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 04-28-2014: M&A Boost For Sterling

The latest CFTC positioning data recorded a further small increase in the net short dollar position which should offer some protection against further aggressive US currency selling, especially with continuing net long Euro position. Narrow ranges initially persisted in Asia … Continue reading

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FX Market Summary 04-25-2014: Ukraine Tensions Underpin Yen

Japanese inflation data was the main focus in Asia on Friday, especially with the Tokyo data seeing the impact of April’s sales-tax hike. The annual core inflation rate moved to 2.7% from 1.0% previously, solely due to the tax impact. … Continue reading

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FX Market Summary 04-24-2014: Draghi Keeps Euro Pegged Back

Market conditions have remained subdued and EUR/USD volatility dipped to the lowest level since 2007 as traders were unable to break the recent deadlock. The latest German IFO data was stronger than expected with the overall conditions index strengthening to … Continue reading

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FX Market Summary 04-23-2014: Inflation Data Batters Aussie

Australian dollar volatility was the main feature in Asia on Wednesday. The latest inflation data was weaker than expected with consumer prices increasing 0.6% for the first quarter from 0.8% in the previous three-month period while core prices rose 0.5% … Continue reading

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FX Market Summary 04-21-2014: Trade Data Punishes Yen

The latest Japanese trade data was substantially weaker than expected with a record deficit for fiscal 2013/14 as a modest expansion in exports was dwarfed by a continued surge in imports. The data reinforced a lack of confidence in medium-term … Continue reading

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FX Market Summary 04-17-2014: Solid Data Protects Dollar

Despite some optimism surrounding the outlook, Fed Chair Yellen remained uneasy over labour-market developments with comments on Wednesday that the pace of recovery remained exceptionally slow despite being generally.  Although the remarks suggested that the tapering programme would continue for … Continue reading

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FX Market Summary 04-16-2014: Sterling Spikes After Unemployment Fall

The latest Chinese GDP data registered the weakest rate of expansion for 18 months at 7.4% for the first quarter. There was some relief that the data was not even worse and there was no significant damage to global risk … Continue reading

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FX Market Summary 04-15-2014: Dollar Hits Resistance

The dollar has maintained a solid tone over the past 24 hours without making any strong progress. There were no major surprises in the Australian Reserve Bank minutes with policy on hold. There was a much weaker than expected figure … Continue reading

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FX Market Summary 04-14-2014: ECB Campaign Intensifies

Over the weekend, there was an important key-note speech from ECB President Draghi which also had a substantive market impact. He stated that the Euro was an increasing focus for the central bank with the strengthening of the currency requiring … Continue reading

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FX Market Summary 04-11-2014: Marginal Dollar Relief Only

Equity markets remained a significant focus on Friday following the sharp 3% Nasdaq decline seen Thursday. The Nikkei index retreated to six-month lows which maintained underlying reservations over yen selling as bearish media speculation surrounding stocks flared once again. USD/JPY … Continue reading

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