Market News

Price action was rather choppy, but the Kiwi was able to edge out a victory against its peers. The pound, meanwhile, tossed and turned after the U.K.’s services PMI was released. However, sellers ultimately prevailed and sent the pound to the bottom of the heap.

European stocks jumped on Thursday as investors bought back into risky assets as concerns over trade tensions ebbed.

It’s the first week of the month, which means we’ve got another NFP report coming our way this Friday. And as usual, I’ve got another edition of my Event Preview to help y’all get up to speed.

Oil prices buoyed by a surprise drawdown in crude stockpiles and an easing of trade tensions.

Chinese and Hong Kong markets were out on holiday today, so Asian session forex traders mostly took cues from the previous trading session.

Tensions are heating up between the U.S. and China as the latter released another batch of higher tariffs on U.S. products like soybeans, frozen beef, cotton and other key agricultural commodities.

Oil edged higher and stocks on Wall Street recouped steep initial losses on Wednesday.

U.S. services sector activity slowed in March, while private employers maintained a brisk pace of hiring.

Oil hit a two-week low on Wednesday after China said it would impose tariffs on a number of U.S. goods.

Falling bond yields and risk aversion aplenty allowed the yen to dominate its peers. The U.K.’s disappointing PMI report, meanwhile, apparently enticed pound bears to come charging in.

China quickly hit back on Wednesday at Trump administration plans to slap tariffs on Chinese goods.

Losses on European exchanges steepened on Wednesday after China unveiled new tariffs against U.S. products, increasing concerns of an escalating trade standoff between the two countries.

Aussie traders shrugged off a weak building approvals and Chinese PMI report. Meanwhile, the plot just thickened for the U.S.-China trade war.

China condemned the United States on Wednesday as the Trump administration pushed ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent countermeasures in the escalating trade dispute.

A bit of risk-taking returned during the New York trading session, allowing the Canadian dollar to hold on to its gains and forcing the yen to fall back. 

Gold prices fell on Tuesday as U.S. stock markets stabilized, Easing fears of a deeper selloff, and the dollar strengthened, Making bullion more expensive for users of other currencies.

John Williams, the genial president of the Federal Reserve Bank of San Francisco and a top monetary economist, was promoted on Tuesday to head the New York Fed in a politically explosive decision that has been criticized for ignoring more diverse candidates.

Oil steadied on Tuesday, after the price posted its biggest one-day fall in almost a year the previous day, although higher Russian output and Saudi Arabia possibly cutting its selling prices acted as a drag.

There were plenty of themes that were playing out during the morning London session. And the ones that really stood out was the Loonie’s domination, the Greenback’s broad-based recovery, and the Swissy’s poor performance.

European stocks tumbled on Tuesday as investors entered the second quarter in a febrile atmosphere of trade tensions and mounting pressure on big technology companies.