Market News

It’s NFP week and you know what that means – Canada will also print its jobs report! How can you trade the release anyway?

Aussie traders shrugged off the RBA’s news in favor of pricing in a positive manufacturing report. Meanwhile, the low-yielding franc gave up pips on a bit of profit-taking from yesterday’s selloffs.

The COT forex positioning report reveals that large players favored the other currencies at the expense of the Greenback, with the euro, the pound, and the yen being particularly favored in Q1 2018.

Australia’s central bank left interest rates at record lows on Tuesday, the longest stretch without a change in almost three decades, and looked set to extend this period of “masterful inaction” for some time yet.

Asian shares slipped on Tuesday amid escalating trade tensions and worries over the fading outlook for global tech giants, but investors held their nerves to focus instead on prospects for stronger world growth.

Commodity currencies took huge hits while the lower-yielding yen enjoyed most of the safe-haven flows as China announced higher tariffs on U.S. goods. U.S. ISM manufacturing PMI down from 60.8 to 59.3 vs. 60.1 forecast U.S. construction spending up 0.1% vs. 0.4% forecast China increased tariffs by up to 25% on 128 U.S. imports Major …

Trading firms are negotiating buying, selling and lending digital currencies like bitcoin and ether over Skype, catering to big investors looking to avoid rocking already volatile online exchanges.

The dollar fell on Monday, dropping versus the yen for a third straight session, as China imposed extra tariffs on U.S. products, escalating a dispute between two of the world’s biggest economies.

The Canadian dollar slipped to an 11-day low against its U.S. counterpart on Monday as escalation of a trade dispute between the world’s biggest economies weighed on global stock markets and oil prices.

The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.

Today’s morning London session was rather calm and there weren’t really any major moves, but CHF and USD are both noteworthy since the former was nudged broadly higher while the latter was on the back foot.

Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran.

Start your trading prep with a quick review of last week’s forex action from my buddy Pip Diddy, an overview of catalysts lined up for the major currencies, and the charts to watch this week.

It’s a brand spankin’ new trading month and you know what that means! It’s NFP week, yo! Check out the catalysts that might rock the dollar this week.

The Loonie shrugged off lower oil prices and a weak Canadian GDP reading to grab one of the top spots last week. Let’s see if this week’s catalysts can change its course!

European markets will be off to a late start this week as most traders are still busy enjoying Easter Monday. However, catalysts lined up could still set longer-term direction.

Can the pound regain its spot in the winners’ circle after a dismal performance? These upcoming catalysts might have some clues!

Global trade war updates got nothing on the forex bulls, as risk-taking prevailed despite China’s pre-emptive strike.

China’s central bank on Monday lifted its official yuan midpoint to 6.2764 per dollar, the strongest level since August 2015, reflecting a solid yuan performance in the previous session.

Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed on Monday, as rising raw materials and labor costs weigh on an otherwise steady economic recovery.