LATEST NEWS

Global Currency Headlines

APEX FX Trading (Sydney) Feb 13, 2013 - Market overview for the day Feb 13, 2013:

· FX markets experienced an eventful, fundamentally driven day due initially to a statement from the G7 regarding the yen’s recent fall that reaffirmed exchange rates should be market determined and that individual countries remain free to purse domestic objectives. Markets interpreted this as an approval of Japan’s policies to combat the weakening JPY and fight deflation, sending the USD/JPY to 33-month highs above 94.40. However, a G7 official later stated the statement was “misinterpreted” and the G7 is concerned about “excess moves” in the JPY. The USD/JPY then plummeted to a low of 92.94.

· The JPY outperformed on the day following the correction from the G7 official, which also led to broad USD weakness; the EUR/USD climbed to 1.3460 from 1.3380, and the GBP/USD rose from 1.5570 to 1.5660.

· The Aussie was also a gainer against USD weakness and rose to a high of 1.0323 from a low of 1.0227. Today the AUD will be looking at the release of the February Australian consumer confidence data as a fundamental driver.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 12, 2013 - Market overview for the day Feb 12, 2013:

· There was little movement in markets Monday as Japan and China observed bank holidays and there was no key economic data released, currency markets movement was mainly driven by positioning as opposed to developments in global fundamentals.

· The EUR/USD rose briefly following comments from Bundesbank President Weidmann warning policymakers against attempting to weaken the common currency stating that such a move would fuel inflation. Weidmann continued by saying the European Central Bank’s (ECB) monetary measures have been satisfactory to combat the debt crisis, and that responsibility now rests with governments.

· The Aussies maintains weakness, slowly falling to the 1.025 handle on the rising expectations for a March rate cut – markets analysts are currently pricing in a 57% probability of a March rate cut.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 11, 2013 - Market overview for the day Feb 11, 2013:

• The Aussie rebounded a bit Friday and recovered a foothold on the 1.03 level following strong January China trade data and the Reserve Bank of Australia (RBA) stating they are prepared to conduct more monetary easing if necessary. Additionally, the RBA expects the Q4 GDP, which will be released March 6th, to show a rebound in the domestic economy from a lift in iron ore and coal exports.

• The greenback finished the week firmer against the Euro following the release of the US Dec. trade deficit Friday evening that was much lower than analysts expected – US trade deficit narrowed by $10B to $38.5B, from $48.6B in Nov. Analysts now are expecting the surprise Q4 0.1% GDP decline to be revised back into positive territory.

• Bank holidays in Japan and China today, combined with an almost complete lack of headline data throughout Asia, may lead to thin trading conditions throughout the Asian session.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 8, 2013 - Market overview for the day Feb 8, 2013:

· The European Central Bank (ECB) unanimously decided to hold the benchmark cash rate at 0.75%. The Euro tumbled after a press conference given by ECB president Mario Draghi that sent the EUR/USD falling as low as 1.32, following comments from Draghi that indicated that exchange rates are not a policy target and noted the exchange rate is now near its long-term average.

· The USD is trading firmer as the greenback is currently stronger than all the G10 currencies, save for the JPY and GBP, following Draghi’s comments and positive US jobless claims data. US weekly initial jobless claims declined 5K, falling to 366K from the prior 371K.

· Aussie weakness remains and the Oct. 23, 2012 low of 1.0236 for the AUD/USD is now in sight as the next critical support level. The Aussie will be vulnerable to China’s upcoming trade data – released today or over the weekend, no exact time/date has been confirmed – and any disappointment will most likely pressure the AUD.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 7, 2013 - Market overview for the day Feb 7, 2013:

· US political risks to market stability is again back in focus as the fast approaching March 1st deadline for a budget plan has democrats and republicans in Washington continuing their revenue increase vs. spending cuts battle. House Speaker John Boehner has repeatedly stated he will oppose a sequester delay that does not included spending cuts. Markets will follow closely to any progressions/updates concerning US budget talks.

· The Aussie continues to show weakness and fell below the 1.03 handle for the first time since November. The AUD/USD had been pushing toward the 1.04 level prior to yesterday’s December retails sales that showed a 0.2% decline, raising expectations for a future Reserve Bank of Australia (RBA) rate cut.

