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 02-11-2014: Dollar Struggles On Yellen’s Debut

The Australian dollar moved higher in Asian trading on Tuesday, bolstered to some extent by stronger than expected data with a larger than expected increase in housing finance. AUD/USD pushed sharply higher with shorts again forced to cover positions and … Continue reading

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FX Market Summary 02-10-2014: Consolidation Dominates Action

The latest Japanese current account data registered a record deficit for December, maintaining longer-term expectations of yen weakness and there was some fresh speculation that the Bank of Japan would be forced to sanction additional policy easing later this year. … Continue reading

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FX Market Summary 02-07-2014: Another Payrolls Disappointment

Following sharp Euro gains on Thursday, markets in general were looking for a phase of consolidation ahead of Friday’s pivotal US payrolls report. Relative calm was jolted early in the European session by an announcement from the German Constitutional Court … Continue reading

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FX Market Summary 02-06-2014: Draghi Confounds Dovish Expectations

The Australian dollar rallied during the Asian session on Thursday, bolstered by a return to trade surplus and a solid reading for retail sales. AUD/USD rallied again with a peak close to 0.8980 as shorts continued to cover positions. Narrow … Continue reading

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FX Market Summary 02-05-2014: Dollar Recovers From ADP Dip

The dollar was unable to make any headway during the Asian session on Wednesday with USD/JPY capped well below the 102 level.  Although there was some stabilisation in emerging-market sentiment and a tentative rally in stocks, there was little conviction … Continue reading

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FX Market Summary 02-04-2014: Aussie Rallies Strongly

The Australian Reserve Bank interest-rate decision was the principal set-piece event  in Asia on Tuesday and there was no surprise in the outcome with benchmark rates left on hold at 2.50%. The bank’s statement expressed satisfaction with recent currency trends and … Continue reading

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FX Market Summary 02-03-2014: Sterling Under Pressure

There was a Nikkei index decline on Monday and a weaker reading for China’s PMI services-sector index which tended to subdue risk appetite during the Tokyo session. This prevented the dollar sustaining any upward progress against the Japanese currency with … Continue reading

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FX Market Summary 01-31-2014: Euro Hits Monthly Lows

The Nikkei index retreated on Friday and there was further caution surrounding emerging markets which curbed any fresh yen selling pressure. USD/JPY was unable to break above the 103 level and drifted back to the 102.50 area during the Asian … Continue reading

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FX Market Summary 01-30-2014: Deflation Fears Undermine Euro

There were no surprises from the latest US Federal Reserve decision as a further US$10bn tapering of bond purchases was announced to US$65bn per month. The statement continued to express cautious optimism surrounding the economic outlook, especially with fiscal drag … Continue reading

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FX Market Summary 01-29-2014: Waiting For The Fed

Overnight, the Turkish central bank delivered a powerful increase in its key increase rate to 12% from 7.75% which helped ease emerging-market tensions, at least in the very short term, and also curbed defensive demand for the yen as Asian … Continue reading

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