EUROPEAN SESSION UPDATE: Profit taking may be responsible for the pause in the single currency rally; annual inflation estimated below the ECB target… What’s eating the Euro and Pound in the final trading day this week? That might have been the Read More →

Trading the News: U. of Michigan Confidence What’s Expected: Time of release: 05/17/2013 13:55 GMT, 9:55 EDT Primary Pair Impact: EURUSD Expected: 84.5 Previous: 84.5 DailyFX Forecast: 80.0 to 86.0 Why Is This Event Important: The U. of Michigan Confidence survey is expected to hold at a five-year Read More →

Dollar Suffers Critical Yen and Euro Break, But is It Fatal? Japanese Yen: USDJPY and EURJPY Unable to Rally with Equities Euro: Officials Remark OMT Legal, But New Stimulus Not Planned Australian Dollar Enjoys Second Biggest Rally in a Year British Pound: BoE Official Read More →

In a span of little over seven months, the Japanese yen plunged between 22 and 33 percent against its most liquid counterparts. That is an incredible pace for the deep end of the FX pool. While the yen could be Read More →