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 06-24-2014: Mixed Message From Carney

Markets endured a very lifeless Asian session on Tuesday with very narrow ranges dominating amid a lack of fresh incentives as Japanese reform proposals failed to create any excitement. As far as the Euro-zone economic indicators are concerned, there was … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-23-2014: Solid Data Underpins Dollar

The dollar held a solid tone against European currencies on Monday without being able to break any key technical levels. China’s HSBC PMI manufacturing index strengthened to a seven-month high of 50.8 for June from 49.4 which boosted risk appetite. … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-20-2014: Dollar Fights Back

Trading conditions were relatively lacklustre during Asian trading on Friday and there were no major data releases on either side of the Atlantic. Volatility did move higher during the day as the dollar looked to stage a recovery from Fed-induced … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-19-2014: Yellen Pushes Dollar Lower

The dollar has been under renewed pressure across all the majors during the past 24 hours as failure to meet Fed expectations triggered a shift in positioning. There were no surprises with the Fed’s actual decision as the bond-purchasing programme … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-18-2014: Sterling Profit Taking Before Fed

There was little evidence of fresh direction during the Asian session on Wednesday with USD/JPY holding above the 102.00 level after the inflation-linked boost seen on Tuesday while EUR/USD suffered paralysis near 1.3550. The seasonally-adjusted Japanese trade deficit narrowed slightly … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-17-2014: Inflation Data Boosts Dollar

The Australian dollar was the main move in overnight trading Tuesday following the latest Reserve Bank policy minutes. The overall tone was slightly more dovish than expected with the bank less confident that stimulus measures already in place would be … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-16-2014: Dollar Fails To Break Through

The latest CFTC data recorded a further increase in speculative long dollar positions to the highest level for four months which will limit the potential for further US currency buying with funds already over-extended. The Euro should also be protected … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-13-2014: Sterling Surges On Rate Talk

Overnight price action was dominated by Sterling following a much more aggressive than expected speech from Bank of England Governor Carney. He indicated that an interest rate increase might come sooner than expected by the markets with the decision whether … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-12-2014: Sales Disappointment Subdues Dollar

The New Zealand dollar pushed sharply higher overnight following a third successive Reserve Bank interest rate hike. Despite warnings that the currency was over-valued from Governor Wheeler, there was generally hawkish rhetoric which pushed NZD/USD sharply higher to a peak … Continue reading

Posted in Forex | Leave a comment

FX Market Summary 06-11-2014: Euro Struggling To Recover

The Euro was unable to make a significant recovery on Wednesday as underlying yeld pressures remained a negative influence. Expectations that the Bank of Japan will hold policy steady this week with the potential for an upgrading of the economic assessment helped … Continue reading

Posted in Forex | Leave a comment