Forex Daily Outlook Archive

Risk markets attempted a recovery last week on some positive news as Germany and Finland approved expansion of the EFSF while Troika returned to Greece finally. However, strength of the recovery was far from impressive and lost momentum towards the end of the week. While...

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Although the greenback rallied across the board yesterday as the Federal Reserve looked less likely to announce QE3, the greenback failed to extend yesterday’s gain and retreated quite sharply versus most major currencies. In the past 2-3 trading days, the greenback started to rebound...

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Risk selloff intensified initially last week in response to S&P’s downgrade of US rating and the hollow statement G7 regarding the current market turmoil. Though, sentiments “stabilized” as the week went on, after Fed pledged to keep rates low until mid-2013. The attempt to extend...

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The greenback finally staged a rebound after falling to 76.29 yesterday (just few ticks above historical low of 76.25 made in March) on speculation that Japanese officials will take action in the forex market to curb yen’s rally, the Japanese currency also slipped versus...

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The single currency continued to edge higher as investors gained confidence that EU leaders are getting closer to reach an agreement on settling Europe’s debt crisis. German Chancellor Angela Merkel changed her tone as she said Thursday’s special summit of EU leaders...

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U.S. job market turned out to be much weaker than most economists’ forecast, U.S. Labor Department reported that June non-farm payrolls only increased by 18K, well below market consensus of 89K (some analysts even raised their expectation in view of the strong ADP private...

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Eurozone and Greece news dominated headlines last week but it was Swiss Franc that shone over the week, making new record highs against both Dollar, Euro and Sterling. Greece Prime Minister Papandreou passed the confidence vote by a thin margin and will face parliamentary vote...

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[WizardRSS: unable to retrieve full-text content] Euro attempted a recovery last week as the drama on Greece continued. There were talks of "reprofiling" or "soft restructuring" of Greece debt as well ECB’s opposition to such an idea. However, the common currency failed to sustain gain and...

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EUR/USD resumes recent rally and is back above 1.47 level after Fed holds rates unchanged at 0-0.25% today and noted the current outlook “warrant exceptionally low levels for the federal funds rate for an extended period.” Fed also indicated that it will complete the $600b...

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