Pip Diddy

Price action was pretty choppy during today’s morning London session, with many currency pairs trading sideways. The only clear exception was the sinking euro, although the Greenback also showed some signs of demand.

A pretty productive day for risk-takers, as a string of positive news all contributed an overall risk-friendly forex trading environment.

No data? No problem! Major pairs still had a pretty eventful day even though there were no major reports on deck.

The forex calendar for today’s morning London session was a bit light, so forex traders turned mainly to risk sentiment for cues. The risk-on mood didn’t seem to dampen demand for the safe-haven yen and the Greenback, though.

A pretty eventful session for the major currencies, as forex traders priced in a couple of potential catalysts for the next trading sessions. Here’s what’s up!

It wasn’t much of a manic Monday for New York session traders as U.S. banks were closed in observance of Columbus Day while Canada celebrated Thanksgiving.

There were only low-tier items on the docket today, so forex traders turned mainly to commodities and risk sentiment for direction. The pound, meanwhile, recovered a bit more from last week’s plunge.

Forex trading was a mixed bag of nuts during the Asian session, as a lack of economic catalysts sent the major currencies all over the charts.

Pound weakness was the dominant theme this week, although Greenback strength was also a major theme. So, what was driving forex price action? And how did the other currencies fare this week?

It’s another NFP Friday so some currency pairs ended up trading sideways while others had choppy price action, as forex traders started hunkering down. The looming NFP report didn’t stop forex traders from pushing down the pound, though.