Market News

Ready for more forex volatility? Here are a couple of points you should know if you’re planning on trading RBNZ’s policy decision and presser this week.

Today’s Asian session was rather quiet, with most currency pairs contently milling about in tight ranges. Aussie pairs and Kiwi pairs were an exception, though, since the two currencies were in a race to the bottom, with the Aussie ultimately winning the (dis)honor of being the weakest currency of the session.

Large speculators slashed the value of their net long bets on the Greenback, but the latest COT forex positioning report reveals that positioning activity was mixed yet again, although the Greenback did lose a rather large chunk of ground to the euro.

Word on Wall Street is that financial deregulation is next on the Trump administration’s agenda, lifting the Nasdaq to a new record high and allowing dollar bulls to charge.

The euro pulled away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel.

The euro extended its losses during today’s morning London session, with the Swiss franc following suit. Meanwhile, the risk-off vibes in Europe likely gave the safe-haven yen a boost.

In case you’re wondering what’s keeping the Aussie in a sour mood recently, I’ve listed five reasons that might explain this behavior. Do you think this could go on for a while?

Macron’s victory in the French Presidential elections over the weekend gave the higher-yielding Kiwi a boost and caused the pound to weaken and the euro to gap higher, although those gaps later got filled.

Last week’s themes of euro domination and yen bashing continued to play out this week, with Aussie weakness as a new theme. What drove price action on these currencies? And how about the other currencies? How did they fare this week? Time to find out!

The April NFP report printed an upside surprise and so the Greenback tanked as a result. Wait, what? Yep, that’s right! Looks like it’s time for another quick review on what went down and caused the Greenback to tank.

The Aussie and the yen had a reversal of fortunes during the morning London session. Specifically, the Aussie, one of the big losers of the Asian session, managed to stage a recovery. Meanwhile, the yen, which was the top dog of the previous session, ended up at the bottom.

After months of speculation, France will finally elect its next leader this weekend. What are market players saying and how can you trade the event? Here’s a quick 411.

The Aussie got another old-fashioned beat-down during today’s Asian session, thanks to yet another drop in iron ore prices. The Loonie got a beating, too, likely because oil extended its losses. The prevalence of risk aversion, meanwhile, gave the safe-haven yen a bullish boost.

The dollar shrugged off upbeat economic reports and the fact that the healthcare bill made it through Congress as it returned most of its post-FOMC gains to its peers.

The European currencies fought bitterly for the honor of being the one currency to rule them all during the session, with the euro ultimately emerging victorious. Meanwhile, yen bulls got roasted as the risk-on vibes applied some bearish BBQ sauce, er, I meant pressure on the yen.

If you somehow missed it, the Fed released its official FOMC press statement yesterday, causing the Greenback to jump higher across the board. And if you’re wondering what’s up with that, then here are the 5 highlights of the May FOMC statement that you need to know about.

Price action was rather muted during today’s Asia session, although the Aussie was an exception yet again since it was broadly sliding lower. This time, however, the Kiwi decided to join the Aussie in its misery.

After seeing a bit of a rebound in March, volumes ticked mostly lower in April once more as uncertainty returned to the financial markets. Think we’ll see a continuation of this behavior in May?

The Greenback must be enjoying Star Wars day as the bullish Force was stronger after the Fed stayed confident about their upbeat economic outlook while the U.S. economy printed strong leading jobs indicators.

As I have shared recently, the Canadian dollar is following oil prices lower (and we are expecting a fall in WTI to the mid-30’s).