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 06-10-2014: Job Hopes Underpin Dollar

The Euro came under fresh selling pressure on Tuesday with the dollar taking advantage in Europe, although struggling to make much headway elsewhere. Japan’s Nikkei index dipped lower during the day which curbed yen selling while there was a weak … Continue reading

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FX Market Summary 06-06-2014: Dollar Resilient After Payrolls

Following the sharp EUR/USD rebound from 1.3500 lows on Thursday to a peak above 1.3650, there was inevitably unease over selling the Euro aggressively in Europe on Friday with markets wary over the risk of a further short squeeze. There … Continue reading

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FX Market Summary 06-05-2014: ECB Uncharted Territory

After a sharp sell-off in early US trading on Thursday, the Euro proved resilient as selling momentum faded. Some early European data releases caused a flurry of excitement with stronger than expected readings for German factory orders and the UK … Continue reading

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FX Market Summary 06-04-2014: Nervous Trading Prevails

Choppy trading was the main market feature on Wednesday with markets nervous ahead of Thursday’s ECB decision with dollar buying on dips. The Australian dollar spiked higher following a stronger than expected GDP release at 1.1%, but AUD/USD hit tough … Continue reading

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FX Market Summary 06-03-2014: Technical Levels Hold Firm

The dollar held firm during the past 24 hours and found support at key technical levels without being able to break any major resistance. Australian data did not have a major impact overnight Tuesday with a slight miss on retail … Continue reading

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FX Market Summary 06-02-2014: Dollar Stalls After ISM Release

The dollar strengthened in Europe on Monday before being shackled by a disappointing US manufacturing reading ahead of key risk events this week. Overnight, there was a stronger than expected reading for the latest Chinese manufacturing PMI release and risk … Continue reading

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FX Market Summary 05-30-2014: Positioning Dominates Price Action

Markets were unable to break significant resistance levels on Friday, although positioning considerations did trigger significant volatility in choppy conditions. There was a sharp increase in the Japanese core national inflation rate to 3.2% for April from 1.3% as the … Continue reading

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FX Market Summary 05-29-2014: Dollar Stalls At Resistance

The dollar was unable to make further headway on Thursday as consolidation dominated. The latest Japanese retail sales data was weaker than expected with a 4.4% annual decline as the sales tax increase took effect. The latest capital-account data registered … Continue reading

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FX Market Summary 05-28-2014: Euro Subjected To Fresh Selling

The Chinese yuan retreated to fresh 18-month lows on Wednesday which tended to weaken the yen on valuation grounds, but also curbed risk appetite which limited any selling pressure and USD/JPY was blocked in the 102.00 region. Euro-zone data releases … Continue reading

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FX Market Summary 05-27-2014: Dollar Grinds Higher

The dollar was able to make some headway on Tuesday, underpinned by solid data releases and some underlying selling in European currencies. Japanese and regional equity markets held a robust tone on Tuesday with the Nikkei index at a seven-week … Continue reading

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