Market News

Ho hum. It was a directionless trading session for forex traders, as a lack of fresh catalysts inspired market players to cherry pick their positions.

Dollar bears were at it again as the “Trumphoria” started to fade on U.S. Treasury Secretary Mnuchin’s remarks. Pound bulls, on the other hand, continued to charge.

Price action was rather choppy during the session, with many pairs milling about in tight ranges. The Greenback did get kicked broadly lower late into the session, though. The safe-haven yen, meanwhile, was well-supported throughout the session.

Hello, forex friends! The minutes of the Fed’s February huddle got released yesterday. And if you somehow missed it, then here are the key highlights from the meeting minutes that you need to know about, as well as the Greenback’s reaction.

A lack of economic catalysts turned forex players’ attention to Australia’s CAPEX report and the Fed’s latest meeting minutes. Which currency do you think was the biggest mover during the session?

Rally and reverse! The U.S. dollar was off to a good start but was unable to hold on to its lead when the FOMC minutes didn’t seem all that hawkish.

Plenty of action in today’s morning London session, with the pound slammed by poor data, the Aussie weighed down by crumbling commodity prices, and lower bond yields, as well as safe-haven flows, fueling demand for the yen.

G’day, forex mates! As you may or may not know, the Aussie has been trending broadly higher since the end of December 2016, shrugging off any disappointing economic reports that were thrown in its way. What’s up with that? Well, here the 3 major factors that have helped in sustaining the Aussie’s broad-based upward push.

The Aussie was king of pips during the Asian forex trading session after a speech by Philip Lowe supported speculations that the RBA is done cutting its rates.

The Greenback paused from its recent rallies as downbeat medium-tier reports gave traders reason to doubt that a March Fed rate hike is in the bag.

The lower-yielding euro and the safe-haven Swissy had a tough time during today’s risk-friendly morning London. The Loonie, meanwhile, got some love when oil prices jumped.

If you like trading economic releases like we do, then you’ll love these two Canadian economic reports that might affect the Loonie’s forex price action. Check it out, will ya?

The Greenback dominated most of its major counterparts, as a lack of major economic reports turned investor attention to higher bond yields and the upcoming FOMC meeting minutes release.

Large speculators reduced the net value of their net long bets on the Greenback for the sixth consecutive week. And the latest COT report from the CFTC shows that the push-back on the Greenback is still broad-based, but came mainly from the Loonie.

U.S. traders were out on a holiday but that didn’t stop the Greenback from raking in some gains against its forex rivals during the latest trading session.

Not much lined up on the docket for this session and the U.S. will be having a bank holiday later, so price action was rather limited. Pound pairs were on the move, though, since the pound got bid higher across the board during the course of the session.

It seems that the euro zone’s laundry list of problems just keeps getting longer, as financial and political troubles in Italy could bring much more pain to the region than Greece or France.

The dollar’s price action was a mixed bag of nuts, as it gained ground against low-yielders like the yen and franc, but lost pips against the comdolls and the European currencies. What’s up with that?!

Greetings, forex friends! The pound recently got clobbered due to a bunch of poor economic reports. And if that made you want to know how the U.K. economy is currently doing overall, then today’s Economic Snapshot will help you out.

The yen ended up on top while the pound got dethroned once again after briefly regaining its throne last week. So, what drove forex price action this week? And how did the other currencies fare? Well, read on and find out.