Author Archives: forexadmin

FX Market Summary 05-28-2014: Euro Subjected To Fresh Selling

The Chinese yuan retreated to fresh 18-month lows on Wednesday which tended to weaken the yen on valuation grounds, but also curbed risk appetite which limited any selling pressure and USD/JPY was blocked in the 102.00 region. Euro-zone data releases … Continue reading

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FX Market Summary 05-27-2014: Dollar Grinds Higher

The dollar was able to make some headway on Tuesday, underpinned by solid data releases and some underlying selling in European currencies. Japanese and regional equity markets held a robust tone on Tuesday with the Nikkei index at a seven-week … Continue reading

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FX Market Summary 05-26-2014: Holiday Inertia Dominates

Consolidation was always likely to be the dominant theme on Monday, especially with a notable lack of liquidity given market holidays in the UK and US. The latest CFTC positioning data recorded a further small increase in speculative dollar longs … Continue reading

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FX Market Summary 05-23-2014: Key Euro Support Under Threat

Asian equity markets held a firm tone on Friday and US bond yields remained above levels probed early in the week. This combination provided underlying dollar support and USD/JPY moved to test resistance near 102.00. The Australian dollar struggled to gain … Continue reading

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FX Market Summary 05-22-2014: Euro Clinging To Support

The Euro has remained on the defensive over the past 24 hours, woth a fragile hold on key support levels. Hopes that the US Federal Reserve could maintain an expansionary policy without risking higher inflation had a significant impact in … Continue reading

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FX Market Summary 05-21-2014: Sterling Forges Higher

Sterling was the main winner on Wednesday with the dollar also fighting back against the majors. The Bank of Japan left policy on hold following the latest policy meeting. There was a more optimistic tone surrounding capital spending which helped … Continue reading

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FX Market Summary 05-20-2014: Momentum Again Lacking

The US dollar made significant headway against commodity currencies on Tuesday while struggling to build any momentum against other major pairs. The Australian dollar lost ground during the Asian session with slightly more dovish than expected Reserve Bank policy minutes. … Continue reading

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FX Market Summary 05-19-2014: Yen Continues To Advance

Market ranges remained generally narrow on Monday with no fresh leads from a very sparse economic calendar. The latest CFTC data recorded a move back to speculative long dollar positions after several weeks with net shorts. This will make the … Continue reading

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FX Market Summary 05-16-2014: Friday Kills Any Momentum

Consolidation was the theme for much of Friday with generally narrow ranges as markets shied away from aggressive positions ahead of the weekend. The Nikkei index was weaker on Friday with a 1.4% decline, undermined by losses on Wall Street, … Continue reading

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FX Market Summary 05-15-2014: Dollar Restrained By Yields

Although the Euro remained vulnerable on Thursday, the dollar was unable to take full advantage due to an erosion of yield support. The latest Japanese GDP data was stronger than expected with an increase of 1.5% for the first quarter … Continue reading

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