Pip Diddy

Trading volatility was as tight as my pants during the Asian session, as a lack of catalysts forced forex traders to turn to yesterday’s events for direction.

The Greenback was in a weak spot against its forex trading rivals when Fed head honcho Janet Yellen reiterated her dovish bias, downplaying the hawkish vibes from other FOMC members’ speeches.

Forex price action during today’s morning London session was a bit wonky, as European market players came back to play after yesterday’s Easter Monday holiday and before Fed Head Yellen’s speech for later.

The return of many Asian session traders from their holidays didn’t bode well for risk-taking, as forex traders bought the Greenback across the board. What’s up with that?!

We finally saw life in the forex markets after a mostly weak set of U.S. data and news hit the first U.S. trading session of the week!

The major European markets were closed for the day due to the Easter Monday holiday, so volatility got sapped during today’s morning London session. There was some directional movement, however, and forex traders were likely turning to risk sentiment for direction.

The Greenback gained a few pips on its counterparts, as Asian forex traders priced in Uncle Sam’s latest GDP report.

Thanks to the latest revision to U.S. Q4 GDP, forex traders got to see a little bit of volatility during the holiday environment on Friday.

Forex volatility picked up a bit in the morning London session, mainly thanks to a slew of mixed data from the U.K., and Sterling’s reaction to it.

Another round of Greenback gains thanks to fresh U.S. housing data and unfavorable inventories data for oil bulls in the U.S. forex session.