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 03-26-2014: Sterling In Demand

Commodity currencies had a firmer tone during Tuesday and maintained this advantage on Wednesday as AUD/USD moved to highs above 0.9230, the highest level for over four months. USD/CAD also retreated sharply to lows near 1.1120 before finding support. The … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-25-2014: ECB Talks Down The Euro

The dollar came under heavy selling pressure during the late New York session on Monday with suggestions that a large order caught out a market when liquidity was weak. EUR/USD surged to highs around 1.3875 with no new fundamental information … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-24-2014: Mixed Euro Data Undermines Rally

The yen gained initial support on Monday from a weaker than expected Chinese PMI index which fell to an eight-month low of 48.1, but failed to sustain the gains and the dollar gradually rallied later in the Asian session on … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-21-2014: Consolidation Dominates Price Action

Consolidation was the dominant influence on Friday with narrow ranges encouraged during the Asian session by a market holiday in Tokyo. There was  a rally in Chinese equities on some speculation over a looser monetary policy which helped underpin risk … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-20-2014: Dollar Extends Fed Gains

Modest expectations surrounding the Fed impact was confounded by aggressive price action following Wednesday’s policy statement and again during Yellen’s press conference. There were no surprises surrounding the actual decision as the Fed announced a further US$10bn tapering of bond purchases … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-19-2014: Waiting For Yellen

There was a wider than expected Japanese trade deficit for February with a seasonally-adjusted deficit of JPY1.13trn as exports rose 9.8% over the year. There will be further pressure to maintain currency competitiveness and support exports, but the weaker yen … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-18-2014: Sterling Drags Euro Lower

Despite further unease surrounding the Chinese property sector and default risk, risk conditions were broadly stable during the Asian session on Tuesday with the dollar still struggling to make significant headway. AUD/USD also held firm as it attacked the 0.9100 … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-17-2014: Dollar Support Elusive Again

There was still an important element of caution on Monday as Ukraine uncertainties continued to deter aggressive positions. There was some relief that there had been no immediate surge in tensions following Crimea’s vote to leave Ukraine and join the … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-14-2014: Euro Demonstrates Its Resilience

EUR/USD was subjected to selling pressure late on Thursday following ECB President Draghi’s comments which were more forceful than recent testimony. In particular, he stated that the bank was ready to combat deflation and watching the Euro very closely with the … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 03-13-2014: Euro Breaks Key Resistance

Antipodean currencies were the main focus overnight as NZD/USD rose sharply following an expected rate hike from the Reserve Bank of New Zealand. The latest Australian labour-force data was also stronger than expected with an employment increase of over 47,000 … Continue reading

Posted in Forex | Leave a comment