· In Europe, investors will be focused on tonight’s European Central Bank (ECB) meeting following French leaders expressing concern over EUR strength while German leaders state the high value of the common currency “isn’t a bad thing” and is a vote of confidence in Eurozone politics. The ECB’s tone on currency strength will be of keen focus.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 6, 2013 - Market overview for the day Feb 6, 2013:

· Improved market sentiment has risk appetite back on following solid gains on both the European and US equity markets, better than expected US ISM services index and President Obama encouraging Congress to pass a smaller budget deal to avoid possible sequestration.

· The EUR has resumed its bullish run after Eurozone services PMI climbed to 48.6 in January, vs. 48.3 est., its highest mark since March 2012. The reading still indicates a Eurozone contraction, but the depth of the contraction is showing significant improvement, and the rise was due mostly to an upwards revision to German services PMI.

· The USD is trading mixed against the G10 space thus far today with risk seemingly back on as the January US ISM services index beat analyst’s expectations with a 55.2 headline print, vs. 55.0 est.

· The Aussie climbed above the 1.04 level late in the US session, recovering some of yesterday’s losses following the Reserve Bank of Australia’s (RBA) decision to keep the cash rate unchanged, however AUD/USD has falter yet again dropping back down to the 1.038 handle as markets await today’s retail trade numbers.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 5, 2013 - Market overview for the day Feb 5, 2013:

• The Reserve Bank of Australia (RBA) will be in the spotlight today during the Asian-session as the bank will announce its cash rate decision. Market analysts are currently anticipating the RBA will hold the cash rate which leaves little upside to the AUD/USD, and makes the Aussie quite vulnerable to the downside should the RBA surprise markets and cut the cash rate.

• Risk sentiment is down as Eurozone political risks threaten the recent EUR rally, sending the common currency lower. The EUR is lower against the G10 block following allegations Spanish President Mariano Rajoy and the Peoples Party accepted illegal payments, and Spain’s opposition leaders are calling for Rajoy’s resignation.

• US factory orders missed expectations, registering growth of only 1.8% in December vs. 2.3% est., and US equities saw sharp declines as markets continue to make corrective moves.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 4, 2013 - Market overview for the day Feb 4, 2013:

· The positive US non-farm payrolls and ISM Manufacturing data released Friday, combined with a slight rise in unemployment that keeps hopes alive for continued Fed QE, increased risk sentiment as equity markets rallied and the USD traded softer across the board.

-> US non-farm payrolls rise 157k vs. 165k est.
-> ISM Manufacturing climbs to 53.1 from the previous 50.7, beating expectations of 50.5
-> Unemployment rate jumped up to 7.9% from 7.8%

· The AUD received an upward tick from the risk positive sentiment after seeing initial weakness Friday from weaker than expected Chinese PMI, and climbed back to the 1.04 handle. Early week movements for the Aussie will be dictated by Tuesday’s RBA rate announcement.

· The EUR finished a bullish week around 1.365 after pushing all the way up to the 1.37 level prior to the US non-farm payrolls announcement.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Feb 1, 2013 - Market overview for the day Feb 1, 2013:

• The USD remains weak against the G10 currency block, save for the JPY, following the Federal Open Market Committee’s (FOMC) meeting announcing it will keep monetary policy unchanged and in the face of today’s US Non-Farm Payroll (NFP) release. NFP forecasts for 155K, which meets the previous count, and also predict the unemployment rate to remain unchanged at 7.8%.

• In the lead-up to the NFP, the US saw weekly initial jobless claims reversed recent declines and increased to 368K from the previous 330K. The EUR/USD has climbed to its highest level since November 2011, and is currently trading at the 1.358 level, however Euro zone unemployment figures - that may reach new record high levels - will be released today ahead of the US NFP.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 31, 2013 - Market overview for the day Jan 31, 2013:

• The USD is mainly trading softer across the board, save for the AUD/USD, following and unexpected US GDP contraction. The US Q4 GDP surprised markets with the headline GDP figure dropping to -0.1% q/q, which severely missed market estimates for +1.1% and is a step decline from the prior +3.1% growth seen in Q3. The US Q4 contraction was mainly driven by the largest defense spending cut since 1972 (linked to the US military exit from Iraq), and weakness in inventories, which subtracted by 1.27%.

