Pip Diddy

Mixed economic reports prevented the Greenback from establishing a clear direction, leaving the euro to steal the spotlight when a couple of ECB officials started talking.

Price action was kinda choppy on most pairs during today’s morning London session. However, the pound got a bullish infusion late into the session, thanks to an unexpected move from a BOE official. Can you guess who and what he or she did?

It was a busy trading session for forex traders, as a couple of tier 1 economic events and reports pushed major currencies all over the charts. Here’s what you need to know!

Profit-taking was the name of the game in the U.S. session as the Greenback got heavily dumped even after the Fed hiked interest rates as expected.

Today was another relatively subdued morning London session, probably because forex traders are bracing themselves for the upcoming FOMC statement. The pound was clearly on the move, though, apparently because of the disappointing jobs report.

The dollar inched higher across the board, as Asian session forex traders took profits from their higher-yielding bets ahead of the FOMC statement due in a few hours.

The Greenback seems to be warming up for the FOMC announcement this week, as it edged slightly higher against its peers on upbeat inflation data.

Nothing really major on the docket for today’s morning London session, so forex price action was relatively subdued. Both the pound and the euro were clearly under bearish pressure, though.

With a lot of top-tier reports coming up this week, Asian session forex traders mostly kept calm and carried on while pricing in a couple of lower-tier economic releases.

There wasn’t much going on in the U.S. economic calendar so New York session traders turned their attention to the developing stories in Europe.