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 03-12-2014: Risk Conditions Dominate

Risk conditions started to deteriorate during the New York session on Tuesday with renewed concerns surrounding the outlook for Chinese growth amid speculation over increased bond defaults and worsening credit crunch. USD/JPY initially retreated to the 102.80 area with a … Continue reading

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FX Market Summary 03-11-2014: Narrow Ranges Prevail

There were calmer market conditions in Asia on Tuesday as risk conditions stabilised and AUD/USD managed to find support above 0.9000 despite further vulnerability in industrial commodity prices. As expected, the Bank of Japan left policy on hold following the … Continue reading

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FX Market Summary 03-10-2014: China Fears Surface Again

Over the weekend, the latest Chinese trade data was sharply weaker than expected with a February deficit of US$23bn following a US$31.9bn January surplus, the first deficit for 11 months. Annual exports fell over 18% while imports posted gains of around … Continue reading

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FX Market Summary 03-07-2014: Limited Dollar Payroll Relief

Trading conditions were inevitably subdued ahead of Friday’s crucial US payrolls report. There were gains for the Australian dollar with an AUD/USD move above 0.91 in a continuing short squeeze as RBA head Stevens expressed doubts whether there could be … Continue reading

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FX Market Summary 03-06-2014: Euro Surge On ECB Status Quo

Ranges were very narrow ahead of the US open on Thursday with a high degree of caution ahead of key event risk surrounding the ECB policy meeting. As expected by a large majority of analysts, the ECB left interest rates … Continue reading

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FX Market Summary 03-05-2014: Data Disappointments Undermine Dollar

Risk appetite continued to stabilise in Asia on Wednesday with USD/JPY holding above 102.0. The Euro-zone PMI services-sector data was slightly stronger than expected with a final February reading of 52.6 from a flash 51.7, the only major disappointment again … Continue reading

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FX Market Summary 03-04-2014: Defensive Yen demand Fades

The general theme during Tuesday was an improvement in risk appetite which curbed demand for defensive assets. In this context, the Japanese currency was strongly correlated with geo-political stresses and yen weakness remained dependent on an easing of market tensions. … Continue reading

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FX Market Summary 03-03-2014: US Improvement As Ukraine Fears Continue

There were fresh fears surrounding risk appetite during the weekend as Ukraine concerns dominated and this provided some fresh defensive demand for the Japanese yen with gains at the Asian open. There were reports that Russian forces had control of … Continue reading

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FX Market Summary 02-28-2014: Euro Surges Higher

The Chinese yuan remained an important focus in Asian trading on Friday with a further slide to the 6.18 area against the dollar which maintained a very cautious tone towards risk appetite. In this context, USD/JPY retreated back below the … Continue reading

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FX Market Summary 02-27-2014: Euro Bounces From Lows

The Euro initially remain on the defensive on Thursday, but did prove resilient at lower levels. Euro-zone data releases were an important focus during the session and, although the latest German unemployment data was better than expected with a further … Continue reading

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