Market News

Oil fell more than 1 percent on concerns over rising U.S. production and as equities fell, erasing earlier gains driven in part by the firing of U.S. Secretary of State Rex Tillerson.

The dollar fell against most major currencies on Tuesday after U.S. inflation data for February was in line with expectations, suggesting the Federal Reserve remained on track to raise interest rates at a gradual pace.

Oil rose after Donald Trump fired Secretary of State Rex Tillerson on Tuesday, sparking a dollar fall and concern that a deal on Iran’s nuclear program could collapse.

Britain’s sluggish economy looks set for more weak growth stretching out over the next five years, according to official forecasts announced by finance minister Philip Hammond on Tuesday as the country heads for Brexit.

U.S. consumer price growth slowed in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.

There was plenty of volatility during the morning London session. However, directional movement was a bit lacking, so price action was rather choppy for the most part. Yen pairs were an exemption, though, since the yen took more hits and extended its losses.

World shares inched higher on Tuesday, eking out limited gains as investors kept a wary eye on a U.S. inflation reading later in the day that could offer clues on the pace of Federal Reserve interest rate hikes this year.

Can’t get enough of volatility this week? Let’s take a look at the upcoming U.S. retail sales report and see if you can get pips from the release.

There were no top-tier reports printed during the Asian session, so forex traders focused on taking a bit more risk across the board.

Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering, a government official with direct knowledge of the matter said.

U.S. session traders still seemed to be in a groggy mood after clocks were turned back an hour, leaving forex price action subdued as well. 

The forex calendar for today’s morning London session was rather sparse. Even so, there was enough action to keep the session interesting, since the euro got kicked broadly lower while the Greenback staged a broad-based recovery.

Oil prices fell on Monday on expectations that U.S. output will rise this year, erasing earlier gains buoyed by lower weekly U.S. rig counts and falling U.S. unemployment.

World stocks surged to a two-week high on Monday after strong U.S. jobs data at the end of last week helped take the edge off investors’ concerns about the potential outbreak of trade war between the United States and other major economies.

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.

The dollar’s price action was a mixed bag of nuts as NFP shenanigans got mixed in with geopolitical news. What catalysts can move the Greenback this week?

Last week Loonie bulls and bears took their cues from top-tier Canadian reports and news from Trump’s administration. Which catalysts can influence the comdoll this week?

Unlike its European buddies, the pound was one of the better-performing currencies in the previous week, thanks mostly to upbeat data and fading Brexit concerns.

There was no major economic report printed during the Asian session, so traders focused on pricing in last week’s NFP report and Trump’s not-so-inflexible tariff plans.

Both the euro and the franc were at the bottom of the forex pile last week. Will the upcoming set of catalysts be enough to spur a rebound?