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AUD & NZD got a boost from the risk-on vibes during the session. Interestingly enough, however, JPY was also in demand and even managed to edge out the Kiwi near the end.

No economic release? No problem! Higher-yielding currencies took a breather from their gains today, as the dollar took back some of its losses from the previous session.

Wall Street kicked off on a positive note as equity indices logged in strong gains during the first trading day of 2018. The U.S. dollar, on the other hand, wasn’t feeling so upbeat.

The yen stood triumphant against its peers, likely because of the risk-off vibes during the morning London session. The comdolls rally from earlier, meanwhile, became a broad-based retreat instead.

With some forex traders still ringing in the New Year, Asian session players had little to trade but China’s positive PMI report.

Since it was fun starting 2017 with crazy predictions, we decided to throw in even more wacky ideas for the year ahead. Check it out!

Steady session today. That doesn’t mean that the session was a complete snooze fest, though, since AUD and NZD both found some buyers, likely because of the commodities rally. Meanwhile, CHF found sellers despite the risk-off vibes.  

A lack of economic reports and anticipation ahead of more votes on the U.S. tax bill kept traders in the sidelines during the Asian session.

Dollar bulls were in a positive mood leading up to the highly-anticipated tax bill vote, but the currency coughed up its recent wins when a few plot twists came up.

The morning London session was rather subdued, likely because traders are waiting for the U.S. tax reform bill vote. Still, there was some action to be had since EUR slightly extended its gains while GBP encountered sellers.