• The US Federal Open Market Committee (FOMC) kept its monetary policy unchanged, as expected, and will maintain its current round of QE by continuing to buy $85B per month in mortgage bonds and Treasury units.

• All US economic data was not so gloom, however, with the US ADP employment report showing the addition of 192k jobs in January, beating expectations of 162k for the month. Markets are positioning themselves for Friday’s US Non-Farm Payrolls.

Please contact for further commentary.

Conor P. Shea | APEX FX Trading
d: 0280695296 | m: 0413769605 | f: 0280886091 | e:

Global Currency Headlines

APEX FX Trading (Sydney) Jan 30, 2013 - Market overview for the day Jan 30, 2013:

· Consumer confidence in the United States dropped to the lowest level since November 2011, falling to 58.6 (64.0 est.) from the previous 66.7. As a result, the USD is trading weaker across the G10 board. However, US housing market data met expectations as the S&P/Case-Shiller home price index climbed by 5.5% in November – the largest increase since August 2006 – and showcases the housing recovery currently taking place throughout the US.

· The Euro rallied leading up the US consumer confidence report, and the EUR/USD held its gains following the release as it seems a higher US payroll tax beginning this month and the seemingly never-ending US fiscal debate remain a keen focus for cautious US consumers.

· Despite the softened USD, the AUD has picked up little ground against the struggling greenback during the last trading session and remains around the 1.045/6 level. Aussie investors will be looking to tomorrow’s Private Sector Credit release before focusing on the always anticipated US Non-Farm Payrolls Friday.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 29, 2013 - Market overview for the day Jan 29, 2013:

· Mixed economic data for December in the US has the greenback trading slightly firmer across the G10 currency block, with the EUR/USD consolidating recent gains and trading around the 1.345 level.

-> US durable goods orders grew more than expected with a headline reading of 4.6% ( 2.0% est.), up from 0.7%

-> US home sales unexpected fell by -4.3% MoM (0.0 est.) from the previous +1.6%

-> Dallas Fed manufacturing index rose to 5.5 in January (4.0 est.) from 2.5

· The National Australia Bank (NAB) Business Survey will be released in Australia today at 11:30 a.m. AEST. Today’s NAB Business Survey is for “December”, but the poll was actually taken in early January to better represent true economic sentiment, as opposed to polling the last week of December (typical protocol) when most businesses are on holiday. The November 2012 NAB Business Survey showed significant slowing in Australian GDP growth, with business confidence falling to -9 and business conditions down to -5.

· Aussie investors will also be keeping a keen eye on Queensland, Australia floods that have raged through the Sunshine State this week to gauge the disruptions the floods have/will cause to business and economic activity, specifically any ill affects to coal mines throughout the area. Initial reports indicate the current floods are not as damaging as the floods of 2011. The AUD/USD is currently steady on the week trading around the 1.040 level.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 28, 2013 - Market overview for the day Jan 28, 2013:

• Global markets will be positioning throughout the week in anticipation of 2013’s first US Non-Farm Payrolls (NFP), which will be released Friday at 13:00 GMT. Analysts are expecting no spectacular gains, or disappointments, from the January US jobs report that is estimated to see the US economy add between 120-160K jobs with unemployment remaining below the key 8% level.

• The EUR finished the week strong following encouraging Eurozone PMI data that exceeded expectations in January, climbing to 47.5 from 46.1, proving some truth to European Central Bank (ECB) president Mario Draghi’s comments that the Eurozone economy will slowly gain strength this year. The EUR/USD rose to and maintained the 1.34 level to finish the trading week.

• Despite the prevailing risk appetite that surged during the latter half of the week, the AUD/USD tumbled to the 1.0410/15 range. The Aussie will be focused on this week’s NFP numbers before turning its attention to next week’s Reserve Bank of Australia’s (RBA) rate decision to better determine the currency’s direction.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 25, 2013 - Market overview for the day Jan 25, 2013:

· European and US economic data was quite mixed and produced mixed signals in the FX markets with the EUR seeing gains against the USD while the AUD fell drastically. Eurozone composite PMI was up to 48.2 from 47.2 (47.5 est.) with strong German services and manufacturing numbers driving the jump.

