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 12-30-2013: Year-End Demand Boosts Euro

Markets were dominated by year-end positioning and attempted stop-loss plays on Monday with low liquidity inevitably an important feature between the Christmas and New-Year period. Yen weakness was again the dominant focus during much of the Asian session with follow-through … Continue reading

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FX Market Summary 12-23-2013: Yen drifts Weaker

The latest CFTC positioning data continued to register a very high number of speculative short yen positions which will maintain the potential for a squeeze on shorts, especially given seasonal considerations. Tokyo markets were closed for a holiday on Monday … Continue reading

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FX Market Summary 12-20-12: Profit Taking Hits Dollar

As expected, the Bank of Japan held policy unchanged at the latest policy meeting. There were still expectations that the central bank would inject further additional stimulus during 2014 to help offset a planned sales-tax increase. USD/JPY pushed higher to … Continue reading

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FX Market Summary 12-19-2013: Dollar Responds To Fed Taper

There was no disappointment for volatility hunters following the Fed’s rate decision and policy statement on Wednesday. The FOMC announced a US$10bn reduction in the monthly amount of bond purchases to US$75bn starting in January amid greater optimism surrounding the … Continue reading

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FX Market Summary 12-18-2013: Sterling Shines Ahead of Fed Decision

The UK labour-market data was again stronger than expected for November, maintaining a very strong run of releases. There was a monthly claimant count decline of 36,700 and 18 out of the last 20 releases have been better than expected. There was … Continue reading

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FX Market Summary 12-17-2013: Dollar Edges Stronger

The Australian dollar was unable to make any headway on Tuesday as AUD/USD was blocked well below the 0.9000 level. The latest RBA minutes again made reference to the currency being over-valued and the government mid-year budget review was generally … Continue reading

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FX Market Summary 12-16-13: Dollar Unable To Gain Traction

The latest Japanese Tankan business confidence index was slightly stronger than expected at a five-year high of 16 for the latest quarter from 12 previously which provided some yen support on Monday. The latest Chinese HSBC PMI index was weaker … Continue reading

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FX Market Summary 12-13-2013: Euro Retreats into the Weekend

Yen trading was the main feature in Asian markets on Friday as the Japanese currency was subjected to fresh selling pressure. The US dollar continued to take advantage of higher Treasury bond yields while the yen remained the favourite choice … Continue reading

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FX Market Summary 12-12-2013: Aussie Dumped Again

Central banks had an important market influence during Thursday, especially on second-tier currencies. There were no surprises from the Swiss National Bank (SNB) with benchmark interest rates left on hold below 0.25% at the quarterly meeting while there was no … Continue reading

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FX Market Summary 12-11-2013: Volatility Spikes Higher

US congressional negotiators reached a deal on a two-year budget deal which, assuming it is passed by both houses of Congress, would avert the threat of a fresh government shutdown in January. This would also make it easier for the … Continue reading

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