Author Archives: forexadmin

FX Market Summary 07-22-2014: Euro Hits 2014 Lows

The dollar maintained a strong tone against the Euro on Tuesday as it hit 2014 highs while the performance elsewhere was less convincing. Unusually, Reserve Bank of Australia Governor Stevens did not trigger a major Australian dollar reaction in his … Continue reading

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FX Market Summary 07-21-2014: Euro Holds Support

Short covering was initially the dominant influence on Monday as EUR/USD rallied to highs near 1.3550 with the Euro gaining support from the ability to regain the 1.3500 level on Friday after briefly hitting five-month lows. The latest CFTC positioning … Continue reading

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FX Market Summary 07-18-2014: Risk And Technicals Dominate

Risk aversion surged in US trading Thursday on reports that a Malaysia aircraft had been shot down over the Ukraine. USD/JPY spiked below 101.25 and dipped to lows under 101.10 after geo-political concerns were stoked further by an announced land … Continue reading

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FX Market Summary 07-17-2014: Philly Fed Boosts Dollar

The dollar held a firm tone on Thursday, especially after the Philadelphia Fed release, without being able to make a decisive break high. The latest Japanese capital account data recorded outflows into overseas bonds of JPY672bn in the latest week, maintaining … Continue reading

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FX Market Summary 07-16-2014: Dollar And Sterling Hold Firm

The dollar maintained a firm tone on Wednesday as markets assessed global monetary-policy trends with Sterling also broadly resilient. Chinese GDP and industrial production data was marginally above market expectations at 7.5% and 9.2% respectively which helped underpin risk appetite. … Continue reading

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FX Market Summary 07-15-2014: Dollar Gains After Mixed Yellen

Volatility finally increased on Tuesday as fundamentals had a greater market influence with Sterling the stand-out performer as the dollar also gained ground after Yellen’s testimony. As expected, the Bank of Japan held policy steady at the latest policy meeting. … Continue reading

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FX Market Summary 07-14-2014: Sterling Hit By Profit-Taking

Given major events later this week and the inability to break narrow ranges last week, there were few expectations of high volatility during Monday’s trading, but Sterling did move lower under the weight of profit-taking. Japanese yields remain very unattractive … Continue reading

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FX Market Summary 07-11-2014: Range Break Again Elusive

Major currency pairs struggled for direction on Friday amid expectations that the Summer doldrums were liable to become a permanent feature for EUR/USD. After a nervous session the previous day, equity and bond markets had a calmer fell during the … Continue reading

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FX Market Summary 07-10-2014: Yen Thrives As Risk Dominates

Wednesday’s Fed minutes were broadly in line with expectations as the FOMC remained more optimistic surrounding the economic outlook. There were expectations that the bond-purchases programme would end at the October meeting with a final US$15bn cut, but there were … Continue reading

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FX Market Summary 07-09-2014: Waiting For Key Events

Markets were confined to narrow ranges on Wednesday, waiting for the latest Fed minutes and a key-note speech by ECB president Draghi later in the day for further evidence on likely monetary policy trends. Dovish comments from Minneapolis Fed President … Continue reading

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