Market News

Forex volatility was limited during the Asian session, as traders stay in the sidelines ahead of the much-awaited FOMC statement.

Gold held to a narrow range on Wednesday, with investors in a wait-and-see mode ahead of the outcome of a two-day U.S. Federal Reserve meeting that began on Tuesday.

Booming shipments of cars and electronics in August drove up Japan’s exports at the fastest pace in nearly four years, further evidence that overseas demand is strong enough to support healthy economic growth.

The majors seem to have reached for that extra cup of coffee during the New York trading session as price action was a little more jumpy than usual.

Price action was choppy during the session. Even so, there was some action since GBP and CHF were in a race to the bottom. EUR, meanwhile, found sellers later because of rumors.

Pledges to spend on education and child care and revise the pacifist constitution are likely to be pillars of Japanese Prime Minister Shinzo Abe’s campaign in a snap election next month, government sources said on Tuesday.

The dollar hit an eight-week high against the yen on Tuesday as U.S. central bank policymakers meet to discuss further monetary tightening, with renewed calm over North Korea easing demand for perceived safe havens.

Oil prices traded close to five-month highs on Tuesday after fresh data showed key Middle Eastern producers continued to cut supply in line with an OPEC-led deal aimed at ending a crude glut.

Another week, another opportunity at trading the news! Here are major points you need to know to take advantage of New Zealand’s Q2 GDP release.

Record-high world stocks braked and the dollar dipped on Tuesday ahead of a two-day meeting of the Federal Reserve after which it is expected to detail plans to shrink its balance sheet and gradually keep lifting U.S. interest rates.

Sterling steadied above $1.35 on Tuesday, recovering some ground following a nearly 1 percent slide after Bank of England governor Mark Carney said interest rates rises in coming months would be limited and gradual.

The yen lost a couple more pips against its major counterparts while the Greenback saw mixed price action ahead of the September FOMC statement.

The dollar held steady at near 8-week highs versus the yen on Tuesday, with investors awaiting the Federal Reserve’s policy statement this week.

The latest COT report shows that positioning activity was mixed. However, the Greenback did lose ground mainly to GBP and JPY.

The pound and the Loonie pulled back from their recent rallies when BOE head honcho Carney and BOC policymaker Lane gave their testimonies. Here’s what they had to say.

GBP retreated during the session, as BOE Guv’nah Carney’s speech loomed. CHF, meanwhile, was in demand despite the risk-on vibes.

If there’s anything we learned from last week’s BOE announcement, it’s that central bank events can definitely rock the forex boat. And that’s why I’ve got a quick rundown of upcoming ones for y’all!

Not a lot of data on the docket today, but that didn’t stop Asian session traders from buying up high-yielding currencies!

Since the another FOMC statement is coming up this week, I thought that now would be a good time to give y’all an overview on how the U.S. economy is doing recently.

Pound domination and yen weakness were the main themes this week. So, what drove forex price action? And what about the other currencies? How did they fare this week?