-> German service reading rose to 55.3 from 52.0

-> German manufacturing up to 48.8 from 46.0

-> France manufacturing index fell to 42.9 from 44.6

-> France service reading dropped from 45.2 to 43.6

-> US initial unemployment claims remain steady at 330k

-> Markit US manufacturing PMI climbed to 56.1 from 54.0, beating expectation of a fall to 53.0

· The AUD/USD fell nearly 100 pips to 1.0449, the Aussie’s lowest level in 3 weeks, despite strong Chinese PMI and a rise in equities. The market may have begun pricing in a higher chance of a rate cut from the Reserve Bank of Australia (RBA) on Feb. 6. The probability of a RBA rate cut will be of keen focus for investor in the coming weeks.

· Japanese CPI data will be released today and is predicted to show the country is still mired in deflation with core nationwide CPI predicted to hold at -0.5. The USDJYP continues to climb to new highs of 90.3 after receiving a boost from Japan’s deputy economy minister stating that USD/JYP 100.0 would not be a problem.

Please contact for further commentary.

Kind regards,

Conor P. Shea | APEX FX Trading

d: 0280695296 | m: 0413769605 | f: 0280886091 | e: cshea@apexfxtrading.com.au | w: www.apexfxtrading.com.au

Suite 903, L9 | 66 King Street | Sydney, NSW, 2000

Global Currency Headlines

APEX FX Trading (Sydney) Jan 24, 2013 - Market overview for the day Jan 24, 2013:

• US equity markets hit new cycle highs and continued their bullish trend after receiving a mid-session boost from Washington. The US House of Representatives passed a bill that will temporarily suspend the US debt ceiling and will force the Senate to pass a budget by mid-April or early May (which is no small task). The bill still requires approval from the Senate and President Obama, but President Obama has already agreed to sign the bill into law if it is approved by both houses.

• The International Monetary Fund (IMF) projected a second year of Eurozone contraction stating “financial markets were ahead of the real economy,” and the common currency felt pressure throughout the day with the EUR/USD trading in the 1.32-33 range.

• The sterling steadied following better than expected employment data and MPC meeting minutes that were interpreted to suggest policy will maintain the status quo.
-> UK Unemployment rate dropped to 7.7% from 7.8%

• The Aussie remained in the 1.052-057 range as investors are still not sure what the Feb. 5 RBA rate meeting will bring with analysts currently seeing it as a 50:50 chance the bank cuts rates, and yesterday’s soft CPI print (0.2% vs. 0.4% est.) adds another variable to the banks decision.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 23, 2013 - Market overview for the day Jan 23, 2013:

• The Bank of Japan continued the recent central bank trend by announcing its own “open-ended” stimulus offensive of 13 trillion Yen per month to help achieve the BoJ’s new 2% inflation target, which the BoJ also announce yesterday.

• The Japanese Yen appreciated across the board following the BoJ’s announcement and outperformed the G10 currency block on the day. The announcement also garnered comments from policy makers – yesterday it was Germany’s Meister and Bank of England Governor King - expressing concern of a developing international currency war as central bank officials continue taking measures to devalue their respective currencies.

• The AUD was quite resilient in spite of the BoJ’s announcement as the AUD/USD stabilized and found footing around the 105.8 level. The Aussie today will be focused on the Australian CPI figures, with the consensus estimating an increase of 0.4% in Q4.

• European Central Bank president Mario Draghi also made public statements yesterday maintaining his optimism that the worst of the euro crisis is in the past, saying, “we can begin 2013 on a more confident note.” The EUR/USD continues to trade between the 1.3250-1.34 range.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 22, 2013 - Market overview for the day Jan 22, 2013:

· APEX FX Trading markets are closed today in accordance with US equity and bond markets that are closed in observance of the Martin Luther King Jr. holiday. Markets will reopen at regular open time Wednesday, Jan 23, 2013.

· Global FX markets have thus been constrained with few market participants. However, investors will keep a keen eye on the outcome of today’s much-anticipated Bank of Japan (BoJ) meeting.

