Pip Diddy

Price action during today’s morning London session was rather wonky since the euro reigned supreme while the Kiwi floundered, even though risk appetite returned.

Ho-hum. With not a lot of data scheduled today, forex traders had their eyes on risk sentiment and Asian equities price action.

Rally and reverse! The Greenback tossed and turned throughout the New York trading session as economic releases failed to push the currency in a clear direction.

Europe got swamped by another wave of risk aversion, so the safe-haven yen was in demand yet again. Meanwhile, reports about Iran’s refusal to join an oil deal took its toll on oil and the Loonie.

With not a lot of data on the docket, forex traders turned their focus on the first U.S. presidential debate. Read on to see how the markets reacted!

Even though U.S. data came in slightly stronger than expected, it looks like forex junkies are steering clear of U.S. equities and the dollar. Here’s why.

Risk aversion from the earlier session persisted into Monday’s morning London session, so the safe-haven yen got a lot of love from forex traders.

Forex price action was a mixed bag of nuts, as a lack of catalysts got mixed in with last week’s economic themes.

The main theme for the trading week was Aussie domination. As for secondary themes, we’ve got pound and Greenback weakness, as well as yet another strong week for the yen. So, what was driving forex price action?

Today’s morning London session was rather lively. To be more specific, the return of risk aversion buoyed the yen while rumors about an oil deal gave the Loonie a boost. The pound, meanwhile, got kicked lower.