Market News

The dollar took hits across the board as two GOP Senators announced their opposition to support the current version of the Obamacare replacement.

Net bullish bias on USD deteriorated further, thanks to improving sentiment on CAD. JPY lost even more ground as fresh shorts jumped in, however.

Risk-taking took a step back during the latter part of the U.S. session, allowing the dollar and yen to edge higher while the comdolls returned some gains.

Wonky day in Europe today since CHF outperformed despite signs of risk-taking while GBP tumbled, even though there were no apparent catalysts.

If you’re looking for a quick market catalyst to trade this week, then Australia’s jobs report for June might be a good option. Here’s what’s expected for this event.

Major currencies were all over the place as forex traders priced in mixed risk sentiment ahead of a potentially volatile week.

Konnichiwa, forex friends! It’s been a while since I made an economic roundup for Japan, so I though that now would be a good time to do just that.

Care to guess which currency was the one currency to rule them all this week? (Hint: It’s not the Loonie)

JPY was the best-performing currency of the session, even though there were signs that risk appetite was beginning to win out near the end.

Has this week’s round of FOMC member speeches shed light on key issues? Let’s break down what several members had to say.

The Mundellian trilemma says policy makers can control only two of the three main variables in global finance, but not all three at the same time.

The dollar continued to claw its way back up, while yen crosses extended their weekly rallies ahead of Japan’s three-day weekend.

Fed head honcho Yellen had another testimony, along with a couple of Fed officials, but was still unable to provide much clarity on the timing of rate hikes and the balance sheet runoff.

The euro-bashing continued, although the euro did find support later. NZD and AUD, meanwhile, fought bitterly for the top-spot during the risk-friendly session.

ICYMI, the BOC delivered on a highly-anticipated rate hike yesterday and here are the key highlights that you need to know about.

Yellen’s not-so-hawkish tone and China’s strong trade numbers both contributed to a risk-friendly environment…for equities.

It’s a rate hike, fellas! Loonie bulls charged upon seeing a hawkish decision by the Bank of Canada, followed by upbeat statements during the presser.

Trading conditions tightened a bit but there was still enough action to keep the session lively since GBP was in recovery mode while CAD slipped.

If you’re looking for some post-Yellen Greenback action, then heads up because the U.S. retail sales and CPI reports are set for release this Friday.

Positioning ahead of Yellen’s testimony weighed on the dollar while iron ore prices pushed the Aussie higher.