Pip Diddy

Price action was a bit choppy during today’s morning London session, but forex traders seem to be taking cues from risk sentiment and commodities for the most part, with the higher-yielding currencies getting kicked lower again.

With our Japanese friends still out on a holiday, Asian session forex traders mainly extended the moves from the U.S. session.

With no major U.S. reports on deck, the Greenback grabbed the opportunity to regain a bit of lost ground against its forex counterparts, especially the commodity currencies.

Risk aversion was the name of the game during today’s morning London session, so the safe-havens curb-stomped the higher-yielders, especially the comdolls. The pound, meanwhile, was kicked lower because of a very poor manufacturing PMI reading.

Japan’s markets may be out on a holiday, but the RBA provided the opportunity for forex traders to see some volatility during the Asian session.

The weaker than expected ISM manufacturing PMI reading weighed on the dollar’s performance even though several components showed improvements. Here’s what you need to know.

Today may be a Monday, but there was plenty of action during today’s morning London session, as forex traders turned mainly to risk sentiment and commodities for direction.

Trading volatility was as tight as Captain America’s shirtsleeves during the Asian session, as a lack of fresh catalysts kept most forex traders in the sidelines.

The Greenback’s performance was as mixed as a bag of M&Ms while the Japanese yen continued to reign supreme against its forex peers in Friday’s New York session.

The Japanese yen demolished its forex rivals this week while the Aussie got the stuffing beaten out of it. So, why was the Japanese yen so strong while the Aussie was so weak? Time to find out!