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Forex market players started the week with a bang, as they saw not one, but TWO Prime Ministers resign during the trading session. Read more
There were three main themes this trading week: another week of pound strength, demand for the Loonie, and yet another fun week of yen bashing. So, what was driving forex price action on these and the other currencies? Read more
Trading conditions were rather tight during today’s morning London session, likely because forex traders were hunkering down for the last NFP report before the December FOMC statement. Read more
The Greenback took a step back against its major counterparts, as Asian session forex traders took profits before the NFP report release. Here’s what’s up! Read more
The Greenback was in a weak spot against its forex rivals as U.S. equities closed mostly lower, even though economic data wasn’t all that bad.
Directional movement was rather limited for many pairs during today’s morning London forex session. However, the pound and the Swissy were very clearly on the move. What’s up with that? Read more
Forex price action was a mixed bag of nuts, as risk-taking got mixed in with a bit of profit-taking ahead of this week’s other major reports. Read more
Surprise, surprise! OPEC officials decided to put their differences aside and shake hands on its first production cut in eight years.
There was some rather wonky price action during today’s morning London session. However, the Loonie clearly reigned supreme, thanks to surging oil prices. Another round of risk-taking, meanwhile, meant that the safe-haven yen got the boot yet again. Read more
Uncle Sam’s strong GDP report translated to gains for the Greenback during the Asian session, though its gains were limited by concerns ahead of today’s OPEC meetings. Read more
Is that a “No deal” for OPEC? Market watchers continued to monitor the developments among the cartel members but it looks like Iran won’t be on board at all.
The pound soared during today’s morning London session, apparently on positive data. Meanwhile, the broad-based retreat in commodities and risk-on vibes respectively took their toll on the Aussie and yen. Read more
Forex price action was a mixed bag of nuts, as market players continue to brace for this week’s top-tier events. Read more
All eyes and ears were on OPEC officials as market watchers tried to look for clues on whether or not the cartel can come up with an output deal in this week’s meeting.