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 10-29-2013: Dollar rally attempt stalls

There were important currency moves during the Asian session on Tuesday with volatility higher than in recent sessions. Australian Reserve Bank Governor Stevens was again unusually blunt in his assessment of the Australian currency with comments that the Australian dollar was … Continue reading

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FX Market Summary 10-28-2013: Euro drifts in lacklustre conditions

Bank of Japan member Iwata reiterated the bank’s commitment to an expansionary monetary policy on Monday which reinforced negative longer-term sentiment towards the yen. USD/JPY moved above 97.70 at the Asian open, but failed to generate any additional traction. With … Continue reading

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FX Market Summary 10-25-2013: Dollar limps into the weekend

EUR/USD initially held steady during the Asian session on Friday before pushing higher once again with a move to fresh 2013 highs just above 1.3830 as the dollar remained generally vulnerable. The German IFO business confidence index was slightly weaker … Continue reading

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FX Market Summary 10-24-2013: Euro hits fresh highs

The Euro held firm during the Asian session on Thursday and then pushed sharply higher at the European open as technical factors continued to have an important impact. Short-term players managed to push the pair to fresh 2013 highs above … Continue reading

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FX Market Summary 10-23-2013: Dollar remains out of favour

After initially holding steady against the yen on Wednesday, the dollar dipped sharply with lows around 97.25. The Japanese currency gained some support from concerns surrounding losses within the Chinese banking sector and bank-default rumours as risk appetite suddenly evaporated.

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FX Market Summary 10-22-2013: EUR/USD hits 2013 highs

Trading conditions were inevitably extremely subdued during the European session on Tuesday ahead of the delayed US payroll data due soon after the US open. EUR/USD was confined to very narrow ranges of less than 20 pips around 1.3670 with … Continue reading

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FX Market Summary 10-21-2013: No traction for the dollar

As has been the case for much of the past week, both the dollar and yen battled for the honour of weakest currency during Monday as they remained firmly out of favour in currency markets. The yen was unsettled by … Continue reading

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FX Market Summary 10-18-2013: Dollar stays under pressure

Markets were generally devoid of major fresh incentives during the Asian session on Friday. The Chinese third-quarter GDP data was in line with expectations at 7.8% from 7.5% previously which provided some boost to risk appetite and also underpinned the … Continue reading

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FX Market Summary 10-17-2013: Dollar subjected to heavy selling

A US budget deal was passed in the Senate and the House late on Wednesday and, with President Obama signing immediately, the shutdown has ended and the debt ceiling lifted. The government will be funded until January 15th and the … Continue reading

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FX Market Summary 10-16-2013: Fresh hope underpins the dollar

Markets have spent another 24 hours monitoring and reacting to the ebb and flow of US political developments with continuing uncertainty and confusion. The dollar dipped lower again in New York on Tuesday as congressional talks broke down and Fitch … Continue reading

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