· Early morning reports from the Nikkei news agency suggest the BoJ will approve a 2% inflation target, replacing the current 1% inflation ‘goal’ that has been the status quo. In addition to the 2% inflation target, the Nikkei new agency is also speculating the BoJ will also announce a Y10tn increase to its current asset purchase program. If the Nikkei reports come to fruition, markets will see some movement despite few participants, and JYN bears may be disappointed to hear this speculation become reality.

Please contact for further commentary.

Kind regards,

Global Currency Headlines

APEX FX Trading (Sydney) Jan 21, 2013 - Market overview for the day Jan 21, 2013:

· US equities generally performed well to finish the week on a high note and the USD traded firmer against the G10 currencies as we saw risk sentiment decline following disappointing US data with the preliminary University of Michigan consumer sentiment index falling to 71.0 from 72.9 (est. 75.0).

· The GDP was the worst performer of the G10 block Friday with the GDP/USD dropping 0.8% as the sterling eyes this week’s Q4 GDP print that is expecting a negative outcome of 0.1%.

· The EUR also saw some slippage Friday as the common currency fell -.04% on the day following ECB’s Coeure’s comments insinuating there will be no impact on EONIA from repayment of LTRO by Eurozone banks this month.

· The Aussie saw declines as well for the week with a rising unemployment rate that has given investor’s reason to worry prior to the Feb. 5 RBA rate decision meeting. The Aussie will be keen this week on CPI release (Wednesday) and the HSBC ‘flash’ China manufacturing PMI (Thursday).

· Reminder: Markets will be closed on Monday, 21 January (Tuesday, 22 January AUS) in the US for the Martin Luther King Jr. Holiday. Please refer to previous email for exact market open and close dates and times.

Please contact for further commentary.

Kind regards,

Global Currency Headlines

APEX FX Trading (Sydney) Jan 18, 2013 - Market overview for the day Jan 18, 2013:

· Better than expected US housing data increased risk sentiment across the board and US equities rallied as the EUR/USD surges up to the 1.338 handle.

o US housing starts rose by 12.1% (est. 3.3%) to 954k in December from the previous 851k
o Building permits in December increased 0.3%, less than the expected 0.5%
o Weekly initial jobless claims fell to 335k (est. 369k) – the lowest level since January 2008

· The JPY weakened quite a bit following reports the Bank of Japan is likely to ease policy next week. The reports indicate the BoJ may raise the inflation target to 2% and will announce an additional ¥10T expansion in asset purchases.

· The recent downward trend for the AUD/USD continues in the near-term and the Aussie will be focused today on China Q4 GDP print.

Please contact for further commentary.

Kind regards,

Global Currency Headlines

APEX FX Trading (Sydney) Jan 17, 2013 - Market overview for the day Jan 17, 2013:

· Another fairly heavy day of economic data from the US - which did not garner much movement from the market - saw the release of the Fed’s Beige Book, consumer prices and industrial production, with numbers mostly in line with expectations.

-> Fed’s Beige Book, overall unenthusiastic, indicated “all twelve Districts characterizing the pace of growth as modest or moderate”

-> US consumer prices hit expectations with a headline reading of 0.0% MoM and 1.7% YoY in Dec.

-> Industrial production increased by 0.3%

· Eurozone core CPI came in at 1.5%, up from the previous 1.4%, meeting expectations.

· The USD is relatively firmer following US and Eurozone economic data, yet this data has not had a great effect on the market. The EUR/USD has remained in the 1.331-1.325 range.

· The AUD/USD continues to hang around the 1.05 handle where the Aussie will focus on the AU Employment numbers, release later today.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 16, 2013 - Market overview for the day Jan 16, 2013:

• Mixed economic data from the United States firmed the dollar against the majors, save for the JPY, on strong retails sales coming off the holiday shopping season, yet manufacturing data came in below expectations.
o US December retail sales rose by 0.5% vs. est. 0.2%
o US December retail sales, excluding autos and gas grew by 0.6% vs. est. 0.4%
o December producer prices dropped by -0.2% vs. est. -0.1
o Empire manufacturing index fell to -7.778 vs. est. 0.0
o November business inventories grew by 0.3%, as expected
• The heavy stream of US economic data pushed the EUR/USD below the 1.326 level before rebounding to the current 1.33 range.
• In Australia, the January Westpac Consumer Confidence came in at 0.6%, giving a boost to the Aussie.
• The JYP saw gains across the board following comments from Japanese Economy Minister Amari that insinuate the government may attempt to soften the currency’s rapid decline.

