Daily Forex News

Fed remains on easing course

After the volatility of the previous 24 hours on EUR/USD, what’s most remarkable is just how steady the single currency has been in the wake of the latest US jobs numbers. The bigger ...
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Struggling for eurozone growth

One of the things European leaders were in agreement on at their latest crisis summit was the need for growth. That’s the easy part. Delivering it when the global economy is under ...
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Not the smoking gun Fed doves sought

On the face of it, after some of the recent misses and revisions, this was a relatively tame number in terms of ‘shock value’. US non-farm payrolls increased 80K in June, not that ...
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EURUSD rose supported by the ECB yesterday. Busy economic calendar today.

Yesterday EURUSD rose and closed at 1.2570 after the president of ECB Mario Draghi stated the ECB stands ready to act if the economy slips lower. ECB kept the benchmark interest rate ...
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Disappointing US payrolls on Friday. Swiss and Canadian data due today.

Only 115000 jobs in the United States were added in April versus 160000 expected. The unemployment rate fell from 8.2 percent to 8.1 percent after positive back revisions. The release ...
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US Jobless Claims on focus of the investors today

The EURUSD rose yesterday as concerns over Spain’s financial crisis slightly eased. The Prime Minister of Spain stated that the country would not require a bailout and that the ...
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Australian employment report stronger than expected

FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)WORLD A much stronger than expected Australian employment report gave AUDUSD 70 pips of upside overnight. 44k new jobs were created against ...
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USD/CHF: Swiss Franc trading higher this morning

USDCHF Movement For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9188. In Switzerland, the unemployment rate fell to 3.2% in March, compared to 3.4% in ...
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