FX News

Dollar and S&P 500 Volatility Risk Not Defused by Bernanke Testimony British Pound Biggest Fundamental Mover on Strong Jobs, Surprise BoE Minutes Euro Slides after Bank of Italy Downgrades Growth Outlook, Weak Portugal Bond Sale Canadian Dollar Welcomes New BoC Governor with a Read More →

Trading the News: U.K. Retail Sales What’s Expected: Time of release: 07/18/2013 8:30 GMT, 4:30 EDT Primary Pair Impact: GBPUSD Expected: 0.2% Previous: 2.1% DailyFX Forecast: 0.0% to 0.6% Why Is This Event Important: U.K. Retail Sales are projected to increase another 0.2% in June and the ongoing Read More →

THE TAKEAWAY: Bank of England Minutes show 9-0 vote to maintain current policy stance > Bernanke reiterates previous statements and states that asset purchases are not on a “preset course” The two significant events today relate to the Bank of England Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10825.49 10842.43 10772.6 0.27 94.73% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is now trading 0.18 percent higher from the open as Fed Chairman Ben Bernanke reiterated that the FOMC Read More →

THE TAKEAWAY:USD Fed Chairman Bernanke’s prepared remarks for Congressional testimony released > Highlights caution on economy, hesitation in withdrawing stimulus at risk of higher interest rates > USDOLLAR BEARISH Federal Reserve Chairman Ben Bernanke is set to deliver remarks at his Read More →

Trading the News: Bank of Canada Interest Rate Decision What’s Expected: Time of release: 07/17/2013 14:00 GMT, 10:00 EDT Primary Pair Impact: USDCAD Expected: 1.00% Previous: 1.00% DailyFX Forecast: 1.00% Why Is This Event Important: Although the Bank of Canada (BoC) is widely expected to keep the benchmark Read More →