Pip Diddy

Today’s morning London forex session was another risk-on trading session, so the lower-yielding currencies got slapped around by the higher-yielding ones yet again.

A pretty mixed session for forex traders, positive reports fuelled risk appetite while China’s equities got weighed down ahead of key releases.

There wasn’t much in the way of top-tier economic reports during the New York trading session, leaving traders to speculate about Fed action and the upcoming Doha meeting.

The forex calendar for Monday’s morning London session only had one mid-tier item on the docket, but there was a lot of action, as forex traders turned mainly to risk sentiment for direction.

Forex traders started the week on a mixed note, as economic reports failed to produce a single economic theme throughout the session.

The Loonie was one of the biggest winners last Friday, thanks to crude oil price gains and upbeat Canadian jobs data.

The forex trading week has come and gone, and this week was all was all about the Japanese yen’s total domination. So, what was fueling demand for the yen?

We had another very choppy morning London forex session today, with the Loonie being the only real mover. The pound’s also worth mentioning, though, since pound pairs had almost exactly the same forex price action.

Asian session traders followed the footsteps of their U.S. session counterparts and continued selling higher-yielding currencies. Check out the winners and losers of the session!

Forex junkies weren’t in the mood to take on more risk, as central bank officials talked of currency intervention and more aggressive easing measures.