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 11-26-2013: Dollar Confidence Disappointment

EUR/USD pushed higher to test resistance levels above 1.3550 in Asian trading on Tuesday with the failure to break higher triggering some profit taking on long positions into the European open. There was a further stream of rhetoric from ECB … Continue reading

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FX Market Summary 11-25-2013: Euro Unable To Break Resistance

The latest CFTC positioning data recorded a further increase in short speculative yen positions to above 100,000 contracts, the highest short position for over six years, which will maintain the potential for a sharp correction. Yen selling was, however, still … Continue reading

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FX Market Summary 11-22-2013: Australian Dollar Stays Under pressure

The Australian dollar remained under pressure during the day, continuing the run of losses this week. There were further warning over possible intervention and an overvalued currency from the Reserve Bank with AUD/USD retreating to 10-week lows near 0.9150. USD/CAD … Continue reading

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FX Market Summary 11-21-2013: Euro Recovers in Choppy Conditions

The dollar was able to secure a further boost late on Wednesday from the latest Federal Reserve minutes. There was certainly a mixed bag on offer from the Fed, but the rhetoric maintained the possibility of a December tapering which … Continue reading

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FX Market Summary 11-20-2013: ECB Talk Unsettles Euro

The dollar was subjected to renewed selling pressure early in the Asian session on Wednesday with Fed Chairman Bernanke maintaining the run of dovish rhetoric from key US central bankers. There was a further commitment to keep policy very accommodative … Continue reading

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FX Market Summary 11-19-2013: Dollar Can’t Generate Momentum

Late in the Asian session on Tuesday, there were reports that the Chinese PBOC would move to a less controlled managed float for the yuan and give it greater flexibility with a widening of the currency band. The comments triggered … Continue reading

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FX Market Summary 11-18-2013: Euro Continues to Defy Sellers

The latest CFTC data recorded a further increase in long speculative dollar positions together with a decline in long Euro positions which will also make it more difficult for the US currency to make headway as EUR/USD initially consolidated close … Continue reading

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FX Market Summary 11-15-2013: Dollar Struggles into the Weekend

Following Fed Vice-Chairman Yellen’s testimony on Thursday, the yen was hampered by generally robust risk appetite on expectations that global central banks would maintain very expansionary monetary policies. There has also been a decline in the VIX volatility index as … Continue reading

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FX Market Summary 11-14-2013: Dollar and Euro Exchange Blows

The dollar came under sharp selling pressure late in US trading on Wednesday following the early release of Fed Vice-Chairman Yellen’s prepared testimony to the Senate banking committee. References to the economy and labour market being far short of their … Continue reading

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FX Market Summary 11-13-2013: Upgraded Forecasts Boost Sterling

The latest UK labour-market data was again stronger than expected as the claimant count fell by a further 41,700 in October after a revised 44,7000 decline the previous month. Remarkably, this was the 9th successive month where the outcome has been … Continue reading

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