Market News

The pound was broadly in demand during the session while the euro retreated. Meanwhile, recovering iron ore prices gave the Aussie a bullish boost.

Yesterday, Theresa may triggered Article 50 via a letter. Aside from being a formal notice of the UK’s intention to leave the EU, the letter also outlined how the UK plans to approach the negotiation table. And here are the key takeaways from the letter that you need to keep in mind for the future.

Another day, another snoozer for economic reports. Thanks to a lack of data releases, Asian session forex traders just kept pushing the dollar higher against its counterparts.

Most dollar pairs were stuck in consolidation mode as traders were biting their nails while watching the Brexit happenings but Black Crack was able to sneak in some gains with the latest inventory report.

The promised day has finally arrived and Article 50 of the TEU was triggered. As a result the pound bounced higher while the euro and the Swissy got hammered.

In case you missed it, the Scottish Parliament voted 69-59 in favor of having another Scottish independence referendum. And if you need a quick recap, or maybe you just want the most important details, then today’s write-up is just for you.

With no economic data on tap, Asian session forex traders mostly extended the market themes from the previous trading session. Here’s how the major currencies traded!

The Greenback made a pretty solid comeback on the heels of mostly stronger than expected economic reports, brushing off the setbacks in Washington over the past few days.

Not much on the docket for today’s morning London session. As such, price action on most pairs was rather choppy. The yen was an exception, however, since falling bond yields gave the yen a bullish boost, despite signs of risk-taking in the European equities market.

Last weekend, the OPEC/Non-OPEC production police met in Kuwait to discuss their production deal. What exactly did they talk about?

With virtually no economic data printed during the Asian session, forex players mostly traded the previous session’s developments…before taking them back by the end of the session.

The value of net long bets on the Greenback rose further. However, the latest COT forex positioning report from the CFTC shows that positioning activity was mixed. Moreover, the Greenback gained mainly at the expense of the Loonie.

Dollar bulls are getting their hopes up again for fiscal stimulus and tax reform after the Donald mentioned that he is looking to take another shot at healthcare reform by reaching a compromise with the Democrats.

The pound was broadly in demand during today’s morning London session while the Greenback had a more mixed performance after tumbling during the earlier session.

Looks like the odds weren’t ever in the GOP’s favor these days as the Trump administration failed to repeal Obamacare and replace it with their new healthcare bill. What does this mean for the U.S. economy and the dollar?

The dollar’s bloodbath extended to the Asian session after the Republicans’ “repeal and replace” plans got nixed. Meanwhile, forex traders flocked to the yen amidst the overall risk aversion.

Greetings, forex friends! Now that the major central banks have had their say, I thought I’d make a little central bank roundup for today.

Lots and lots of events this week. But in the end, the yen was the one currency to rule them all while the Aussie was the one currency that was ruled by all. So, what drove price action on these currencies? And how did the other currencies fare this? Read on and find out!

The safe-haven yen and Swissy, together with the lower-yielding euro, were fighting it out for the top spot during today’s morning London session, thanks to the risk-off vibes. The Greenback, meanwhile, was in retreat, likely because of jitters ahead of the vote on the U.S. healthcare bill.

What’s up with the yen’s strength these days? Let’s take a look at four possible factors pushing the low-yielding currency higher.