Pip Diddy

Market action was off to a bit of a slow start for the week as New York session traders were probably busy getting ready to witness the solar eclipse.

Not much on the docket today. Even so, price action was decent enough since EUR was in recovery mode while GBP jumped higher before meeting sellers near the end.

Forex price action was as exciting as watching paint dry, as a lack of fresh catalysts ahead of big events pushed traders to the sidelines.

CAD strength and GBP weakness were the main themes this week. But what influenced price action? And how did the other currencies fare? Well, read on and find out!

Choppy session today, but AUD and NZD were clearly in demand despite the risk-off vibes, very likely because commodities were in rally mode.

No major reports were printed, so there was little to stop Asian session traders from extending the previous sessions’ themes.

Political uncertainty and risk aversion kicked into high gear during the latest New York session, weighing on higher-yielding currencies and U.S. equity indices.

Price action was rather wonky during today’s morning London session, particularly the euro selloff and the Greenback’s broad-based recovery.

The dollar got hit by the ruckus in the White House AND a less hawkish Fed while the Aussie failed to get momentum from Australia’s weak jobs data.

The Greenback woke up on the wrong side of the bed upon seeing downbeat housing data, and the rest of its day turned out even worse on FOMC minutes and another “You’re fired!” moment from Trump.