Market News

Hello, forex friends! Another NFP report is coming our way this Friday. And this NFP report is extra special because it is the final NFP report before next week’s March FOMC meeting and could therefore reinforce or crush rate hike expectations, so gear up by reading up on today’s Forex Preview!

The yen gained pips across the board thanks to a bit of risk aversion and an upward revision to Japan’s Q4 2016 GDP. Here’s what Asian session forex traders were up to!

The Greenback is starting to feel the jitters, unable to establish a clear direction during the New York session when medium-tier reports showed a few weak spots.

Another relatively quiet morning London session today. Although the Greenback did score small victories against its rivals while sterling felt some bearish pressure. Interestingly enough, the biggest mover was the Swissy, since it lost ground to ALL its peers, despite the risk-off vibes.

Will Mario Draghi and his gang give in to the pressure to scale back their monetary stimulus? Here’s what you need to know if you’re planning on trading the ECB’s policy decision due this week!

If, the fifth and final wave rally of the US dollar bull market, which began back in 2008, is underway [and for the record we have been showing this setup for a long time; and granted, we need a move back above the old high at 103.82 to add more confidence]…

The Aussie was king of pips during the Asian forex trading session after the RBA kept its interest rates steady for a sixth month in a row as expected.

Large speculators resumed paring their net bullish bias on the Greenback. And the latest Commitments of Traders forex positioning report from the CFTC shows that the Greenback lost ground mainly to the Aussie.

After a topsy-turvy London trading session, forex price action calmed down as U.S. traders joined the game and there were no major reports released.

Forex price action was relatively subdued and choppy today. However, there was some action, since the euro got slammed by sellers when Juppe announced that he was not running for the French presidency.

G’day, forex mates! The Aussie might be the star of the show in the first half of the week with the RBA statement lined up, so make sure you check out this trading guide if you wanna trade the event.

Risk aversion was the name of the game during the Asian session, as forex traders priced in new geopolitical jitters and a bit of profit-taking from last week’s dollar rally.

We got blitkrieged with hawkish Fed rhetoric last week. And if you are looking for a one-stop shop for the most recent Fed statements, then lucky you, since today’s write-up is just for you!

With all that hoopla about the Greenback, some of you probably thought that the Greenback was this week’s main winner. Nope! This week’s champ is clearly the euro. Also, did you know that the Kiwi got whupped this week? How about the other currencies? How did they fare? Well, time to find out!

Most currency pairs were range-bound during the session, likely because traders were waiting for what Fed Chair Yellen and other Fed officials have to say later. The session wasn’t a complete snooze fest, though, since euro and pound pairs were clearly on the move.

With the NFP report just around the corner, I figure today’s as good time as any to review the world’s largest economy. Do the FOMC members have legit reasons to be as hawkish as they are these days?

The dollar’s price action was a mixed bag of nuts, as profit-taking ahead of the weekend dragged on it against the European and low-yielding currencies, while it continued to rake in pips against the comdolls.

Risk appetite weakened in the New York session as equities and precious metals dipped while the lower-yielding U.S. dollar took advantage.

The Aussie and the Kiwi got hammered during today’s morning London session, likely because of crumbling commodity prices. The Greenback, meanwhile, steadily climbed higher. As for the pound, it had choppy price action for the most part, but got bid higher later.

If you missed ’em, the BOC released its monetary policy statements yesterday while RBNZ Governor Wheeler had a speech about monetary policy. So, what did the BOC and RBNZ’s Wheeler have to say? Well, time to find out!