Trading the News: Reserve Bank of New Zealand Interest Rate Decision What’s Expected: Time of release: 07/24/2013 21:00 GMT, 17:00 EDT Primary Pair Impact: NZDUSD Expected: 2.50% Previous: 2.50% DailyFX Forecast: 2.50% Why Is This Event Important: Although the Reserve Bank of New Zealand (RBNZ) is widely anticipated Read More →

THE TAKEAWAY: US New Home Sales vastly surpass market expectations > Dollar Index rebounds after three days of weakness The USD finally regains some legs after three consecutive days of weakness.The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) gains +39 (+0.36%) Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10776.93 10803.61 10743.99 0.27 82.80% Chart - Created Using FXCM Marketscope 2.0 The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.27 percent higher from the open as U.S. New Home Sales increased 8.3 percent in June amid Read More →

EUROPEAN SESSION UPDATE: ECB sees a decline in loan demand in Q3; Moscovici makes further optimistic statements about the French economy… While the Euro is the big winner thus far in today’s Forex trading session, following a beat of expectations in Read More →

The Euro aims to extend recent gains as July’s flash PMI roundup hints at moderation in the manufacturing and services sectors, bolstering the ECB policy outlook. Talking Points Euro May Rise as Improved PMI Readings Boost ECB Policy Outlook US Dollar May Fall Read More →