Pip Diddy

Risk appetite returned during today’s morning London session, so the safe-haven yen got whipped. The pound, meanwhile, got a double boost from upbeat jobs data and a report from the BOE.

With barely any economic reports on the docket, forex traders turned to the Asian bourses for risk sentiment. Here are the major market movers of the session!

Risk aversion peeked back in the financial markets as commodity prices looked weaker and the IMF cut its growth forecasts once more.

Brexit-related reports and updates were weighing down on the pound during the morning London session, while the risk-off mood likely drove safe-haven flows to the Greenback. The Kiwi, meanwhile, was marching higher to the beat of its own drummer.

Forex price action was as tight as my new pants, as a lack of major economic releases kept forex traders in the sidelines.

Despite the lack of top-tier economic releases, the Greenback was able to rake in gains against some of its counterparts thanks to strong rallies in the U.S. equity market.

Today’s a Monday and the forex calendar for the session was practically empty, so price action was rather tight during today’s morning London session. There was good two-way action on pound pairs, though.

Ho-hum. With no major economic reports on tap and Japan’s markets out on a holiday, forex trading turned out to be a mixed bag of beans.

The pound, the yen, and the Kiwi were still in focus last week. But unlike the other week, the pound became this week’s main winner while the Kiwi and the yen became last week’s top losers. So, what caused this reversal of fortune?

We were treated to another choppy morning London session, but the Aussie and the Loonie were clearly in demand during the session, since the two currencies were appreciating against their forex rivals.