Overnight Position

The yen just steamrolled its forex rivals this week. Meanwhile, the Greenback got whupped, since it lost out to everything else. So, what was driving price action on these currencies? And how did the other currencies fare this week? Well, time to find out!

Trading conditions were rather choppy during today’s morning London session, with many pairs trading sideways. The pound was clearly under bearish pressure, though, supposedly because of a leaked memo related to Brexit.

With several similarities to forex trading, it’s no surprise that CFDs have garnered a lot of interest among our readers. Let’s compare the two, shall we?

The main theme for the trading week was Aussie domination. As for secondary themes, we’ve got pound and Greenback weakness, as well as yet another strong week for the yen. So, what was driving forex price action?