Author Archives: forexadmin

FX Market Summary 04-01-2014: Dollar Stays On The Defensive

USD/JPY gradually pushed higher on Tuesday in response to more favourable risk conditions and fresh concerns surrounding Japan with a challenge on resistance above 103.20. The latest Tankan index was weaker than expected with a marginal increase to 17 for … Continue reading

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FX Market Summary 03-31-2014: Positioning Protects Euro

Risk conditions were generally firmer during Monday with immediate political and economic concerns easing to some extent. Although talks between Russia and the US over Ukraine failed to reach any substantive agreement, there was relief that dialogue was continuing with … Continue reading

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FX Market Summary 03-28-2014: Euro Support At Lower levels

There was a generally lacklustre Tokyo session on Friday. A slightly higher reading for Japanese consumer inflation was recorded and the unemployment data was better than expected at 3.6%. In contrast, there was a much weaker than expected release for … Continue reading

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FX Market Summary 03-26-2014: Sterling In Demand

Commodity currencies had a firmer tone during Tuesday and maintained this advantage on Wednesday as AUD/USD moved to highs above 0.9230, the highest level for over four months. USD/CAD also retreated sharply to lows near 1.1120 before finding support. The … Continue reading

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FX Market Summary 03-25-2014: ECB Talks Down The Euro

The dollar came under heavy selling pressure during the late New York session on Monday with suggestions that a large order caught out a market when liquidity was weak. EUR/USD surged to highs around 1.3875 with no new fundamental information … Continue reading

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FX Market Summary 03-24-2014: Mixed Euro Data Undermines Rally

The yen gained initial support on Monday from a weaker than expected Chinese PMI index which fell to an eight-month low of 48.1, but failed to sustain the gains and the dollar gradually rallied later in the Asian session on … Continue reading

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FX Market Summary 03-21-2014: Consolidation Dominates Price Action

Consolidation was the dominant influence on Friday with narrow ranges encouraged during the Asian session by a market holiday in Tokyo. There was  a rally in Chinese equities on some speculation over a looser monetary policy which helped underpin risk … Continue reading

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FX Market Summary 03-20-2014: Dollar Extends Fed Gains

Modest expectations surrounding the Fed impact was confounded by aggressive price action following Wednesday’s policy statement and again during Yellen’s press conference. There were no surprises surrounding the actual decision as the Fed announced a further US$10bn tapering of bond purchases … Continue reading

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FX Market Summary 03-19-2014: Waiting For Yellen

There was a wider than expected Japanese trade deficit for February with a seasonally-adjusted deficit of JPY1.13trn as exports rose 9.8% over the year. There will be further pressure to maintain currency competitiveness and support exports, but the weaker yen … Continue reading

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FX Market Summary 03-18-2014: Sterling Drags Euro Lower

Despite further unease surrounding the Chinese property sector and default risk, risk conditions were broadly stable during the Asian session on Tuesday with the dollar still struggling to make significant headway. AUD/USD also held firm as it attacked the 0.9100 … Continue reading

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