Pip Diddy

Risk aversion was the name of the game during the Asian session, as central bank events and weaknesses in commodity prices inspired caution among forex traders.

With no major reports on deck, forex traders turned to the OPEC monthly oil report and crude oil prices for market clues. Here’s what happened.

Not much on the docket, but today’s morning London session was rather lively, as forex traders turned mainly to risk appetite for direction. Although monetary policy divergence seems to have been in play as well.

Forex trading was as tight as Cyclopip’s pants during the Asian session, thanks to a lack of catalysts and traders gearing up for a potentially volatile week ahead.

Is risk back on? Higher-yielding currencies outpaced their safe-haven forex rivals on Friday, despite downbeat jobs data from Canada.

The forex trading week has come and gone, and we had Kiwi weakness as the main theme this week. Interestingly enough, we also had yen and Greenback weakness as minor themes, together with euro strength and another strong performance from the Aussie.

Today’s morning London forex session was rather subdued, with most currency pairs bound in tight ranges or moving at a grinding a pace. Euro and pound pairs were on the move, though.

Forex trading was a mixed bag of nuts, as risk aversion got mixed in with end-of-week profit-taking. Which currencies showed the most movement?

Just when it seemed as though the euro was in for a deeper forex selloff, the ECB press conference took place and triggered a massive reversal. What in the world did Draghi say?!

The ECB more than delivered on the highly anticipated easing measures during today’s morning London forex session. As a result, forex traders hurled the euro off a cliff. The euro wasn’t the only victim, however, since the Swissy was kicked lower across the board as well.