Author Archives: forexadmin

FX Market Summary 04-30-2014: Euro Demand On Dips

The Bank of Japan confirmed that policy was unchanged in its statement on Wednesday with the existing quantitative easing staying in place, but there was a marginally more hawkish tone from chief Kuroda which protected the yen from further selling. … Continue reading

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FX Market Summary 04-29-2014: Sterling Resilient After GDP Data

With Tokyo closed on Tuesday, attention was focussed on the start of a busy European session. There were expectations of a robust figure for the latest UK GDP Q1 preliminary release, the consensus at 0.9% growth in the quarter after a … Continue reading

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FX Market Summary 04-28-2014: M&A Boost For Sterling

The latest CFTC positioning data recorded a further small increase in the net short dollar position which should offer some protection against further aggressive US currency selling, especially with continuing net long Euro position. Narrow ranges initially persisted in Asia … Continue reading

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FX Market Summary 04-25-2014: Ukraine Tensions Underpin Yen

Japanese inflation data was the main focus in Asia on Friday, especially with the Tokyo data seeing the impact of April’s sales-tax hike. The annual core inflation rate moved to 2.7% from 1.0% previously, solely due to the tax impact. … Continue reading

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FX Market Summary 04-24-2014: Draghi Keeps Euro Pegged Back

Market conditions have remained subdued and EUR/USD volatility dipped to the lowest level since 2007 as traders were unable to break the recent deadlock. The latest German IFO data was stronger than expected with the overall conditions index strengthening to … Continue reading

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FX Market Summary 04-23-2014: Inflation Data Batters Aussie

Australian dollar volatility was the main feature in Asia on Wednesday. The latest inflation data was weaker than expected with consumer prices increasing 0.6% for the first quarter from 0.8% in the previous three-month period while core prices rose 0.5% … Continue reading

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FX Market Summary 04-22-2014: Breakout Attempts Flounder

Markets struggled to gain any momentum on Tuesday, unable to make the jump from low trading volumes seen during the Easter period. The dominance of narrow trading ranges also continued to sap trader confidence in attempting more aggressive strategies with … Continue reading

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FX Market Summary 04-21-2014: Trade Data Punishes Yen

The latest Japanese trade data was substantially weaker than expected with a record deficit for fiscal 2013/14 as a modest expansion in exports was dwarfed by a continued surge in imports. The data reinforced a lack of confidence in medium-term … Continue reading

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FX Market Summary 04-17-2014: Solid Data Protects Dollar

Despite some optimism surrounding the outlook, Fed Chair Yellen remained uneasy over labour-market developments with comments on Wednesday that the pace of recovery remained exceptionally slow despite being generally.  Although the remarks suggested that the tapering programme would continue for … Continue reading

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FX Market Summary 04-16-2014: Sterling Spikes After Unemployment Fall

The latest Chinese GDP data registered the weakest rate of expansion for 18 months at 7.4% for the first quarter. There was some relief that the data was not even worse and there was no significant damage to global risk … Continue reading

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