Market News

The Euro traded markedly lower during Asian trading on Monday, the third day after in Paris left the country, and the world, reeling.

The European Central Bank surprised and disappointed the market today, as the President Mario Draghi announced a QE extension program and deposit rate cut of 0.10%.

This week should be more newsworthy than last week, with key Central Bank events due concerning the USD, the JPY and the AUD.Get the economic and political calendar for the popular currencies for the week of November 16, 2015.

The question of whether the Fed will raise interest rates by the end of the year is still very much in doubt. But inflation numbers to be reported on Tuesday could provide the final clues as to whether the Fed’s first rate increase in nearly a decade will actually take place.

Oil prices continued their decline Friday, heading towards below $42.00 a barrel and hitting the lowest they’ve been since August. Asian stocks followed Wall Street down in early morning trading, as prices of commodities headed southward.

Though markets were disappointed when Mario Draghi spoke at the Open Forum in London yesterday, it was a different story today. In testimony given to the European parliament, Draghi pointedly said that the Euro’s appreciation since May was viewed by the ECB as a key component of the ECB’s inflation outlook.

Asian shares slipped lower early Thursday, with energy shares leading declines. Wall Street showed reserved returns Wednesday with limited trading due to the U.S. Veterans Day holiday.

Though every FX player believes they know what the head of the European Central Bank might do next, it doesn’t prevent wariness of a surprise.

The news out of New Zealand is good these days. The country’s Financial Stability Report November 2015 has just been released and the overall picture is positive.

The US Dollar Index edged higher today as it appears the divergence between the Federal Reserve Bank and its major peers will shortly widen.

Asian markets slipped to one-month lows Tuesday following a wider global sell-off in offshore markets as an increased prospect of higher U.S. interest rates sent bonds lower.

Arabcom Group is this year’s organizer of the 15th annual MENA Forex & Investment Mena Expo which will be held on the 26th and 27th of November 2015 at Westin Mina Seyahi Hotel, Dubai-UAE, where it is expected to welcome more than 1,500 visitors.

The Organisation for Economic Cooperation and Developed earlier warned investors that China’s economy was on the verge of further slowing.

The dollar remained at a 7-month high on Monday after Friday's non-farm payroll report showed the creation of 271,000 jobs in October, the largest gain since December 2014.

This week is certainly going to be quieter in terms of scheduled news, although the market may continue to move quite strongly. Get the economic and political calendar for the popular currencies for the week of November 9, 2015 here.