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 12-10-2013: No Respite for the Dollar

Euro strength has again been the main focus for the past 24 hours. US Regional Fed President Bullard stated on Monday that recent job gains will bolster the case for a central bank tapering of bond purchases and he was … Continue reading

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FX Market Summary 12-09-2013: Euro Stays Resilient

USD/JPY opened strongly on Monday, moving above 103, while EUR/JPY tested resistance near 141.50 as solid risk appetite triggered widespread yen selling. The latest Japanese economic data recorded a small downward revision to the third-quarter GDP data and there was … Continue reading

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FX Market Summary 12-06-2013: Dollar Divergence After Payroll Data

Consolidation was inevitably the dominant influence ahead of the US open on Friday with markets waiting for the pivotal US employment report. Following surge late on Thursday, EUR/USD maintained a firm tone and found support on a brief dip the … Continue reading

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FX Market Summary 12-05-2013: Euro Defies Dovish ECB Talk

EUR/USD spiked higher during the Asian session on Thursday with a move above 1.3620 triggering stop-loss Euro buying to a peak near 1.3640 before dipping lower again. Trading conditions were then choppy and indecisive during the first half of the … Continue reading

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FX Market Summary 12-04-2013: Employment Data Boosts Dollar

As has been the case frequently over the past month, the Australian dollar was an important focus in Asian trading on Wednesday. An inability to break resistance, coupled with a further decline in gold prices and a weaker than expected … Continue reading

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FX Market Summary 12-03-2013: Yen Shorts Face Correction

There were further expectations that the Bank of Japan would consider additional policy easing during 2014 to maintain pressure against deflation. This continued to have a negative underlying yen impact as funds looked for fresh selling opportunities. The latest data … Continue reading

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FX Market Summary 12-02-2013: Euro Retreats Ahead of ECB

Slightly stronger than expected Chinese PMI surveys helped underpin risk appetite on Monday and also curbed yen demand. Bank of Japan Governor Kuroda stated that the bank won’t hesitate to adjust monetary policy if required and USD/JPY pushed to highs … Continue reading

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FX Market Summary 11-29-2013: Narrow Ranges Dominate Trading

The underlying theme has been little changed with the dollar firm against the yen and commodity currencies while continuing to struggle against the main European currencies. Core Japanese consumer prices rose 0.9% in the year to November, the highest rate … Continue reading

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FX Market Summary 11-28-2013: Euro resilient despite lending fears

As liquidity started to fade, there was a EUR/USD spike higher to above 1.36 very early in the European trading session on Thursday. There was a stronger than expected reading for one of the German states’ inflation readings which triggered … Continue reading

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FX Market Summary 11-27-2013: Sterling Takes Centre Stage

The UK GDP data was broadly in line with expectations as third-quarter growth was confirmed at 0.8%. There was a slight upward revision to capital spending estimates, but exports were disappointing and there was little in the data to excite … Continue reading

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