Author Archives: forexadmin

FX Market Summary 06-11-2014: Euro Struggling To Recover

The Euro was unable to make a significant recovery on Wednesday as underlying yeld pressures remained a negative influence. Expectations that the Bank of Japan will hold policy steady this week with the potential for an upgrading of the economic assessment helped … Continue reading

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FX Market Summary 06-10-2014: Job Hopes Underpin Dollar

The Euro came under fresh selling pressure on Tuesday with the dollar taking advantage in Europe, although struggling to make much headway elsewhere. Japan’s Nikkei index dipped lower during the day which curbed yen selling while there was a weak … Continue reading

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FX Market Summary 06-09-2014: Carry Trades Undermine Euro

Trading conditions were more lively than usual on the Monday following a US employment release with the dollar gaining fresh overall support. There were some potentially significant data releases during the Asian session on Monday, although the overall impact was … Continue reading

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FX Market Summary 06-06-2014: Dollar Resilient After Payrolls

Following the sharp EUR/USD rebound from 1.3500 lows on Thursday to a peak above 1.3650, there was inevitably unease over selling the Euro aggressively in Europe on Friday with markets wary over the risk of a further short squeeze. There … Continue reading

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FX Market Summary 06-05-2014: ECB Uncharted Territory

After a sharp sell-off in early US trading on Thursday, the Euro proved resilient as selling momentum faded. Some early European data releases caused a flurry of excitement with stronger than expected readings for German factory orders and the UK … Continue reading

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FX Market Summary 06-04-2014: Nervous Trading Prevails

Choppy trading was the main market feature on Wednesday with markets nervous ahead of Thursday’s ECB decision with dollar buying on dips. The Australian dollar spiked higher following a stronger than expected GDP release at 1.1%, but AUD/USD hit tough … Continue reading

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FX Market Summary 06-03-2014: Technical Levels Hold Firm

The dollar held firm during the past 24 hours and found support at key technical levels without being able to break any major resistance. Australian data did not have a major impact overnight Tuesday with a slight miss on retail … Continue reading

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FX Market Summary 06-02-2014: Dollar Stalls After ISM Release

The dollar strengthened in Europe on Monday before being shackled by a disappointing US manufacturing reading ahead of key risk events this week. Overnight, there was a stronger than expected reading for the latest Chinese manufacturing PMI release and risk … Continue reading

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FX Market Summary 05-30-2014: Positioning Dominates Price Action

Markets were unable to break significant resistance levels on Friday, although positioning considerations did trigger significant volatility in choppy conditions. There was a sharp increase in the Japanese core national inflation rate to 3.2% for April from 1.3% as the … Continue reading

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FX Market Summary 05-29-2014: Dollar Stalls At Resistance

The dollar was unable to make further headway on Thursday as consolidation dominated. The latest Japanese retail sales data was weaker than expected with a 4.4% annual decline as the sales tax increase took effect. The latest capital-account data registered … Continue reading

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