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 11-12-2013: Inflation drop hurts Sterling

There was a significant decline in Australian business confidence according to the latest reading on Tuesday which put the Australian dollar on the defensive as AUD/USD retreated to test support levels near 0.9300. There was a weaker than expected reading … Continue reading

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FX Market Summary 11-11-2013: Veteran’s Day Euro correction

Although the headline Japanese current account surplus was in surplus at a five-month high, there was a wider seasonally-adjusted deficit which will not provide underlying yen support with overall trade conditions still vulnerable. The dollar drifted weaker to just below … Continue reading

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FX Market Summary 11-08-2013: Payrolls boost for the dollar

After extremely volatile trading later in the New York session on Thursday, USD/JPY found support below the 98.00 level following a rapid plunge from highs around 99.40. This dollar vulnerability allowed the Euro to rally back above 1.34 following the … Continue reading

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FX Market Summary 11-07-2013: Euro slides after rate cut

Market ranges were generally subdued ahead of key central bank rate decisions on Thursday. A notable exception was the Australian dollar which was undermined by a weaker than expected employment report and AUD/USD retreated back below 0.9500 during the Asian … Continue reading

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FX Market Summary 11-06-2013: ECB appears to say no

Euro bears were again unable to push EUR/USD below the 1.3450 area on Tuesday and this helped trigger a covering of short positions with a move back towards the 1.35 area. There was a fresh spike higher to the 1.3520 … Continue reading

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FX Market Summary 11-05-2013: Strong data boosts Sterling

As expected, the Reserve Bank of Australia left interest rates at 2.50% following the latest monetary meeting. There were again significant comments within the statement that the Australian dollar was overvalued and would need to weaken, possibly substantially, in the … Continue reading

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FX Market Summary 11-04-2013: Euro consolidates losses

Technical considerations were important Monday as markets digested sharp moves late last week. The latest CFTC positioning data continued to record a substantial net long Euro positions in excess of 70,000 contracts and the net short dollar position was at … Continue reading

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FX Market Summary 11-01-2013: Euro remains under pressure

The latest official Chinese PMI index was stronger than expected on Friday which should have underpinned risk appetite, but the yen initially remained resilient as the Nikkei index weakened again. There was evidence of profit taking on short yen positions following … Continue reading

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FX Market Summary 10-31-2013: Euro weakens sharply

The dollar initially gained support on Tuesday from a slightly less dovish that expected Federal Reserve statement which kept alive at least some possibility of a tapering move in December with officials were less concerned over underlying economic trends. EUR/USD … Continue reading

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FX Market Summary 10-30-2013: Dollar waits for Fed statement

Trading conditions were generally subdued on Wednesday with little commitment to fresh and aggressive positioning given the high degree of event risk and uncertainty over underlying trends. The early Euro-zone economic releases did not have a significant impact as German … Continue reading

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