Pip Diddy

Forex price action during today’s morning London session was rather choppy, but forex traders were likely taking most of their cues from the prevailing risk-on sentiment. The Kiwi’s wonky price action seems to be the exception, though.

Forex price action was as exciting as watching water boil, as a lack of catalysts kept the major currencies locked in tight ranges.

After making strong moves earlier in the day, forex price action calmed down during the New York session as only medium-tier reports were released.

The FOMC hangover persisted into today’s morning London session, with the euro, the Swissy, and possibly the pound being the main beneficiaries. Risk aversion was also apparently in play, however.

Risk appetite dominated the Asian forex trading session, as traders took their cues from yesterday’s FOMC statement.

Geronimo! The FOMC pulled the rug from under the Greenback’s forex legs when their statement turned out to be less hawkish than expected.

Today’s morning London forex session was rather peaceful, as forex traders hunkered down ahead of U.S. inflation readings and the FOMC policy statement and press conference for later. Is this the calm before the storm?

Ho-hum. A pretty quiet session for the forex traders, as Asian session players wait for the FOMC event before committing to any positions.

Data from the U.S. economy came in as mixed as a bag of M&Ms, but the Greenback managed to end higher against most of its forex peers.

There were no top-tier reports during today’s morning London forex session, so traders turned once more to market sentiment and commodities for direction.