U.S. Session Forex Recap – Feb. 3, 2017
The Greenback was off to a shaky start but it made a pretty solid comeback during the latter half of the New York session as traders priced in NFP expectations.
Read MoreThe Greenback was off to a shaky start but it made a pretty solid comeback during the latter half of the New York session as traders priced in NFP expectations.
Read MoreThe pound was under the spotlight during today’s morning London session, thanks mainly to the BOE statement. Although “hot seat” would probably be more accurate since the pound tanked across the board. Other than that, another round of Greenback selling was also a major theme.
Read MoreRisk aversion was the name of the game during the Asian session, as traders priced in a couple of bearish news. What happened during the session anyway?
Read MoreNot even upbeat U.S. data or Beyoncé’s pregnancy announcement was enough to boost the Greenback’s spirits as dollar bulls seemed disappointed with the FOMC statement.
Read MorePrice action was relatively muted during today’s morning London session, as forex traders waited for the FOMC statement. It’s wasn’t a complete snooze fest, though, since the Greenback resumed its broad-based slide while the pound got a bullish boost across the board.
Read MoreThe New Zealand dollar took more hits on the back of a weak jobs report, while the yen slipped back a bit against its higher-yielding counterparts on a recovery from USD/JPY.
Read MoreAnother day, another selloff! The Greenback ended the day in the red against its rivals once more as economic data came in mostly weaker than expected.
Read MoreThe euro was the king of pips (or queen if you like) during today’s morning London session. Meanwhile, the pound and the Greenback were both under bearish pressure.
Read MoreThe low-yielding yen gained ground across the board on the back of overall risk aversion and a not-so-dovish BOJ statement.
Read MoreThe Greenback couldn’t make up its mind where to go, as it was pushed and pulled by sliding equities and bond yield speculations ahead of major central bank events.
Read MoreWhen I was 5 years old, my mother always told me that happiness was the key to life. When I went to school, they asked me what I wanted to be when I grew up. I wrote down “happy”. They told me I didn’t understand the assignment, and I told them they didn’t understand life.John Lennon