Pip Diddy

Trading conditions were a bit subdued during the morning London session, with many currency pairs trading sideways. The Loonie was a clear exception, though, since it charged higher on the back of rising oil prices.

Forex price action was a mixed bag of nuts, as Asian session traders caught the dollar-buying bug before they calmed down and traded with improved risk appetite.

The yen triumphed over all this week, with the Greenback coming in second place. The Aussie, meanwhile, get beaten to a pulp. So, what was driving price action on these currencies? And how did the other currencies fare? Read on to find out!

Price action during the morning London session was a bit more subdued compared to the earlier sessions, probably because traders were hunkering down for the upcoming NFP report. The pound and the Greenback were clearly on the move, though.

What pre-NFP lull? The major currencies came alive during the Asian session after the U.S. fired dozens of missiles into Syria in response to the government’s alleged chemical attacks.

Major pairs cruised quietly in their ranges as dollar traders seem to be holding out for the upcoming NFP release while rising geopolitical tensions kept investors on edge.

Lots of action in today’s morning London session, with the yen in retreat, the Aussie in recovery mode, and the pound weighed down supposedly by Brexit-related jitters. The euro, meanwhile, had decent two-way action but was mostly weaker.

The dollar’s price action was a mixed bag of nuts, as overall risk aversion got mixed in with dollar weakness from the previous session. What’s up with that?!

The Greenback had a rough day as stock indices and bond yields sank on weaker hopes of seeing a healthcare overhaul and tax reform from the Trump administration within the year.

The London session followed the Asian session’s lead, since trading conditions remained relatively tight. The session wasn’t a complete snooze fest, however, since the pound jumped when the U.K.’s services PMI printed an upside surprise.