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 06-07-2013: Payroll relief triggers dollar recovery

Movements in the yen dominated the Asian and European sessions on Friday.  After suffering its biggest one-day fall for over two years on Thursday, the dollar remained generally on the defensive despite a brief rally to above 97 against the … Continue reading

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FX Market Summary 06-06-2013: ECB resists further action

The US currency remained firmly on the defensive during Thursday with a general lack of confidence surrounding Friday’s key employment report curbing underlying buying support and laying the foundation for another squeeze on long dollar positions. In Bank of England … Continue reading

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FX Market Summary 06-05-2013: Employment concerns stifle dollar

Markets in Asia on Wednesday were confronted with the familiar situation of a sharp decline in the Nikkei index. After initial gains, there was a decline of close to 4% in the benchmark index to lows just above 13,000. There … Continue reading

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FX Market Summary 06-04-2013: Consolidation the dominant theme

Following very sharp moves during US trading on Monday, consolidation was the general theme on Tuesday, especially with caution in evidence ahead of key events later this week with the US payroll report on Friday. There were no surprises from … Continue reading

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FX Market Summary 06-03-2013: USD/JPY slides below 100

With key data releases, central bank meetings and a slump in emerging-market currencies last week, markets were braced for volatile conditions at the start of June. The Euro initially maintained a solid tone on Monday, pushing above the 1.30 level, … Continue reading

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FX Market Summary 05-31-2013: EUR/USD can’t hold 1.30

Trading conditions were inevitably tentative on Friday due to wariness over month-end position adjustment and the main feature was a recovery in the dollar from early lows. The Euro-zone data releases did not have a major market impact, but did … Continue reading

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FX Market Summary 05-30-2013: Disappointing data undermines dollar

The European session on Thursday was marked by erratic trading and high volatility even though there were no major economic data releases. The Nikkei index was again a notable feature with a fresh decline of over 5% on the day, … Continue reading

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FX Market Summary 05-29-2013: Short covering boosts Euro

The Euro was able to resist further selling pressure on Wednesday despite weak economic data. The German labour-market data was weaker than expected with a 21,000 increase in unemployment for May. This was the third successive monthly increase and the … Continue reading

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FX Market Summary 05-28-2013: Confidence triggers fresh dollar advance

Market activity was extremely limited on Monday with market holidays in the UK and US paralysing activity and keeping ranges extremely tight with EUR/USD trapped comfortably within a 1.2900-1.2950 range. There was fresh volatility in Asian trading on Tuesday as … Continue reading

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FX Market Summary 05-24-2013: Euro fails to hold IFO gains

Although not on the scale seen on Thursday, the yen was subjected to renewed volatility during Friday as the dollar dipped sharply to lows near 101.0 from a peak above 102.50. The moves helped maintain an elevated mood of uncertainty … Continue reading

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