Pip Diddy

Today’s morning London session was rather lively with the Aussie and the euro standing out, since the former easily steamrolled its peers during the course of the session while the latter was swamped by sellers.

Comdolls cheered China’s better-than-expected data, but forex price action was dominated by concerns over Tillerson’s exit from Trump’s camp.

U.S. President Trump seems to be having flashbacks of his days on The Apprentice as he went “You’re fired!” to Secretary of State Rex Tillerson and plans to sack more White House folks.

There was plenty of volatility during the morning London session. However, directional movement was a bit lacking, so price action was rather choppy for the most part. Yen pairs were an exemption, though, since the yen took more hits and extended its losses.

There were no top-tier reports printed during the Asian session, so forex traders focused on taking a bit more risk across the board.

U.S. session traders still seemed to be in a groggy mood after clocks were turned back an hour, leaving forex price action subdued as well. 

The forex calendar for today’s morning London session was rather sparse. Even so, there was enough action to keep the session interesting, since the euro got kicked broadly lower while the Greenback staged a broad-based recovery.

The dollar’s price action was a mixed bag of nuts as NFP shenanigans got mixed in with geopolitical news. What catalysts can move the Greenback this week?

Last week Loonie bulls and bears took their cues from top-tier Canadian reports and news from Trump’s administration. Which catalysts can influence the comdoll this week?

Unlike its European buddies, the pound was one of the better-performing currencies in the previous week, thanks mostly to upbeat data and fading Brexit concerns.