Asian Session Recap: Risk-Taking Pushes AUD and NZD Higher
There was no major economic report printed during the Asian session, so traders focused on pricing in last week’s NFP report and Trump’s not-so-inflexible tariff plans.
Read MoreThere was no major economic report printed during the Asian session, so traders focused on pricing in last week’s NFP report and Trump’s not-so-inflexible tariff plans.
Read MoreBoth the euro and the franc were at the bottom of the forex pile last week. Will the upcoming set of catalysts be enough to spur a rebound?
Read MoreRisk sentiment and bond yields had the most impact on the yen’s price action last week. Will we see a repeat this week? Let’s take a look at some Japanese reports on tap.
Read MoreThe Aussie barely reacted to Australia’s top-tier reports last week. Does this mean that risk sentiment will once again rule its charts this week? Here are potential catalysts.
Read MoreLast week the New Zealand dollar danced to the tune of risk sentiment. Will top-tier reports make any dent this week?
Read MoreThere wasn’t much going on during the session, very likely because traders were bracing for the NFP report. GBP and EUR are worth noting, though, since the former found later buyers while the latter encountered steady selling pressure.
Read MoreTop-tier economic reports took a backseat to news of an imminent meeting between Kim Jong Un and President Donald Trump.
Read MoreSigns that the Trump administration could be willing to give out more exemptions to higher tariffs eased trade war concerns, allowing USD and CAD to keep recovering.
Read MoreThe euro had a mixed performance ahead of the ECB statement. But when the ECB later revealed that it removed its easing bias on its QE program, the euro immediately spurted higher across the board to claim the top spot.
Read MoreMarket players took a chill pill during the Asian session, as they priced in easing concerns of Trump implementing stiff tariffs on its major trading partners.
Read MoreYour chances of success are directly proportional to the degree of pleasure you derive from what you do.Michael Korda