Author Archives: forexadmin

FX Market Summary 04-15-2014: Dollar Hits Resistance

The dollar has maintained a solid tone over the past 24 hours without making any strong progress. There were no major surprises in the Australian Reserve Bank minutes with policy on hold. There was a much weaker than expected figure … Continue reading

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FX Market Summary 04-14-2014: ECB Campaign Intensifies

Over the weekend, there was an important key-note speech from ECB President Draghi which also had a substantive market impact. He stated that the Euro was an increasing focus for the central bank with the strengthening of the currency requiring … Continue reading

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FX Market Summary 04-11-2014: Marginal Dollar Relief Only

Equity markets remained a significant focus on Friday following the sharp 3% Nasdaq decline seen Thursday. The Nikkei index retreated to six-month lows which maintained underlying reservations over yen selling as bearish media speculation surrounding stocks flared once again. USD/JPY … Continue reading

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FX Market Summary 04-10-2014: Dollar Undermined By Lower Yields

The dollar has remained firmly on the defensive over the past 24 hours after being undermined by Wednesday’s more dovish than expected Fed minutes. Within the minutes there were concerns that inflation would stay at levels too low to be … Continue reading

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FX Market Summary 04-09-2014: Dollar Stays Under Pressure

There were mixed trends in Asian trading Wednesday with regional equity markets firm on generally improved confidence surrounding emerging markets while the Nikkei index was weaker. Gains for regional stocks curbed defensive demand for the yen and, in this context, … Continue reading

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FX Market Summary 04-08-2014: Dollar Under Pressure

The Bank of Japan held policy steady at the latest meeting which was in line with expectations and Bank chief Kuroda was more optimistic surrounding the outlook which tended to dampen expectations of further easing at the late-April meeting which … Continue reading

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FX Market Summary 04-07-2014: Euro Bounces From Support

USD/JPY found support close to the 103 level on Monday without being able to make any significant headway following the sharp losses on Friday. There was solid underlying dollar support on yield grounds while a firmer risk tone cubed any … Continue reading

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FX Market Summary 04-04-2014: US Payrolls Data Priced In

There was still solid US dollar buying support at lower levels in Asian trading on Friday given favourable yield spreads over the yen. The Bank of Japan will hold its latest policy meeting next week amid expectations that policy will … Continue reading

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FX Market Summary 04-03-2014: Draghi Pushes Euro Lower

Trading conditions in early Europe on Thursday were inevitably lacklustre as players waited for the crucial ECB council decision. Risk appetite held generally firm with the yen still generally on the defensive, although with a reluctance to push the yen … Continue reading

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FX Market Summary 04-02-2014: Caution Prevails As Euro Nudges Lower

The Euro edged slightly lower on Wednesday with caution a key element ahead of substantial event risk over the next two days. Risk appetite was generally firm during Asian trading which curbed defensive demand for the Japanese currency, especially with … Continue reading

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