Trading the News: Canada Consumer Price Index What’s Expected: Time of release: 07/19/2012 12:30 GMT, 8:30 EDT Primary Pair Impact: USDCAD Expected: 1.2% Previous: 0.7% DailyFX Forecast: 1.0% to 1.2% Why Is This Event Important: The headline reading for Canadian inflation is expected to increase an annualized 1.2% Read More →

Currency markets have turned their attention the outcomes of a G20 meeting in Russia as well as an upper-house election in Japan this weekend. Talking Points Aussie, NZ Dollars May Rise if G20 Hints at Coordination on Stimulus Japanese Yen Soars, Nikkei Plummets Read More →