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 01-28-2014: Durables Miss Unsettles Dollar

Risk conditions tended to improve during the Asian session on Tuesday with reports that a major troubled Chinese Credit trust had effectively been bailed out which would safeguard capital and avert default. AUD/USD was able to make further headway and … Continue reading

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FX Market Summary 01-27-2014: Risk Sentiment Stabilises

After very high volatility on Friday, markets attempted a slightly more composed tone on Monday, but there were still very important emerging-market stresses which were never far from the headlines. USD/JPY initially found support below the 102 level in Asia … Continue reading

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FX Market Summary 01-24-2014: Sterling Falls Sharply

Volatility was a key feature during Friday, especially during the European session ahead of the US open. The Australian dollar once again came under attack in Asia with already very fragile sentiment compounded by further jawboning from the central bank. … Continue reading

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FX Market Summary 01-23-2014: Dollar Under Pressure

Although risk conditions were generally more fragile during Thursday, the dollar failed to derive any significant benefit. There was a weaker than expected reading from the Chinese HSBC PMI index which dipped to six-month lows below 50. The data reinforced … Continue reading

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FX Market Summary 01-22-2014: Sterling Surges Again

There has been no shortage of volatility over the past 24 hours, although much of the action has been away from the pivotal EUR/USD pair. During Asian trading on Wednesday, there was a much higher than expected reading for Australian … Continue reading

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FX Market Summary 01-21-2014: Dollar Anticipates Fed Support

There has been an underlying mood of optimism surrounding the US outlook over the past 24 hours. There was an article in the Wall Street Journal from Fed watcher Hilsenrath, reinforcing the message that the Fed could announce a further … Continue reading

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FX Market Summary 01-20-2014: China Caution Protects Yen

The latest Chinese GDP data was slightly stronger than expected at 7.7% for the fourth quarter from 7.8% previously which helped avert a further near-term deterioration in risk conditions. There was still a high degree of caution surrounding the Chinese … Continue reading

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FX Market Summary 01-17-2014: Retail Surge Boosts Sterling

Asian trading was generally subdued on Friday with little in the way of major fresh trading incentives. The latest Japanese capital-account data recorded a second successive week of overseas bond selling by Japanese institutions. One of the bearish factors in expecting … Continue reading

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FX Market Summary 01-16-2014: Aussie Hits 4-year Low

The main action in Asian trading on Thursday again surrounded the Australian dollar. The latest labour-market data was much weaker than expected with a headline decline in employment of over 20,000 for December. The market was in no mood to … Continue reading

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FX Market Summary 01-15-2014: Technical Euro Correction

The dollar has regained some ground over the past 24 hours with other majors being subjected to a correction after failing to break resistance. Fundamentally, regional US Fed President Plosser stated that he would continue to back a further tapering … Continue reading

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