Pip Diddy

Pound domination was the name of the game during today’s morning London session. The Greenback, meanwhile, got kicked broadly lower.

Pound domination was the name of the game during today’s morning London session. The pound did have some trouble against the higher yielding Aussie and Kiwi, though. The Greenback, meanwhile, got kicked broadly lower.

Forex price action was a mixed bag of nuts, as Japan’s trade data, Australia’s inflation numbers, and a spillover from Wall Street’s rally kept Asian session traders busy.

The pound went on a wild ride during today’s morning London session, thanks to the U.K. Supreme Court’s ruling. However, the pound ultimately ended up lower against all its peers.

Another one bites the dust! Dollar bears continued partying in the pip streets even as Asian bourses ended the session with mixed results.

No data? No problem! Major pairs were still able to enjoy a bit of action during the New York session but unfortunately for the dollar, Treasury Secretary Mnuchin was a downer.

There wasn’t really anything major on the docket for today’s morning London session, so price action was choppy. However, forex traders apparently turned to the commodities rally for direction, since the Aussie and the Kiwi got bid higher.

It was a bloodbath for the dollar today, as Asian session traders priced in their jitters over Trump’s “America First” policies.

The Loonie got whupped hard this week while the pound had a reversal of fortune and ended up as the one currency to rule them all. So, what was driving forex price action on these currencies? And how did the other currencies fare?

Price action on most pairs was rather choppy during the session, as traders waited for Trump’s inauguration. However, the Greenback was clearly in recovery mode after yesterday’s slide. Meanwhile, the Kiwi was broadly under bearish pressure.