Pip Diddy

Geronimoooooo!!! The pound was the biggest loser in today’s Asian session trading, as it fell to record lows against its major counterparts in just a few minutes.

The Greenback continued to advance across the board as traders are keeping their fingers tightly crossed for an upside NFP surprise while the pound reacted violently to Hollande’s remarks.

Price action was rather choppy during today’s morning London forex session, with many currency pairs trading sideways. Nevertheless, we got some directional movement from the pound and the Swissy.

Risk aversion was the name of the game during the Asian session, as forex traders take profits from their positions from the last couple of days.

The Japanese yen continued to bleed while the Greenback edged slightly higher, supported by mostly stronger than expected U.S. economic data.

Most commodities were in rally mode during the morning London session, so the Aussie and the Kiwi just shrugged off the risk-off vibes. The pound, meanwhile, gained some poise after tumbling earlier.

Forex price action was a mixed bag of nuts, as the lack of strong catalysts inspired traders to price in small headlines. Here’s what’s up!

Euro pairs jumped after hearing about the idea of QE tapering from unnamed central bank officials. What’s that all about?

Risk-taking was the name of the game during today’s morning London session, so the higher-yielders were well-supported while the safe-havens suffered. Meanwhile, the pound continued to show weakness on renewed Brexit jitters.

The yen and the Aussie were the stars of today’s Asian session show, as the former weakened across the board while the latter priced in the RBA’s statement.