Please contact for further commentary.

Kind regards,

Global Currency Headlines

APEX FX Trading (Sydney) Jan 15, 2013 - Market overview for the day Jan 15, 2013:

· US Federal Reserve chairman Ben Bernanke conducted a Q&A session Monday evening at the University of Michigan where he provided no signs of QE expiration, saying that the US economy “is not out of the woods,” and continued with “overall QE has succeeded in reducing long-term rates; we have found (QE) to be an effective tool.” Bernanke also focused on the upcoming debt ceiling debate saying he believes that raising the debt ceiling is crucial, and made the analogy that “not raising debt ceiling is like not paying credit card bills, it’s very important congress raises the debt ceiling.”

· Eurozone industrial production was weaker than expected, -0.3% in November and -3.7% YoY (+0.2 and -3.1% est.), yet the EUR remains resilient and looks ready to test 2012 highs of 1.349.

· The Aussie continues on its short term down trend following a report by ANZ showing a drop in job advertisements. The ANZ report stated job ads fell by 3.8% in Dec., the 10th straight decline.

Please contact for further commentary.

Conor P. Shea | APEX FX Trading

d: 0280695296 | m: 0413769605 | f: 0280886091 | e: cshea@apexfxtrading.com.au | w: www.apexfxtrading.com.au

Suite 903, L9 | 66 King Street | Sydney, NSW, 2000

Global Currency Headlines

APEX FX Trading (Sydney) Jan 14, 2013 - Market overview for the day Jan 14, 2013:

· The Euro capped a bullish week with EUR/JPY hitting 20-month highs (119.4) and the EUR/USD seeing 9-month highs (1.33) following positive fundamental economic data and encouraging comments from European Central Bank (ECB) President Mario Draghi.

· The week ahead will again be focused on economic fundamentals with data releases highlighted by UK Consumer Price Index (15/1), US Retail Sales (15/1), the Federal Reserve Beige Book (16/1), Australian Employment Change (16/1), and Chinese GDP (17/1). Markets will also be focused on Federal Reserve chairman Ben Bernanke as he speaks at the University of Michigan Monday evening.

· The AUD/USD finished a volatile week with the Aussie falling to the 1.53 level after threatening the key resistance level of 1.06. The currency pair will be positioning this week as markets begin to focus on domestic data leading up to the February Reserve Bank of Australia (RBA) rate decision.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 11, 2013 - Market overview for the day Jan 11, 2013:

• European Central Bank (ECB) President Mario Draghi returned to his mid-2012 “Super Mario” form by once again injecting confidence into the risk currencies during a press conference that followed the Bank’s announcement to hold interest rates at 0.75%. Risk sentiment rose alongside Draghi’s comments that the decision to hold rates was unanimous and stated the economy will gradually recovery throughout 2013.

• The EUR was the greatest beneficiary leading all G10 currencies following Draghi’s comments on the ECB interest rate decision. The common currency received additional support from a Spanish bond auction that beat expectations, selling EUR 5.82B surpassing expectations for EUR 4B-5B range.

• Increased risk appetite sent the AUD to its highest level since September 14, 2012, as the Aussie garnered strength from a stronger than expected Chinese December exports that jumped to 14.1% (est. 4%).

• Economic data from the United States saw US initial jobless claims rise to 371,000 as the USD traded softer on the session.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 10, 2013 - Market overview for the day Jan 10, 2013:

• Markets today will be focused on Europe as the European Central Bank (ECB) will announce its interest rate decision at 12:45 GMT. The Bank’s decision to either hold the current rate of 0.75% or potentially cut the base rate to record lows will move the common currency accordingly.

