- Blog Sponsors
Another week of yen domination was the main theme this week. Aside from that, broad-based euro weakness was also a major theme. So, what was driving forex price action on these currencies? And how did the other currencies perform this week? Read more
Forex traders were apparently taking cues from the risk-off vibes during today’s morning London session, since the higher-yielding Aussie and Kiwi got torpedoed. Meanwhile, the safe-haven yen and Swissy were in high demand. Read more
Ho hum. It was a directionless trading session for forex traders, as a lack of fresh catalysts inspired market players to cherry pick their positions. Read more
Dollar bears were at it again as the “Trumphoria” started to fade on U.S. Treasury Secretary Mnuchin’s remarks. Pound bulls, on the other hand, continued to charge.
Price action was rather choppy during the session, with many pairs milling about in tight ranges. The Greenback did get kicked broadly lower late into the session, though. The safe-haven yen, meanwhile, was well-supported throughout the session. Read more
A lack of economic catalysts turned forex players’ attention to Australia’s CAPEX report and the Fed’s latest meeting minutes. Which currency do you think was the biggest mover during the session? Read more
Rally and reverse! The U.S. dollar was off to a good start but was unable to hold on to its lead when the FOMC minutes didn’t seem all that hawkish.
Plenty of action in today’s morning London session, with the pound slammed by poor data, the Aussie weighed down by crumbling commodity prices, and lower bond yields, as well as safe-haven flows, fueling demand for the yen. Read more
The Aussie was king of pips during the Asian forex trading session after a speech by Philip Lowe supported speculations that the RBA is done cutting its rates. Read more
The Greenback paused from its recent rallies as downbeat medium-tier reports gave traders reason to doubt that a March Fed rate hike is in the bag.
The lower-yielding euro and the safe-haven Swissy had a tough time during today’s risk-friendly morning London. The Loonie, meanwhile, got some love when oil prices jumped. Read more
The Greenback dominated most of its major counterparts, as a lack of major economic reports turned investor attention to higher bond yields and the upcoming FOMC meeting minutes release. Read more
U.S. traders were out on a holiday but that didn’t stop the Greenback from raking in some gains against its forex rivals during the latest trading session.
Not much lined up on the docket for this session and the U.S. will be having a bank holiday later, so price action was rather limited. Pound pairs were on the move, though, since the pound got bid higher across the board during the course of the session. Read more