Pip Diddy

Weak U.S. data forced the Greenback to retreat while the Loonie continued to advance despite weaker oil prices. What’s up with that?

Volatility was mostly tight in London session trade, but we did see sellers continue to control Sterling and buyers hop back into the comdolls amidst a light morning of news.

Forex trading was a mixed bag of nuts, as a lack of news reports inspired choppy price action. Here are the top movers of the Asian session!

Looks like Loonie strength is this week’s main strength, given that half of the Top 10 Movers of the week are Loonie pairs. So, what was driving forex price action on the Loonie and the other currencies this week?

It was mainly about risk-taking during Friday’s London session, so the higher-yielding Aussie got lots of love while the safe-haven yen got scorned. The pound, meanwhile, got a lift from BOE Carney’s rhetoric.

The dollar was all over the place, as a bit of risk appetite got mixed in with more dollar strength. Here’s what was up during the Asian session!

Profit-taking was the name of the game in the U.S. session as the Greenback returned some of its recent wins to its rivals.

There was some rather wonky price action during the morning London session, as safe-haven currencies retreated while the higher-yielders advanced, even though risk aversion appeared to be the dominant sentiment.

The dollar’s price action was a mixed bag of nuts, as it lost pips to the European and fellow low-yielding currencies but gained a few on the comdolls. What’s up with that?!

The Greenback tossed and turned upon seeing the FOMC meeting minutes, but eventually ended up higher on stronger Fed rate hike expectations.