Forex News

US Dollar at Risk of Declines as Fed Hints at Fresh Quantitative Easing Fundamental Outlook for US Dollar: Bullish - US Federal Reserve hints at further Quantitative Easing, Sinks US Dollar - Home Sales data remains near record-lows, bodes poorly for economic outlook - Positioning and signs of reversal nonetheless warn of potential US Dollar recovery The US Dollar finished sharply lower against all major forex counterparts on a week of mediocre economic data and a noteworthy shift in rhetori

US Dollar at Risk of Declines as Fed Hints at Fresh Quantitative Easing Fundamental Outlook for US Dollar: Bullish - US Federal Reserve hints at further Quantitative Easing, Sinks US Dollar - Home Sales data remains near record-lows, bodes poorly for economic outlook - Positioning and signs of reversal nonetheless warn of potential US Dollar recovery The US Dollar finished sharply lower against all major forex counterparts on a week of mediocre economic data and a noteworthy shift in rhetoric...

With rising fears about additional monetary easing by the Federal Reserve, speculators have begun to exit many of their USD positions in favor of higher yielding assets. Bank intervention in Japan also has many investors weary of entering yen positions in the near future, but poor fundamentals out of Europe have traders just as concerned about their investments in the euro zone, but have the added benefit of less government tinkering. The EUR's best bet for the moment could be to lie low and...

The US dollar traded near a five-month low versus the EUR before a U.S. report today that may show existing home sales are close to a 10-year low, adding to signs the world's largest economy is struggling to recover. USD - US Dollar Extends Losses The US dollar fell against most of the major currencies on Wednesday, a day after the Federal Reserve said it was ready to take further action to boost the U.S. economy and fend off any deflationary threats. As a result, the dollar fell to its...

The Dollar is under pressure ahead of the Federal Reserve meeting statements later today, as the possibility of further quantitative easing measures by the Fed weigh on the greenback. USD - Markets Await the FOMC Meeting Statements The U.S Dollar fell against most counterparts Monday over concerns ahead of today's Federal Reserve meeting. Speculations regarding another round of economic stimulus put investors in a cautious mood. The FOMC meeting minutes has overshadowed lingering Euro-Zone...

A very fascinating event took place last week as the Japanese leadership decided to intervene in the national currency's trading. As planned, the Japanese yen fell against all the major currencies. At the moment, Japan is promising to fight the strong yen, and admits that further interventions could take place. Is the yen likely to fall further? USD - Positive U.S. Economic Data Spurs Demand for Risky Assets and Weakens the DollarThe U.S. dollar fell against most of the major currencies...

Dollar Turns to FOMC Meeting to Confirm or Counter New Bear Trend Fundamental Outlook for US Dollar: Bullish - US Dollar marks a critical break as speculation of a new round of Fed stimulus grows - Consumer confidence stumbles and retail sales slips as the economy’s primary engine stalls - IF the dollar can curb its tumble against the euro, the rest of the majors could follow The benchmark dollar put in for a critical bearish break this past week. Though, the odd thing about this slip is that...

This past week's news has given some investors hope that an economic recovery is indeed underway in America, even if recent news has begun to comment about a pause. The US IBD/TIPP Economic Optimism gauge on Tuesday was 1.2 points higher than expected, while American retail sales also beat forecasts. Wednesday saw a minor slowdown in industrial production, but yesterday's PPI, unemployment claims, and TIC long-term purchases reports all showed forecast-beating growth in the US economy. USD -...

The most significant economic event yesterday was beyond any doubt Japan's ‎confirmation of a unilateral intervention in yen trading in order to put a stop to the ‎soaring currency. The consequences were seen immediately and the yen saw its ‎biggest daily loss in 22 months. Unusual trading is expected today as well. ‎ USD - Dollar Sees Mixed Results Vs. The MajorsThe U.S. dollar saw mixed results against most of the major currencies during ‎yesterday's session. The dollar fell about 80 pips...

Less than expected German factory orders and worries over the Irish fiscal situation ‎had traders bidding equities lower and buying into safe haven assets as USD/JPY and ‎the EUR/CHF fell to new lows.‎ USD - Greenback Rises on Safe Haven BuyingThe dollar put in a strong showing for a second day versus most of the major ‎currencies. Traders were quick to buy the dollar following a Wall Street Journal article ‎that highlighted European banks' exposure to risky government bonds that were...

The EUR rose against the U.S. dollar on Wednesday, buoyed by successful bond auctions in Portugal and Poland that made the single currency's fall the prior session look overdone. The EUR rose 0.4% against the USD after an early fall as low as 1.2660. USD - Dollar Drops against the MajorsThe U.S. dollar fell against most of its major currencies on Wednesday after the Federal Reserve's Beige Book cited a slowing economy and limited inflation pressure, though stayed lower amid better news out of...

Riskier currencies made significant jumps in overnight trading, as positive news from the US economy led to renewed optimism in the global economic recovery. The most recent US Trade Balance and Unemployment figure both came in better than expected, and led to gains for the Canadian and Australian dollars. Still, the news was not enough to help the euro, which took some losses against the US dollar. USD - Dollar Slowly Moving Away from Record Lows against JPYThe greenback has been slowly...

US Dollar Could Strengthen if Advance Retail Sales Data DisappointsFundamental Outlook for US Dollar: Bullish - US Dollar starts the week strong as Dow Jones tumbles push it to highs vs. Euro - Subsequent rebound in US S&P 500 weighs on the US Dollar - View our monthly Euro/US Dollar Exchange Rate Forecast The US Dollar traded slightly higher against major forex counterparts in an uneventful week of trading, showing little impetus to break important support or resistance levels on similarly...

Following solid economic news out of China released last Friday, the euro, as well as other so-called riskier currencies, has maintained an upward trend going into this week. That being said, analysts are warning that these gains may only be temporary. Overall economic sentiment regarding the euro zone is still fairly pessimistic. The slightest bit of bad news could cause investors to revert back to the safe haven US dollar and yen, which would lead to a drop for euro pairs. USD - USD Starts...

The U.S. dollar fell to a fresh 15-year low against the Japanese yen ahead of a big leadership election in Japan. The greenback also sank against the euro during Tuesday's trading. USD - Dollar Falls Ahead of Japan Leadership VoteThe U.S. currency was near a 1-month low against a basket of currencies after suffering its steepest fall against the euro in two months as rising investor risk appetite helped the European currency.The dollar fell to a 9-month low against the Swiss franc on Tuesday...