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 02-25-2014: Volatility Spikes Again

There was further weakness in the Chinese yuan on Tuesday with the spot rate moving lower than the official mid-rate for the first time in close to 18 months which maintained a cautious attitude towards both the Chinese economy and … Continue reading

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FX Market Summary 02-24-2014: Euro Fails At Resistance

The latest CFTC positioning data recorded a decline in dollar longs to the lowest level for over three months which provided some degree of protection for the US currency on Monday, especially as there was also a return to net … Continue reading

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FX Market Summary 21-02-2014: Sterling Resilient Again

The headline UK retail sales data was weaker than expected with a 1.5% decline for January compared with a 0.9% expected fall, but this followed the extremely strong reading for December and a substantial reversal was inevitable for the month. … Continue reading

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FX Market Summary 02-20-2014: French Concerns Undermine Euro

Minutes from January’s Federal Reserve policy meeting indicated that several Fed officials were looking to drive home the idea that further tapering of bond purchases would take place in a predictable manner over the rest of 2014. Some members did … Continue reading

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FX Market Summary 02-19-2014: Unemployment Rise Hampers Sterling

After pushing higher during the New York session on Tuesday, EUR/USD maintained a generally firm tone in Asia on Wednesday with only a very limited correction lower. The Nikkei equity index drifted lower on the session and there was a … Continue reading

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FX Market Summary 02-18-2014: Dollar Back Under Pressure

The dollar has again struggled over the past 24 hours, unable to secure any sustained respite. As expected, the Bank of Japan held the amount of quantitative easing steady at the latest policy meeting on Tuesday. The bank did, however, … Continue reading

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FX Market Summary 02-17-2014: Dollar Trapped in Narrow Ranges

The latest Japanese GDP data was weaker than expected with a 0.3% fourth-quarter increase compared with a 0.7% forecast. The subdued data will increase pressure for further monetary action by the Bank of Japan and there were reports that the … Continue reading

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FX Market Summary 02-14-2014: No Love For The Dollar

The dollar was unable to gain any traction in Asian trading on Friday with the familiar pattern of weakness followed by very limited correction and then fresh selling pressure. The Nikkei index was also weak during Friday’s Tokyo session which … Continue reading

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FX Market Summary 02-13-2014: Dollar Stays On The Defensive

The Australian dollar rollercoaster continued on Thursday, this time with the focus on the downside. There was AUD/USD resistance above the 0.9050 level and the latest labour-market data was weaker than expected with an employment decline of 3,700 for January … Continue reading

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FX Market Summary 02-12-2014: Sterling Moves Sharply Higher

A stronger than expected set of Chinese trade data helped underpin risk appetite which curbed yen demand and the dollar consolidated just below the 102.50 level in Asia on Wednesday as offers continuing to block any further progress. There was … Continue reading

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