intraday

Despite initial weakness observed in response to a dovish ECB press conference from Draghi, which saw the ECB chief acknowledging building downside risks to the eurozone, EUR managed to post a strong reversal on Friday. EUR strengthened…

The U.S. dollar traded subdued amid a quiet trading day. Economic data on the day showed that the Eurozone's industrial production fell 1.7% on the month. This was worse than the forecast of a 0.3% increase and down from a revised 0.1%…

The U.S. dollar closed on Friday with some modest gains. Economic data showed that Australian retail sales increased by 0.4%. This beat estimates of a 0.3% increase and advanced from 0.3% in the month before. Data from the UK covered the…

The U.S. dollar eased as some Fed members commented that the central bank should be patient in hiking interest rates. Similar views echoed from the release of the FOMC meeting minutes on Wednesday. A weaker USD currency sent most of its…

The U.S. dollar was seen trading volatile a day after the Fed hiked rates. On the economic front, the Bank of Japan's meeting held yesterday did not see any major changes. The central bank left interest rates unchanged as widely expected.…

The U.S. dollar was seen trading weaker on Tuesday. The weakness in the greenback comes ahead of today's Fed meeting. However, the USD was seen managing to recover some of the losses later in the day. Economic data on the day showed that…

The U.S. dollar was seen trading subdued on Thursday in the backdrop of the dovish interpretation from Fed Chair Powell's speech on Wednesday. Economic data on the day showed that Swiss GDP contracted 0.2% on the quarter ending…

The U.S. dollar continued to post gains on Tuesday. Economic data on the day showed that the Eurozone's initial estimates of the third quarter GDP grew just 0.2% in the three months ending September 2018. This brought the annual GDP growth…

Daily Forex Market Preview, 24/10/2018 The U.S. dollar maintained its dominance on Tuesday, but price action was seen easing slightly following the gains. On the economic front, data was relatively quiet. The rising global tensions saw the…