Market News

The Kiwi and the Aussie were in retreat during the morning London session while the Swissy was broadly in demand. Strangely enough, there were no direct catalysts for all three currencies, but the risk-off vibes ahead of the FOMC statement may have been a factor.

Heads up! Another NFP report is coming our way this Friday. And if you’re planning to trade this top-tier event and need to get up to speed, then you better gear up by reading on my Forex Preview.

Price action was relatively tight on most pairs during today’s Asian session. The same can’t be said for Aussie pairs, though, since the Aussie was under bearish pressure throughout the session. The pound was also an exception, although pound pairs only began bustin’ the moves later (and without any apparent catalysts).

There wasn’t much in terms of top-tier data from Uncle Sam, so traders turned their attention to other market updates and oil-related remarks from Saudi Arabia.

Today’s morning London session was rather choppy, with many pairs trading sideways throughout the session. However, the pound was a very clear exception since it jumped higher across the board when the U.K.’s manufacturing PMI reading beat expectations.

Looks like not a lot are expecting any changes from the Fed this week. Does that mean that you can’t trade the FOMC statement? Here’s what you need to know.

The Aussie was well-supported for most of the session, although signs of selling pressure began to show up near the end. The yen, meanwhile, was mixed for most of the session, but got kicked lower across the board near the end.

The value of net long bets on the Greenback was nudged slightly lower. And based on the latest COT report, positioning activity was mixed yet again since the Greenback lost ground to the pound, the yen, and the euro while taking ground from everything else, mainly the Loonie.

Despite seeing mostly downbeat U.S. data, the Greenback managed to chalk up some gains against a few rivals while the Aussie and Kiwi staged a strong rebound.

Slow start to May’s European FX trading due to bank holidays, but we did get some currency price action with the Aussie and Kiwi extending its session gains!

Let’s explore four possible reasons why traders have been shrugging off central bank events and putting more focus on other global headlines these days.

Downbeat data printed from China over the weekend led to a weak start for the Aussie and Kiwi but risk appetite eventually allowed them to recover.

G’day, forex mates! Another RBA Statement Tuesday is coming up, so its time to have another roundup of Australia’s major economic reports, especially the ones that the RBA is keeping an eye on.

You probably already know that the euro performed very well this week, but did you also know that the pound did well and that the Kiwi and yen got crushed? Whoa! Four currencies were in play this week? Anyhow, what drove price action on these currencies? And how did the other currencies fare this week?

Volatility in European currencies stepped up thanks to a heavy round of economic data, as well as comments from SNB Chairman Thomas Jordan.

What the heck does the phrase “sell in May and go away” mean and can it translate to forex trade opportunities this year? Here are points that you need to know.

U.S. President Trump seems to be having a temper tantrum, as he threw shade on several trade partners and warned about a major conflict with North Korea, taking the spotlight away from the Japanese data dump.

ECB Governor Draghi continued to hog the spotlight during the New York session as his dovish tone on inflation forced the euro to return its recent gains.

Volatility was a bit subdued during today’s morning London session, likely because traders are waiting for the ECB’s presser. Even so, there was enough action to keep the session interesting since pound and Kiwi pairs were on the move.

The U.K. ain’t the only one with a GDP report scheduled for release tomorrow, since the advanced reading for Q1 2017 U.S. GDP will be revealed tomorrow as well, so read up if you want to get up to speed on this top-tier report as well.