Pip Diddy

Ho-hum. Forex price action was a mixed bag of nuts, as a lack of catalysts failed to produce strong intraday trends for the major currencies.

Another mixed day for the Greenback as U.S. economic data simply came in line with expectations while the Loonie lost a lot of ground on weak reports and crude oil news.

Today’s morning London session had plenty of action, with the pound getting hit by poor data, the yen weighed down by returning risk appetite, the Greenback happily extending its rally, and the euro in recovery mode.

Risk aversion was the name of the game during the Asian forex trading session, though comdolls like the Aussie and Kiwi snagged a pip or two (or twenty) from bullish, currency-specific news.

The U.S. dollar chalked up another mixed performance against its peers while the Japanese yen took advantage of the risk-off vibes.

Many currency pairs were range-bound during today’s morning London session. However, the prevalence of risk aversion apparently spurred demand for the safe-haven yen. The euro, meanwhile, extended its losses from the earlier session.

Whether it’s due to Super Bowl or uncertainty over the week ahead, forex price action barely saw action during the Asian session. Here’s what’s up!

The yen & the pound had a reversal of fortunes this week, since the yen ended up being the one currency to rule them all while the pound ended up at the very bottom. What happened? And how did the other currencies fare?

Today is another NFP Friday, so volatility was in short supply, with many currency pairs milling about in tight ranges. The major European currencies had some directional movement, though, and they all showed weakness, particularly the safe-haven Swissy.

Forex price action was as exciting as watching paint dry, as traders stayed in the sidelines ahead of the much-awaited NFP report.