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 01-14-2013: Dollar Caution Prevails

The Nikkei index retreated to a 1-month low on Tuesday which initially underpinned the yen. The latest current account data remained weak with a record deficit for November and unadjusted shortfall of JPY593bn. Consumer demand increased ahead of the sales … Continue reading

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FX Market Summary 01-13-2014: Yen Continues Recovery Path

Tokyo markets were closed on Monday which curbed liquidity and also made currency pairs more vulnerable to position adjustment. There was still a substantial net short yen position according to the latest CFTC data which will maintain the potential for … Continue reading

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FX Market Summary 01-10-2014: Dollar Slumps After Payrolls Miss

Asian trading was generally subdued on Friday with caution prevailing ahead of the key US employment data. A weaker than expected Chinese trade report did not have a major market impact with USD/JPY edging towards the 105 level. The early … Continue reading

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FX Market Summary 01-09-2014: ECB Vigilance Caps Euro

There was a broadly uneventful Asian session on Thursday with the latest Chinese inflation data not having a major currency impact. The Euro held broadly stable in Europe with EUR/USD gaining support from the ability to hold 1.3550 support on … Continue reading

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FX Market Summary 01-08-2014: Dollar Fails To Sustain Gains

Stronger equity markets were the dominant influence in Asian trading on Wednesday with Japanese stocks rising strongly and the Topix index rose to the highest level since July 2008. The correlation between Nikkei index gains and yen weakness was sustained during … Continue reading

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FX Market Summary 01-07-2014: Dollar Fights Back

Overnight, Yellen was confirmed by the Senate as the next Federal Reserve Chairman, although the vote in favour was the narrowest on record and broadly along party lines which continued to indicate polarised political views surrounding the monetary process. The … Continue reading

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FX Market Summary 01-06-2014: Disappointing Data Stymies Dollar

Trends in risk appetite tended to dominate Asian markets on Monday. There was a weaker than expected reading for the Chinese PMI services index which maintained unease surrounding the wider outlook, especially with further concerns over the financial sector as … Continue reading

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FX Market Summary 01-03-2014: Dollar Retains the Initiative

After exploding into life during Thursday, markets had a much more subdued tone on Friday with little in the way of fresh action. Further weather-related warnings in the UK and a heavy snowstorm in the North East United States contributed … Continue reading

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FX Market Summary 01-02-2014: European Currency Hangover

Markets had a solid run of data to welcome the first trading day of 2014 and volatility levels increased from the tentative conditions seen before the New-Year break with a notable shift in pattern also in evidence. The Euro-zone final … Continue reading

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FX Market Summary 12-31-2013: Sterling Holds Firm

According to the latest CFTC positioning data there was a further increase in speculative yen shorts to the highest level since July 2007 which will maintain the potential for a sharp correction, especially when there is a lack of liquidity. … Continue reading

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