Author Archives: forexadmin

FX Market Summary 07-08-2014: Dollar Remains Trapped

The dollar has been unable to generate any momentum despite another encouraging jobs-market release. There was a stronger than expected reading for the Japanese current account with a seasonally-adjusted surplus of JPY0.38trn for May from JPY0.13trn previously which eased fundamental … Continue reading

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FX Market Summary 07-07-2014: Yen Stays Resilient

After lifeless trading on Friday due to the US Independence Day holiday, markets struggled to regain any serious sense of momentum on Monday with narrow ranges. The yen was resilient during the day despite adverse yield trends as GBP/JPY dipped … Continue reading

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FX Market Summary 07-04-2014: Consolidation Dominates

Consolidation was inevitably the dominate focus on Friday following the fundamentals events on Thursday with potential activity dampened even further by the US Independence Day holiday. Asian equity markets advanced to 3-year highs on Friday which tended to curb yen … Continue reading

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FX Market Summary 07-04-2014: Another Dollar Employment Boost

For the second day running, the US dollar was boosted by employment data. Action in the Asian session on Thursday was again dominated by the Australian dollar. The main data releases were slightly weaker than expected with a 0.5% retail … Continue reading

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Top-Trader July 2014 Competition

It’s no secret…active traders flock to volatility! Due to the extreme volatility in crude oil this year, black gold is high up on the list of traders’ preferred financial instruments. That is why we are having the Top Oil Trader competition … Continue reading

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FX Market Summary 07-02-2014: Dollar Receives Employment Boost

After being influenced strongly by technical factors and reported barrier interest during Tuesday, price action on Wednesday was driven much more by fundamental factors and major data releases. The Australian dollar was the first currency to be influenced significantly during … Continue reading

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FX Market Summary 07-01-2014: Dollar Finds Some Defenders

The dollar remained generally on the defensive during Tuesday, unable to recoup losses seen in the New York session on Monday with bulls frustrated yet again over the inability to make headway, but it did find defenders at lower levels. … Continue reading

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FX Market Summary 06-30-2014: Positioning Nudges Dollar lower

The dollar was unable to make any significant impression during the Asian session on Monday with the trade-weighted index continuing to drift near one-month lows. The Australian dollar initially held firm as AUD/USD looked to challenge the 0.9430 resistance area … Continue reading

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FX Market Summary 06-27-2014: Dollar Stays Adrift

Currency markets have continued to lack any energy or dynamism over the past 24 hours with the approaching weekend a further drain on what little activity remained with the dollar unable to make any headway. The latest Japanese inflation data … Continue reading

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FX Market Summary 06-26-2014: Euro Drifts Lower

Thursday’s Asian session was again devoid of significant action with marginal gains for commodity currencies as USD/CAD dipped towards 1.0700 and AUD/USD challenged resistance above 0.9400. The Euro overall drifted lower with no fundamental support on offer during the day. … Continue reading

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