Market News

Dollar domination was the name of the game during the Asian session, as forex traders continued to price in the likelihood of a March rate hike from the Fed.

Fewer trading days and a bit of easing up from the “January effect” combined for a slight dip in trading activity for February this year. Here’s how institutional and retail platforms fared.

Dollar domination! Bulls picked up on Trump’s spending plans and Fed rate hike talk from earlier in the day and pushed the Greenback higher across the board.

A rate hike at March’s Fed policy meeting is still considered unlikely, but the probability is creeping higher.

Forex price action in Europe was relatively more subdued compared to the rather lively Asian session. The only real mover was the pound, although the Greenback also managed to extend its gains a little bit during the session.

Trump talked about a lot of things in his speech to the joint session of Congress. However, let’s zoom in on the relevant things he said about his fiscal policies and the U.S. economy, shall we? So, what did he have to say? Well, here some of the key highlights from his speech.

The dollar lost pips after Trump failed to provide details on his infrastructure and tax plans, but soon turned around when forex players focused on the FOMC members’ hawkish statements instead. Also, Australia just avoided a technical recession!

The Greenback made a solid comeback during the New York session, thanks to a boost from mostly stronger than expected data and more rate hike talk.

Today was another choppy and relatively subdued European session, probably because traders are waiting for what Trump has to say later. There was some risk aversion, though, which gave the safe-haven yen and Swissy a boost.

The plot is thickening for the major players of the 2017 French Presidential elections! Here are updates that you need to know as market participants.

Mixed economic reports from Japan pushed the yen higher across the board, while overall risk appetite and jitters ahead of Trump’s speech before the Congress weighed on the dollar. Here’s what happened during the forex trading session!

The value of net long bets on the Greenback finally rose after several weeks of declines. However, the latest COT report shows that the Greenback’s gains were mainly at the euro’s expense, since the yen, the Swissy, and the comdolls continued their advance against the Greenback.

Contrary to his promise of a “phenomenal” announcement on taxes, U.S. President Trump downplayed expectations for his Tuesday speech. A couple of data misses also dampened the dollar’s spirits, but not for long.

Europe is starting the new trading week with some rather subdued and choppy price action. The euro and the Aussie did have some decent moves, though, with the euro advancing against its peers while the Aussie retreated.

Aussie traders, huddle up! We’ve got a top-tier catalyst comin’ up from the Land Down Under this week in the form of a quarterly GDP report. If you’re thinking of trading this release, make sure you take note of these things.

Risk sentiment was a mixed bag of nuts ahead of Trump’s speech this week, but that didn’t stop the Aussie from gaining a few pips on its counterparts. Here’s what you missed during the Asian session!

Howdy, forex buddies! Another BOC statement is coming our way this Wednesday. So if you wanna get up to speed on Canada’s overall economic situation, or maybe you’re just wondering how Canada’s economy has been faring lately, then today’s Economic Snapshot is just for you.

Another week of yen domination was the main theme this week. Aside from that, broad-based euro weakness was also a major theme. So, what was driving forex price action on these currencies? And how did the other currencies perform this week?

Forex traders were apparently taking cues from the risk-off vibes during today’s morning London session, since the higher-yielding Aussie and Kiwi got torpedoed. Meanwhile, the safe-haven yen and Swissy were in high demand.

Back in 2014, Scotland has voted “remain” in a U.K. referendum. Has Brexit changed the Scots’ minds? More importantly, will it lead to another Scottish referendum anytime soon?