• Additionally, ECB President Mario Draghi will conduct a press conference following the Bank’s announcement that may prove equally important as the rate announcement itself. Should Draghi hint at future rate cuts, or the Bank ’s willingness to do, the common currency could test the key physiological support level of 1.30.

• Currently, the USD is trading firmer with its greatest gains against the Japanese yen, as the yen resumes a downward trend.

• Japanese yen weakness follows further disconnect between the Japanese government and the Bank of Japan (BoJ). Prime Minster Abe has repeated his desire for monetary policy aimed at a 2% inflation goal, but concedes monetary policy is the BoJ’s responsibility.

Please contact for further commentary.

Global Currency Headlines

APEX FX Trading (Sydney) Jan 9, 2013 - Market overview for the day Jan 9, 2013:

• Risk appetite was subdued as the NY session saw sentiment decline with US treasury yields down and equity markets finishing the day in the red. The USD is trading firmer across the board as a result as investors seek safety.

• Declining risk sentiment resulted despite improving US domestic economic data that saw the IBD/TIPP economic optimism reading climb to 46.5 from a previous 45.1 (hitting estimates), and NFIB small business optimism unexpectedly rise to 88.0 in Dec. from a previous 87.5 (estimates predicted a decline to 87.2).

• The Japanese Yen also saw strength as risk declined and it outperformed the G10 field for the day. These gains provide a momentary turn from a down trend start for the Yen thus far in the beginning of the trading year, but continued discussions of Japanese ESM bond buying and additional aggressive monetary policy will remain the currency’s focus throughout the first quarter.

Please contact for further commentary.
Kind regards,

Global Currency Headlines

APEX FX Trading (Sydney) Jan 8, 2013 - Market overview for the day Jan 8, 2013:

The USD is trading softer against all of its G10 counterparts following a fairly slow domestic trading session with no major economic data releases in addition to US equities trading lower ahead of earning season.

The Euro rebounded as markets are positioning prior to this week’s ECB meeting - Europe’s main focus this week – with the Bank hinting its willingness to lower interest rates in 2013. Any indication of if/when a rate cut occurs would drive the common currency.

The EUR/USD found support ahead of the 1.30 key psychological figure and is extending gains to 1.312 as US equities traded in the negative throughout the session.

The AUD is slightly firmer with AUD/USD back up around the 1.05 handle. The Aussie today will be focused on economic data input from Australia’s November trade balance figures (est. widening trade deficit to -2.30B from the prior -2.09B), as well as December foreign data.

Please contact for further commentary.

Conor P. Shea | APEX FX Trading

d: 0280695296 | m: 0413769605 | f: 0280886091 | e: cshea@apexfxtrading.com.au | w: www.apexfxtrading.com.au

Suite 903, L9 | 66 King Street | Sydney, NSW, 2000

Global Currency Highlights

APEX FX Trading (Sydney) Jan 7, 2013 - Market overview for the day Jan 7, 2013:

Risk markets recovered to close out the first week of the new year, with US equity markets up slightly, following solid, but not spectacular, non-farm payrolls data in the States.

o US non-farm payrolls added 155k jobs in Dec.
o Unemployment rate rose to 7.8% vs. 7.7% est.
o Non-manufacturing ISM report rose to 56.1 form 54.7

The Aussie finished a relatively volatile opening week of 2013 stronger against the greenback with the fiscal cliff averted, momentarily at least, in addition to fairly firm US economic data that lead to a relative risk recovery.

The week ahead, especially today, will be quite light on economic data after a volatile beginning to the trading year. This week will give some insight to whether the early volatility was due to a slew of heavy data, or a general indicator for an uptick trend for the year ahead.

Please contact for further commentary.

Conor P. Shea | APEX FX Trading

d: 0280695296 | m: 0413769605 | f: 0280886091 | e: cshea@apexfxtrading.com.au | w: www.apexfxtrading.com.au

Suite 903, L9 | 66 King Street | Sydney, NSW, 2000

New Year Currency Trading: This new year begging profiting from foreign exchange trading. Start today with our FREE demo trading account and ask about our sign up bonus to help you being trading in the black!

The 4-Trillion-a-day currency market is one of the most volatile markets in the world, and leveraged trading accounts allow for maximum earning potential.

