Dollar edges higher as investors turn focus on Jackson Hole meeting

NEW YORK (Reuters) – The dollar edged higher on Thursday after another politically driven slide against the euro and yen in the previous session, as investors shifted focus away from government tension in Washington to an upcoming global central bankers’ gathering. But the respite was expected to be temporary as investors awaited key speeches from Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghiat the Jackson Hole…

US Core Retail Sales | July 14, 2017 | Forex

US Core Retail Sales is a high impact tradable release but since it is scheduled to be released with the Core CPI, market will undoubtedly look at both releases and since CPI is directly monitored by the Fed, it is likely to hit the market with more impact in the event of a surprise. Market […]

Daily Newsletter Is Back!

Back by popular demand, our once long-running (10 years) daily newsletter is back. Just enter your email address in the Newsletter box above then confirm your email (we’ll send you an one-time confirmation email), and that’s it. You’ll start receiving your newsletter daily on Upcoming tradable news, market headlines, important economic topics for the day, and […]

China’s forex reserves fall to $3.20 trillion in July: PBOC data

China’s foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations. Economists polled by Reuters had predicted reserves would fall to $3.20 trillion from $3.21 trillion at the end of June. China’s reserves, the largest in the world, fell by $4.10 billion in July. The reserves rose $13.4 billion in June, rebounding from a 5-year low in May…

Japan will intervene in Forex markets if one-sided yen rises too much: FM Aso

Japan will intervene in the currency market if “one-sided” yen rises last long enough to hurt its economy, Finance Minister Taro Aso said, issuing the strongest threat of action since the yen started its rapid ascent in the past few weeks. It was the second straight day Aso explicitly used the word “intervention” in warning investors against pushing up the yen too much…

Top 10 Weekly Forex Market Headlines – 02.28.2014

1. Draghi signals March ECB’s policy meeting could be critical February 24, European Central Bank President Mario Draghi Sunday signaled the central bank’s March policy meeting could be critical in determining whether the ECB will provide additional stimulus to shore up the nascent euro-zone economic recovery… 2. Further sterling strength could delay rate hike: BOE’s […]

China tackles Forex speculators by weakening currency

HONG KONG (CNNMoney) China let its currency fall sharply again Friday, sending another clear message to speculators that the yuan is not a one-way bet. It was the ninth consecutive decline for a currency that is tightly controlled by the central bank and has rarely deviated from a steady appreciation…

U.K. joins global crackdown into Forex trading

LONDON (CNNMoney) A global crackdown into forex trading is gathering pace as U.K. regulators investigate possible misconduct in the $5.3 trillion foreign currency market…

BOJ’s monetary policy not aimed to weaken yen but is key to driving FX moves

(Reuters) – Japanese Prime Minister Shinzo Abe said on Monday the central bank’s monetary policy is not directly aimed at weakening the yen, but is among key factors driving exchange-rate moves…

Forex Trading Strategies #7 – Positive And Negative Prospect

This is the final article on Forex Trading Strategies.  Click here for Forex Trading Strategies #6 – Investing Versus Trading Forex Trading Strategies – Positive And Negative Prospect Trading is a lot like going into battle, and according to Sun Tzu in the Art of War: 知彼知己,百戰不殆;不知彼而知己,一勝一負;不知彼,不知己,每戰必殆 It is said that if you know your enemies and […]

China sets up new co-financing office to diversify its $3.31 trillion Forex reserves

(Reuters) – China has set up a new unit to help diversify its $3.31 trillion holdings of official reserves, the country’s currency regulator said on Monday. The State Administration of Foreign Exchange (SAFE) said the SAFE Co-Financing office had been created to explore…

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