Pip Diddy

Commodities were in focus during today’s morning London session, so it goes without saying that the comdolls were in focus, too. The pound, meanwhile, got buoyed by positive U.K. production numbers, but ended the session mixed.

It was a topsy-turvy trading session for forex traders, as they priced in risk sentiment from the previous sessions and a couple of economic reports.

Forex price action during the U.S. session was as exciting as watching K-Stew act since there were no major reports on deck.

Risk appetite was driving forex price action for the most part during the morning London session, although the pound continued getting a boost from anti-Brexit polls while the Swissy rose despite the risk-on environment.

Gains, gains everywhere for the Aussie and the pound! Thanks to a not-so-dovish RBA and an anti-Brexit poll, the two currencies had a good forex trading session.

The Greenback extended its slide against most of its forex peers after Fed Chairperson Janet Yellen seemed to suggest that a June hike is off the table.

Risk appetite made a modest comeback to the markets during the morning London session, thanks to higher commodity prices, so the comdolls were in demand. The pound, meanwhile, was under pressure due to another round of polls that favored a Brexit.

Risk aversion was the name of the game during the Asian forex trading session, as the Brexit campaign gains momentum and the Asian markets reacted to last Friday’s NFP report.

Friday’s New York session turned out to be an absolute carnage for the Greenback as the U.S. NFP report printed dismal results and dashed hopes of a June hike.

Pound weakness was the main theme this trading week, but we’ve also got Greenback weakness and demand for the Kiwi and the yen as secondary themes. So, what was driving forex price action this week?