Pip Diddy

Upbeat U.S. data and hawkish FOMC minutes gave the Greenback enough energy to soar higher against its peers, but sterling managed to maintain its lead.

The risk-off vibes dictated forex price action for the most part. However, the pound got a late bullish boost, thanks probably to profit-taking in the wake of the Autumn Forecast Statement.

With our Japanese friends out on a market holiday, Asian session forex traders mostly extended economic themes from the previous sessions. Here’s what’s up!

The Greenback was all over the place as the rallies seemed to fizzle and the U.S. currency settled in its role as counter currency.

Price action was pretty choppy during today’s morning London session, with many pairs trading sideways. However, the pound was clearly on the move. What’s up with that?

Forex traders were deep in Chopsville during the Asian session, as a lack of economic releases prompted traders to track the previous session’s economic themes.

Crude oil and the Canadian dollar were in the limelight, thanks to positive updates from OPEC delegates after their first set of technical talks.

The forex calendar was rather sparse during Monday’s morning London session, so forex traders turned to the risk-on vibes and commodities rally for direction.

With not a lot of data on the docket, Asian session forex traders focused on extending last week’s economic themes. Here’s what’s up!

The Loonie reigned supreme this week, with the Greenback following closely behind. The yen, meanwhile, got bushwhacked yet again. So, what was driving forex price action on these and the other currencies?