Market News

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

The Loonie was the weakest currency last week, and that’s AFTER the BOC hiked rates as expected. Will this lead to more losses this week?

The U.S. government shutdown factored greatly into the Greenback’s price action last week. Will this continue to dictate the dollar’s price action this week?

There were no major economic reports printed during the Asian session, so traders only had the U.S. government shutdown to price in. So why did the dollar RISE?

A cargo of U.S. soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain, participants said on Monday.

A U.S. government shutdown will enter its third day on Monday as Senate negotiators failed to reach agreement late on Sunday to restore federal spending authority and deal with demands from Democrats that young “Dreamers” be protected from deportation.

Not even a couple of downbeat reports were enough to keep the pound from being the second-strongest currency last week, but can it keep up its good streak with this week’s catalysts?

Political updates from Germany and a few remarks from ECB officials pushed the shared currency around last week, and progress in coalition talks led to weekend gaps. But will the ECB steal the show later on? 

The yen took directional cues from risk appetite and bond yields last week. Will this week’s BOJ policy decision and Japan’s CPI release give it its own rhythm this week?

Last week Kiwi took cues from risk appetite for direction. Will this week’s CPI report change all that for the bulls and bears?

The Aussie was on track as the biggest gainer last week despite trading without a clear direction. Will it get the attention of bulls and bears this week?

Germany’s Social Democrats (SPD) voted on Sunday to begin formal coalition talks with Chancellor Angela Merkel’s conservatives, moving Europe’s economic powerhouse one step closer to a stable government after months of political deadlock.

The dollar held steady above a three-year low versus a basket of currencies on Friday, marking a fifth week of falls and its longest losing streak since May 2015 as worries over a possible U.S. government shutdown weighed. On Thursday, the U.S. House of Representatives passed a bill to fund government operations through to Feb. …

President Donald Trump and the U.S. Congress are racing to meet a midnight Friday deadline to pass a short-term bill to keep the U.S. government open and prevent agencies from shutting down.

GBP was kicked lower after the U.K.’s disappointing retail sales report was released. USD, meanwhile, staged a broad-based recovery, likely because of short-covering after U.S. government shutdown worries sent USD lower.

With no major economic report, Asian session traders focused on a possible U.S. government shutdown. Meanwhile, weaker oil prices dragged the Loonie lower.

Legislation to stave off an imminent federal government shutdown encountered obstacles in the U.S. Senate late on Thursday, despite the passage of a month-long funding bill by the House of Representatives hours earlier.

The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

Oil prices dropped more than 1 percent on Friday as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.

U.S. House Republicans said late on Thursday they had made progress toward passing a short-term extension of government funding to avert a politically embarrassing shutdown.