Recent content by DailyFX

Wednesday, 06 May 2009 11:32:50 GMT Written by David Song, Currency Analyst Full Article The Bank of England is widely expected to hold the benchmark interest rate steady at the record-low of 0.50% and is likely to uphold its GBP 75B asset purchase program in an effort to stimulate the ailing...

Monday, 04 May 2009 11:21:00 GMT Written by David Song, Currency Analyst Full Article The Reserve Bank of Australia is expected to hold the benchmark interest rate steady at the 49-year low of 3.00% as the board adopts a wait-and-see approach, and long-term expectations for higher interest...

Wednesday, 29 April 2009 11:45:55 GMT Written by David Song, Currency Analyst Full Article The euro may face increased selling pressures over the next 24 hours of trading as economists forecast German unemployment to rise another 65K in April, and the labor market is likely to deteriorate...

Monday, 27 April 2009 11:51:25 GMT Written by David Song, Currency Analyst Full Article Economic confidence in the Euro-Zone is expected to bounce back from a record-low reading in March as policymakers continue to take unprecedented steps to shore up the economy however, as the region faces...

Wednesday, 22 April 2009 10:57:15 GMT Written by David Song, Currency Analyst Full Article Retail spending in Canada is expected to fall 0.3% in February as households face a weakening labor market paired with tightening credit conditions, and economic activity within the region is likely to...

Monday, 20 April 2009 11:06:59 GMT Written by David Song, Currency Analyst Full Article High uncertainty surrounding the Bank of Canada’s interest rate decision is likely to spark volatility across the foreign exchange market, and the central bank may continue to take unprecedented steps to...

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Wednesday, 15 April 2009 11:28:34 GMT Written by David Song, Currency Analyst Full Article Housing starts in the U.S. is expected to slip to an annualized rate of 540K in March as credit conditions remain far from normal however, as policymakers take unprecedented steps to lower mortgage rates...

Monday, 13 April 2009 11:22:38 GMT Written by David Song, Currency Analyst Full Article Retail sales in the U.S. is expected to rise 0.3% in March as tax refunds begin to reach consumers however, the outlook for private-sector spending remains bleak as households face a weakening labor market...

Wednesday, 08 April 2009 11:44:16 GMT Written by David Song, Currency Analyst Full Article The Canadian dollar is likely to face increased selling pressures over the next 24 hours of trading as economists forecast employment to drop another 50.0K in March, while the jobless rate is anticipated...

Wednesday, 01 April 2009 13:59:08 GMT Written by David Song, Currency Analyst Full Article The European Central Bank is widely expected to lower the benchmark interest rate by 50bp to a record-low of 1.00% as the outlook for growth and inflation falter. A Bloomberg News survey shows that 49 of...

Monday, 30 March 2009 11:19:58 GMT Written by David Song, Currency Analyst Full Article The German labor market is expected to weaken for the fifth consecutive month as economists forecast unemployment to rise another 52K in March, and conditions are likely to get worse throughout the first...

Wednesday, 18 March 2009 12:19:22 GMT Written by David Song, Currency Analyst Full Article A Bloomberg News survey shows that economists forecast retail sales in Canada to increase 1.0% in January even as demands dropped at a record pace in the previous month however, as households face a...

Monday, 16 March 2009 11:26:17 GMT Written by David Song, Currency Analyst Full Article The British pound is likely to face increased selling pressure over the week as economists forecast jobless claims in the U.K. to rise another 84.8K in February, and the labor market is likely to weaken...

Wednesday, 11 March 2009 11:38:27 GMT Written by David Song, Currency Analyst Full Article What’s Expected Time of release: 03/12/2009 12:30 GMT, 08:30 EST Primary Pair Impact: EURUSD Expected: -0.5% Previous: 1.0% Impact the U.S. retail sales report had over EURUSD for the past 2 months...