Forex Blog Category Posts

The Forex section of the blog includes general information about the foreign exchange market, such as news related to Forex or blog posts that affect the FX market.

FX Market Summary 08-05-2014: Dollar Finds Fresh Support

The Euro was unable to sustain a recovery attempt on Tuesday and came under fresh selling pressure as the dollar gained renewed support after stronger than expected data. The Australian Reserve Bank interest rate decision was one of the least … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 08-04-2014: Dollar Unable To Regain Momentum

Monday’s trading maintained the familiar pattern seen after a Friday payroll release with generally lacklustre conditions and narrow ranges, amplified by the normal dip in trading volumes during August. The dollar overall was still hampered by profit taking and corrective … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 08-01-2014: Dollar Hit By Profit Taking

Friday’s economic data was not strong enough to trigger further dollar buying with the currency subjected to profit taking after a strong week. Equity markets generally remained on the defensive following sharp Wall Street losses overnight and risk conditions overall … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 07-31-2014: Dollar Remains In Charge

The dollar held a firm tone on Thursday without being able extend gains from an over-bought position. There was no surprise with the Fed policy decision late on Wednesday with a further US$10bn tapering of bond purchases to US$25bn per … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 07-30-2014: Dollar Continues To Advance

The dollar advanced further during Wednesday as stronger US data boosted market sentiment for the second day running. There was more bad fundamental data from Japan overnight with the 3.3% industrial production decline much weaker than expected and the fifth … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 07-29-2014: Confidence Boost For The Dollar

Underlying dollar optimism remained intact Tuesday and the currency looked to push significantly higher across a wide range of pairs. In Asia, the Japanese retail sales data was weaker than expected with a 0.6% decline in the year to June … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 07-28-2014: Dollar Bulls Face Anxious Wait

The dollar was unable to extend gains on Monday with markets in a wait-and-see mode ahead of key economic and risk events later this week. The Nikkei index held firm with a move to six-month highs which tended to curb … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 07-25-2014: Euro Stumbles Into The Weekend

The dollar overall held a firm tone on Friday without being able to make a decisive break through major technical levels while the Euro was on the defensive. A further improvement in German consumer confidence did not have a significant impact, … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 07-24-2014: Dollar’s Rivals Stumble

There has been no shortage of macro events and market reaction over the past 24 hours with the dollar maintaining a firm tone as several rival currencies hit trouble. Centre-stage during the Asian session was the Reserve Bank of New … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 07-23-2014: Profit Taking Hits Sterling

The dollar held a solid tone on Wednesday without being able to build on gains seen over the previous 24 hours while the Euro attempted a weak recovery from multi-month lows and Sterling corrected lower. The latest Australian consumer inflation … Continue reading

Posted in Forex | Leave a comment