Market News

My global network of spies have been giving me a lot of intel on unregulated entities and potentially fraudulent activity in the financial markets, so I’ve rounded ’em up to help y’all stay safe.

The Trump administration unveiled its highly-anticipated tax reform plan yet dollar pairs ended the session mostly unchanged and U.S. stock indices closed in the red.

The pound and the yen battled for supremacy during the morning London session. Meanwhile, the euro steadily bled out during course of the session.

Hello, forex chaps! The U.K. will be releasing its GDP report this Friday. There’s therefore a good chance that the pound mat get a volatility boost. And if you’re planning to trade this top-tier report, then you better gear up by reading up on today’s Forex Preview.

The Aussie took some hits during the Asian session after Australia’s headline CPI reports missed expectations. Details of the report, however, don’t bad enough to influence the RBA’s biases.

Just when it seemed as though the weekend gaps were about to get filled, yen pairs resumed their climb to show that risk-on traders are in control. Meanwhile, the Loonie was dragged down as Trump turned his tirade on the Canadian dairy industry.

Today’s early European session was another steady session. Aussie and the Kiwi pairs were an exception, though, since both the Aussie and the Kiwi got dumped at the start of the session. Meanwhile, the pound was range-bound for the most part but got buyers near the end.

Because France’s Presidential elections is so yesterday, traders are now looking for the next market catalysts. How about the two policy decisions and two central banker speeches scheduled this week?

The Canadian dollar did a Ke$ha during the Asian session as it went down and while forex traders yelled “timber!” What’s up with that?!

Large speculators slightly boosted their net favorable bets on the Greenback. However, the latest COT report shows that positioning activity was a mixed bag of nuts. Interestingly enough, pound bears added to their bets, which means they weren’t scared away by Theresa May’s call for early elections.

A bit of risk aversion peeked back in the markets, allowing the Greenback and yen to advance despite dovish remarks from FOMC member Kashkari.

Today’s morning London session was apparently a consolidation period, since most currency pairs ended up trading sideways. The Loonie was on the move, though, and easily gave its peers a good stomping.

The numbers are in and Macron and Le Pen will be battling it out! With less than a couple of weeks to go before the next round of the French elections, I’ve rounded up the things you gotta remember if you’re planning on trading the runoff on May 7.

Thanks to a combination of Macron lead in France’s first round of Presidential elections, low liquidity, and a bit of short squeeze, the euro ended up on top during the Asian session. Here’s what’s up!

Hello, forex friends! It’s been a while since I did an economic roundup for the Euro Zone. And since there’s gonna be an ECB statement this Thursday, I though that now would be an opportune time to make one. And here it is.

The mighty pound crushed all opposition this week, with the Loonie getting the worst of it. Almost everybody already knows why the pound ended up as the one currency to rule them all, but why was the Loonie so weak? And how did the other currencies fare this week, by the way? Time to find out!

The euro and the pound were battling for the (dis)honor of being the worst-performing currency of the morning London session. Meanwhile, the safe-haven yen got some buyers, very likely because of the jitters ahead of the French Presidential elections. Although the fall in bond yields may have been a factor as well.

It might have been a light and shortened trading week for us, but it sure wasn’t a snoozer thanks to these central banker and other policymaker speeches! Did you miss any of them?

Dollar domination and a bit of risk aversion pushed higher-yielding currencies lower at the start of the Asian session, but profit-taking soon ensued as forex traders brace for France’s Presidential elections this weekend.

Dollar bulls charged back into the markets today after U.S. Treasury Secretary Steven Mnuchin hinted that a “major tax reform” will be announced “very soon.”