Market News

Sterling climbed to a three-week high against a broadly weaker euro on Monday, after a cabinet reshuffle alleviated a little of the political uncertainty that has pressured the UK currency in recent months.

Gold edged down on Monday, retreating further from last week’s 3-1/2 month high as the dollar clawed back some ground against the buoyant euro and as traders bet on further increases to U.S. interest rates after Friday’s payrolls data.

JPY rule over all during the morning London session, likely because of the slide in global bond yields, as well as signs that risk appetite was fading away. Meanwhile, EUR extended its slide from the earlier Asian session.

The euro slipped a third of a percent on Monday as investors took profits after a recent rally though currency markets remained bullish about the outlook for the single currency on the backdrop of a strengthening economic recovery.

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

Canada’s impressive employment reports saved the Loonie’s price action last week. What catalysts could move the comdoll this week?

The Greenback has been on a topsy-turvy ride and we’re only just beginning the year. What’s in store for the dollar this week?

With not a lot of data on the docket, Asian session forex players caught up to their U.S. counterparts and priced in a not-so-worrying NFP report.

The dollar inched higher against a basket of major peers on Monday as data showing slower U.S. jobs growth did little to dent expectations for further Federal Reserve interest rate increases this year.

Asian shares crept toward all-time peaks on Monday after Wall Street boasted its best start to a year in over a decade, with brisk economic growth and benign inflation proving a potent cocktail for risk appetites.

It might be a slow week for sterling as the U.K. manufacturing production report is the only piece of data on the docket. Brexit updates could still steal the spotlight, though!

There’s not much in the way of top-tier reports from the euro zone this week, probably leaving the shared currency to take its cue from central bank rhetoric.

Japan won’t be printing any top-tier economic report this week, so we’re taking a look at some reports that could influence risk sentiment.

Not a lot of major forex data due from New Zealand this week. Will this mean more risk sentiment-based trading for the comdoll?

A pretty light week ahead for the Aussie, which only has one major economic report due over the next couple of days. Here are the potential catalysts!

The surging Canadian economy added almost 80,000 jobs in December for the second month in a row, boosting chances the Bank of Canada could hike interest rates in the first quarter of 2018 for what would be the third time in less than a year.

U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

Trading conditions were tight as forex traders hunkered down for the NFP report. The session wasn’t a snooze fest, though, since NZD got nudged higher while JPY dipped, likely because of the risk-on vibes.

Caution ahead of today’s NFP report kept Asian session traders in the sidelines. It didn’t hold back the Aussie bears, though, especially after a surprisingly weak trade report from Australia.

A decision by China’s central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia’s biggest tech firms move money.