Author Archives: forexadmin

FX Market Summary 06-12-2013: Dollar tests key support levels

Volatility eased slightly during Wednesday, although uncertainty was still a key feature as markets debated the outlook for Fed policy and the global growth outlook.  These twin concerns triggered renewed instability in bond markets and also was a significant factor … Continue reading

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FX Market Summary 06-11-2013: Yen again leads market instability

Volatility spiked higher once more during Tuesday with the yen again having an important impact in triggering wider market instability. The Bank of Japan left monetary policy on hold at the latest meeting which had been expected. The central bank, … Continue reading

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FX Market Summary 06-10-2013: Yen back under pressure

The yen moved back to centre-stage on Monday with another session of high volatility led by changes in the Nikkei index.  An upward revision to Japan’s latest GDP data helped spark strong gains in the Japanese benchmark index with a … Continue reading

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FX Market Summary 06-07-2013: Payroll relief triggers dollar recovery

Movements in the yen dominated the Asian and European sessions on Friday.  After suffering its biggest one-day fall for over two years on Thursday, the dollar remained generally on the defensive despite a brief rally to above 97 against the … Continue reading

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FX Market Summary 06-06-2013: ECB resists further action

The US currency remained firmly on the defensive during Thursday with a general lack of confidence surrounding Friday’s key employment report curbing underlying buying support and laying the foundation for another squeeze on long dollar positions. In Bank of England … Continue reading

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FX Market Summary 06-05-2013: Employment concerns stifle dollar

Markets in Asia on Wednesday were confronted with the familiar situation of a sharp decline in the Nikkei index. After initial gains, there was a decline of close to 4% in the benchmark index to lows just above 13,000. There … Continue reading

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FX Market Summary 06-04-2013: Consolidation the dominant theme

Following very sharp moves during US trading on Monday, consolidation was the general theme on Tuesday, especially with caution in evidence ahead of key events later this week with the US payroll report on Friday. There were no surprises from … Continue reading

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FX Market Summary 06-03-2013: USD/JPY slides below 100

With key data releases, central bank meetings and a slump in emerging-market currencies last week, markets were braced for volatile conditions at the start of June. The Euro initially maintained a solid tone on Monday, pushing above the 1.30 level, … Continue reading

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FX Market Summary 05-31-2013: EUR/USD can’t hold 1.30

Trading conditions were inevitably tentative on Friday due to wariness over month-end position adjustment and the main feature was a recovery in the dollar from early lows. The Euro-zone data releases did not have a major market impact, but did … Continue reading

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FX Market Summary 05-30-2013: Disappointing data undermines dollar

The European session on Thursday was marked by erratic trading and high volatility even though there were no major economic data releases. The Nikkei index was again a notable feature with a fresh decline of over 5% on the day, … Continue reading

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