Market News

G’day, forex mates! If you’re wondering how Australia’s economy is faring recently, or if you just wanna see the “bigger picture” now that the RBA statement is done and over with, then this Economic Snapshot is just for you.

Forex traders went on a Kiwi hunting expedition this week (for the currency, not the bird). As a result, the Kiwi got taken down. Other than that, forex traders also bought up both the Greenback and the pound. So, what drove forex price action? And how did the other currencies fare?

Price action was relatively subdued during today’s morning London session. However, the pound, the Swissy, and the euro were clearly under bearish pressure. The yen, meanwhile, was broadly in demand.

With the first month of 2017 already in the rearview mirror, major central banks such as the Fed, BOE, BOJ, RBA, and RBNZ are making adjustments. What exactly are they saying?

Risk appetite was the name of the game during the Asian forex trading session, thanks to optimism over Trump’s tax plans and a better-than-expected tier 1 report from China.

The lack of top-tier data didn’t hold the U.S. dollar back from soaring up the charts, as it got a strong boost from Trump’s teaser on his tax reform plan.

Like yesterday, there were only a few items on the calendar for the session. Unlike yesterday, however, there was price action aplenty, as the Swissy got dumped while the pound and all the comdolls got bid up, including the Kiwi.

The RBNZ kept the OCR steady at a record low 1.75%. And as a result, the Kiwi got dumped really hard across the board. Wait, what? Why? What did Wheeler have to say? Well, time to find out!

The dollar recouped some of its losses from the previous session, while the New Zealand continued its decline across the board following a dovish RBNZ statement. Here’s what happened during the Asian forex trading session!

In light of recent forex industry events, I thought I’d give y’all a quick rundown of what being a “No Dealing Desk” forex broker is all about. If you’re a forex newbie or if you just need a refresher on its differences with a dealing desk broker, here’s what you need to know.

The Greenback struggled to establish a clear direction against its forex rivals as comdolls consolidated while sterling pushed higher, but the RBNZ decision did spur some late-session action.

Not much on the docket during today’s morning London session, so forex price action was relatively subdued. The yen was in demand, though, thanks to plunging bond yields. The Loonie, meanwhile, was tracking the recovery in oil prices.

Canada will be releasing its jobs report this Friday. And if you want to pillage some quick pips from the Loonie and need to get up to speed on what happened last time and what’s expected for the upcoming release, then you better gear up by reading up on today’s write-up.

Ho-hum. Forex price action was a mixed bag of nuts, as a lack of catalysts failed to produce strong intraday trends for the major currencies.

Another mixed day for the Greenback as U.S. economic data simply came in line with expectations while the Loonie lost a lot of ground on weak reports and crude oil news.

Today’s morning London session had plenty of action, with the pound getting hit by poor data, the yen weighed down by returning risk appetite, the Greenback happily extending its rally, and the euro in recovery mode.

Earlier today, the RBA delivered its first policy statement for the year. Are Lowe and his team done with cutting interest rates? Here are key takeaways from the release.

Risk aversion was the name of the game during the Asian forex trading session, though comdolls like the Aussie and Kiwi snagged a pip or two (or twenty) from bullish, currency-specific news.

Large speculators pared their net long bets on the Greenback for the fourth consecutive week. And the latest COT report from the CFTC shows that the push-back against the Greenback was still broad-based, since only the Swissy lost ground to the Greenback.

The U.S. dollar chalked up another mixed performance against its peers while the Japanese yen took advantage of the risk-off vibes.