Contact one of our certified professionals to help you get started trading today!

APEX Breaking News 30 January, 2012

We are proud to announce our new partnerships with ALGOCHARGE global payment solutions and FxWire Pro.

ALGOCHARGE has over a decade of experience in the e-commerce payment processing industry. ALGOCHARGE utilizes its' technology and financial expertise to supply APEX clients with the very best in secure global payment solutions. APEX clients can now deposit funds using their credit cards via the ALGOCHARGE gateway. Please see our 'deposit options' page for more information ( DEPOSIT OPTIONS ).

The 4-Trillion-a-day currency market is one of the most volatile markets and is influenced by many different factors. FxWire Pro is a comprehensive newswire service for investors and traders that offers all of the news affecting the currency markets in a truly trader friendly format. Their current offering is over 600 news items every day.

New Deposit Options (UAE Exchange) 13 December, 2011

APEX is proud to announce we are now accepting deposits through UAE Exchange. UAE Exchange endeavours to make convenience for the client, their top priority. Just step into any of their branches worldwide and you will realise they have everything you need under one roof. Please visit their website to find the closest branch to you. - (http://www.uaeexchange.com/).

New Product Launch (Natural Gas) 29 September 2011

Investing in Natural Gas used to be quite complicated, but now APEX clients can buy and sell CFD's on Natural Gas futures. Natural Gas "NG" is currently being offered without any commission fees and with a spread of only 3 pips to our valued clients.

New Product Launch (Indices&Oil) 27 June 2011

Sydney, Australia – CFD Trading company APEX FX Trading, announced today it
will offer four new products. APEX has added Light Sweet Crude (Oil),
NASDAQ 100 mini, S&P500 mini and Down Jones contracts.

Christopher Wojie, Chief Executive Officer, APEX FX Trading, comments: "With
a choice of oil contracts, indices, spot gold, silver and 38 currency pairs, APEX
provides exciting alternatives for investors looking to diversify and take advantage
of trading opportunities beyond traditional equity markets. APEX will continue
to add new products to help our clients take advantage of these global trading
opportunities."

APEX offers Light Sweet Crude (OIL) as a Contract for Difference (CFD) with low
margin requirements and the flexibility to trade small contracts. The APEX OIL
contract tracks the current price of Light Sweet Crude oil futures on the New York
Mercantile Exchange (NYMEX)

For more information, please visit our pricing and execution page.

6th Jordan FOREX Expo 2011 21 April 2011

It has been always our main objective to meet with investors, to tailor their needs and build ongoing relationships.

APEX FX Trading is proud to announce its participation and sponsorship of the 6th Jordan FOREX Expo, which will be taking place in Amman City, the capital of Jordan.

Venue: InterContinental Amman Hotel

Date: 2nd, and 3rd of May 2011

Time: Day1 9:30AM – 8:00PM / Day2 10:00AM – 8:00PM

We look forward to meeting you.

APEX FX Trading, LLC commences trading under ASIC 1 Mrach 2011

Australia: March 1, 2011 APEX FX Trading is registered with the Australian Securities and Investment Commission (ASIC). APEX FX Trading is the registered business name of Apex Derivatives Pty Ltd (ABN 57 143512501). APEX Trading has opened its headquarters in Sydney to meet the ever growing demand for Margin FX and CFD’s products throughout the ASIA Pacific region and the globe.

The CEO of APEX FX Trading commented "With current market regulations changing around the world, investors are looking for secure hassle free solutions to trade. We feel that current ASIC regulations will provide a secure environment for those investors. APEX is committed to our partners success."

***Disclaimer: Foreign Exchange and Contracts for Difference trading involve significant risk of loss and may not be suitable for everyone. To make an informed decision about these products, please refer to our Product Disclosure Statement and Financial Services Guide.

The advice contained in this communication has been prepared without taking into account the objectives, financial situations or needs of any person; and because of that, any person should, before acting on the advice, consider the appropriateness of the advice, having regard to their objects, financial situation and needs; and if the advice related to the acquisition, or possible acquisition, of a product then the person should obtain the Product Disclosure Statement and consider it before making any decision about whether to acquire the product.

Apex FX Trading

Primary links

LATEST NEWS