Forex Friday News Today

Once the core PCE data is out of the way on Friday, the focus for FX traders will turn to important macro events coming up in the week ahead. As mentioned, we have the RBA and RBNZ rate decision in mid-week, with US and Canadian employment report to come in the latter parts of the week. While Friday is going to be a bank holiday for most of Europe and Canada, we will have the US non-farm payrolls report released that day, which could mean higher-than-usual volatility due to lower trading volumes...

The major European stock averages tumbled shortly after the open and everything else followed suit – the EUR/USD, GBP/USD, AUD/USD etc. Yen crosses were hit the hardest, with the EUR/JPY down over 240 pips at the time of writing. Concerns over the banking sector intensified as investors sold shares of Deutsche Bank.

In this week’s edition, we discuss the potential for the EUR/USD to drop to parity, following the footsteps of CHF/USD.

In this week’s edition, we discuss the dollar and its impressive rally and the Canadian dollar.

In this week’s edition, we discuss the dollar and its impressive rally, and ponder over the pounded pound...