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 05-12-2014: Yen Moves Weaker

Markets struggled for momentum during Monday with consolidation the general theme after sharp Euro losses at the end of last week with the Japanese yen tending to lose ground on domestic and international grounds. The latest seasonally-adjusted Japanese current account … Continue reading

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FX Market Outlook 05-09-2014: Euro Selling Continues

Trading for much of Friday was dominated by aftershocks following Draghi’s ECB press conference on Thursday with the Euro subjected to fresh selling pressure. As far as Asian trading was concerned, the Chinese inflation data was weaker than expected with … Continue reading

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FX Market Summary 05-08-2014: Draghi Comments Unsettle Euro

The Australian dollar was a significant mover during the Asian session on Thursday with a strong rally from support levels. Domestically, there was a stronger than expected labour-market report with employment increasing by over 14,000 for the month as the … Continue reading

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FX Market Summary 05-07-2014: Consolidation Ahead Of ECB Decision

Tokyo markets re-opened on Wednesday following the two-day break with the Nikkei index retreating to a 3-week low which tended to hamper risk appetite. There was also a further downturn in the China HSBC services PMI index which maintained concerns … Continue reading

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FX Market Summary 05-06-2014: Dollar Under Pressure

The dollar was unable to make any headway during the Asian session on Tuesday and maintained a vulnerable tone with Tokyo markets again closed for a holiday. As expected, the Reserve Bank of Australia left interest rates on hold at … Continue reading

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FX Market Summary 05-05-2014: Dollar Struggling For Traction

Markets struggled for direction on Monday with narrow ranges prevailing. Trading following the monthly US payrolls report is often lacklustre which certainly proved to be the case this time and there were additional factors to depress volatility with both Tokyo … Continue reading

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FX Market Summary 05-02-2014: Dollar Payroll Gains Reversed

Ultimately, it was another disappointing day for the dollar on Friday despite a brief payrolls boost. Narrow ranges persisted ahead of the US open with traders unwilling to take aggressive positions ahead of the payrolls release. The Japanese unemployment data … Continue reading

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FX Market Summary 05-01-2014: Long-Term Resistance Levels In Focus

After being subjected to significant selling pressure during Wednesday, the dollar did manage to stabilise following the Federal Reserve statement which was broadly in line with expectations, but it was unable to make any significant headway. A further US$10bn tapering … Continue reading

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FX Market Summary 04-30-2014: Euro Demand On Dips

The Bank of Japan confirmed that policy was unchanged in its statement on Wednesday with the existing quantitative easing staying in place, but there was a marginally more hawkish tone from chief Kuroda which protected the yen from further selling. … Continue reading

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FX Market Summary 04-29-2014: Sterling Resilient After GDP Data

With Tokyo closed on Tuesday, attention was focussed on the start of a busy European session. There were expectations of a robust figure for the latest UK GDP Q1 preliminary release, the consensus at 0.9% growth in the quarter after a … Continue reading

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