Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
The Aussie dollar crashed in value versus its peers during the Sydney and Asian trading sessions, after certain Chinese port authorities began to refuse the entry of Australia’s coal into China. Other than iron ore, coal is Australia’s largest export product, mainly shipped to China and then throughout Asia. Both minerals have provided the foundations […]
In the Sydney trading session the Aussie dollar initially rose versus its main peers, as the latest positive jobs and unemployment data was released. The unemployment rate remained at 5%, the economy added double the amount of jobs forecast at 31.9k, whilst the labour participation rate also grew. As the data was published AUD currency
The U.S. dollar rose versus yen during the latter part of the New York session, after the minutes of the FOMC January rate setting and monetary policy meeting were published. The overall consensus, reached by the FX analyst community after the publication was broadcast, concluded that the minutes were not dovish, perhaps leaning towards a
After a relatively quiet period for medium to high impact calendar events over recent days, Thursday 21st of February will witness many significant publications being released. Releases that could move the markets in the currencies the data relates to. Particularly if the figures miss, or beat the news agencies’ published forecasts. The series of releases
As the second/third largest manufacturer on the planet and arguably number one in terms of practical, high end manufacturing, Japan’s manufacturing and export data is often regarded as a measure, to gauge the overall health of the global economy. During Wednesday’s Asian trading session, the latest export and import data was published for the Japanese
Market analysts and FX traders were left confused on Tuesday as sterling rose by circa one cent versus the U.S. dollar. The significant move of GBP/USD, by circa 1% during the afternoon’s New York session, crashing the major pair up through the third level of resistance, R3, didn’t appear to be supported by any positive
At 19:00pm U.K. time, on Wednesday 20th February, the FOMC (the Federal Open Market Committee), will publish the minutes from its January, two day meeting. The culmination of which, saw the FOMC announce that the key interest rate for the USA economy, would remain unchanged at 2.5%, after three rises of 0.25% each, were instigated
Yen fell versus its major peers during the latter hours of the Asian session and the early part of the morning London trading session. The currency, often regarded as a safe haven, took a hit after the Bank of Japan Governor Mr. Kuroda issued a policy statement suggesting that the BOJ were ready and willing
The U.K. pound edged up during Monday’s trading sessions, at 21:45pm U.K. time GBP/USD was trading up 0.30%, hovering close to the first level of resistance and recovering from printing three weeks of consecutive losses. At 1.295 the major currency pair is threatening to reclaim the 1.300 handle and 200 DMA, a level not seen
China’s currency, the yuan, rose in the Asian session trading, as both the USA and Chinese negotiators announced that the trade and tariff discussions which took place in Beijing last week, would now continue in Washington. Investors and FX strategists took this as a positive sign that President Trump may also become involved, in order
