Market News

Why is the euro having trouble gaining ground against its major counterparts? Let’s explore four factors that could negatively affect the euro in the next couple of months.

Ho-hum. Forex price action was as exciting as watching paint dry, as Asian session traders stayed in the sidelines amid a lack of economic catalysts.

Even though U.S. reports were mostly upbeat, dollar bulls were disappointed that Trump still hasn’t shared the deets on his “phenomenal” tax plan during his speech yesterday.

Not much on the docket for today’s morning London session, so forex traders apparently turned to the risk-off vibes for direction, since the higher-yielders got dumped while the safe-havens were in demand. The Greenback, meanwhile, extended its losses.

Now that Fed Chairperson Yellen’s testimonies are done, let’s sit back and take stock of some of the major points that she made, shall we? Specifically, let’s take a look at Yellen’s views on the U.S. economy and monetary policy.

Profit-taking was the name of the game during the Asian forex trading session, as a lack of major catalysts inspired traders to book profits from the previous days’ price action.

Move over economic analysis and risk sentiment! Politics has turned out to be one of the bigger drivers of forex price action lately so it’s about time we take a look at how this could affect the industry.

Retreat, bulls, retreat! U.S. data came in mostly stronger than expected, but Fed head Yellen dialed back some of her hawkish remarks in her latest testimony.

Today’s morning London session was another choppy session. The European currencies all took hits, though, with the pound getting another smack-down, thanks to disappointing wage growth. The euro and the Swissy, meanwhile, were also steadily in retreat during the course of the session.

G’day, forex mates! The Australian Bureau of Statistics will be releasing Australia’s January jobs report tomorrow. And if you’re planning to trade this top-tier event, then you better gear up by reading up on today’s Forex Preview.

The dollar gave back some of its gains from the previous session, as Yellen’s hawkishness translated to risk appetite during the Asian forex trading session.

Dollar domination! Fed head honcho Janet Yellen was the star of the show as she confirmed that a March rate hike is possible while other U.S. central bank officials supported her view.

There were lots of economic reports during the session, but price action was very choppy, likely because forex traders were waiting for Fed Head Yellen’s testimony. The pound was on the move, though, since it got dumped.

Remember when negative interest rates were the hottest issues in the forex grapevine? Pepperidge Farm remembers. Let’s take a closer look at the reasons why politics is making monetary policy boring again.

Jitters ahead of Yellen’s testimony limited dollar demand during the Asian forex trading session, while overall risk aversion didn’t stop comdoll bulls from pricing in China’s strong CPI and further recovery in oil prices.

The value of net long bets on the Greenback fell for the fifth consecutive week. And the latest COT forex positioning report shows that the Greenback continues to broadly lose ground. However, the Greenback was able to take ground from the pound.

No data, no problem? Currency-specific headlines sparked plenty of movement in the forex charts, with traders showing more love for the dollar and yen.

Today’s morning London session was rather quiet for the most part. The only currencies that were really on the move were the pound and the Kiwi, with the pound getting bid higher while the Kiwi got slapped lower.

Cheerio! This week is shaping up to be another eventful one for sterling since we’ve got three top-tier U.K. economic reports up for release. Planning on trading any of these?

The dollar started the week on the right side of the charts, as optimism over Trump’s “phenomenal” tax plans and a lack of jawboning over the weekend.