Tag: economic data

US Dollar Weekly Outlook (Apr 27 – May 1)

The US dollar weakened last week, losing ground against a basket of trade-weighted peers amid rising oil prices and US equities. The US dollar...

EUR/USD Plummets ahead of ECB Press Conference

The euro declined sharply against its US counterpart on Wednesday, as investors turned their attention to the European Central Bank’s monthly monetary policy meetings,...

GBP/USD Edges Lower amid Plunging UK Inflation

The British pound edged lower against the US dollar on Tuesday, as UK inflation fell to its lowest level since 1989, although core inflation...

EUR/USD Edges Higher Amid Greek Bailout Talks, Disappointing US Data

The EUR/USD advanced for a second consecutive day on Friday as Greece resumed talks with its Troika of creditors, while the US dollar continued...

USD/CAD Weekly Outlook

The USD/CAD advanced for a tenth consecutive week last week, climbing to a nearly six-year high of 1.2794. The pair gained more than 9.5...

Carney Speech Dominates This Week’s Agenda

Last week, the US dollar gained against the yen and all the commodity currencies, but lost out to the pound and the resurgent euro....

The Dilemma of Kicking the Can

Yes, the US Government is back in normal operation. Yes, the US Government averted default in their credit obligations. Yes, the US Government unlocked...

USD on Course for Biggest Rally in Two Months

Speculation is mounting that US economic reports, set to be released this afternoon, will boost the case for the proposed tapering of monetary stimulus...

Market Braced for Key Fed Events This Week

With no major economic releases today, and very few planned for the week, all eyes are on the July FOMC meeting minutes on Wednesday...

USD Rises on Strong Employment Data

The US dollar has been on the upswing this morning, on the back of encouraging employment and inflation data. The biggest market mover was...

Encouraging Economic Data From Europe Sends EUR/USD Haywire

The key economic data in Europe this morning concerned the Eurozone, and it makes for encouraging reading. In Q2 2013, the German economy grew...

Forex Market Outlook: Pacing the Bulls

Over the past few weeks, investors and everybody involved in the markets across the globe have been generally cheering about the very attractive state...

AUD Climbs Against the Dollar on Chinese Trade Balance Report

There was good news and bad news for the Australian economy this morning. Instead of gaining the expected 6.2K jobs in July, the Australian...

GBPUSD Rallies On PMI Construction Data Surprise

After several years of economic gloom, the UK economy finally seems to be picking up, pushing up the value of the pound against the...

How to Understand and Apply Market News and Data to Your...

One of the main influencing factors on the short-term movements of currencies is the market response to economic news and data releases. Most brokers...