Pip Diddy

Stronger than expected U.S. ISM manufacturing PMI gave dollar bulls hope that the upcoming NFP release could reinforce Fed rate hike expectations.

News that the British government would be starting the process for an actual Brexit by March 2017 was still weighing on the pound during Monday’s morning London session.

Forex price action was a mixed bag of nuts, as traders priced in different headlines from the past couple of days. Read on to see the major market movers!

Trading conditions were pretty tight this week. Still, the yen emerged as the weakest currency so that appears to be the main theme. So, what was driving forex price action?

The Swissy and the euro were in retreat while the higher-yielding comdolls were climbing higher during the session, which is weird because of the risk-off mood.

A pretty busy day for data crunchers, as China, Japan, Australia, and New Zealand all printed economic reports today. How did they affect their respective currencies?

Investors were quick to hit the panic button when news about Deutsche Bank clients withdrawing large sums of money from the German bank hit the airwaves.

There were signs that risk aversion was returning during the session, so the safe-havens were in demand while the comdolls got dumped.

Risk-taking was the name of the game during the Asian session, as forex traders continued to price in the deal between the world’s largest oil producers.

The biggest story for the session was the outcome of the OPEC gathering in Algiers, as market watchers heard of an agreement among the energy ministers.