Market News

While you’re gearing up for the rest of the major central bank events this week, why not take a shot at trading New Zealand’s jobs release coming up in a few hours?

The low-yielding yen gained ground across the board on the back of overall risk aversion and a not-so-dovish BOJ statement.

Large speculators trimmed their net long bets on the Greenback for the third week running. And this time, the latest Commitments of Traders forex positioning report from the CFTC shows that the Greenback got pushed back across the board.

The Greenback couldn’t make up its mind where to go, as it was pushed and pulled by sliding equities and bond yield speculations ahead of major central bank events.

The euro and the Swissy both slumped hard across the board during today’s morning London session. Meanwhile, the Greenback was in recovery mode and the safe-haven yen got bid even higher.

News traders, huddle up! We’ve got three major central bank statements lined up for the week so better start prepping on why each event matters, what happened before, and what’s expected this time. Lucky for you, I’ve got all these and more in this neat roundup.

Asian bourses started the week on the wrong side of the charts, as forex traders caught up to last Friday’s U.S. GDP report and Trump’s latest immigration-related orders.

Konnichiwa, forex friends! The BOJ will be giving its monetary policy statement this Tuesday, so I thought that now would be a good time to give y’all an overview on how Japan’s economy is doing lately.

The pound inflicted another round of pounding against its forex rivals this week, with the yen getting the brunt of it. Meanwhile, the Kiwi and the Loonie were in high demand. What’s up with all that? And how did the other currencies fare this week? Time to find out!

There was volatility aplenty during today’s morning London session. However, directional movement left a lot to be desired, since many pairs were trading sideways. The pound was an exception, though, since it was experiencing broad-based weakness.

Are consumer prices in the major economies seeing improvements now that oil prices are holding off from more losses? Let’s take a look at the latest forex releases and see if we can spot trade opportunities.

The yen fired up the pip streets during the Asian forex trading session, as traders priced in the BOJ’s surprise increase in bond purchases and a strong CPI report from Japan.

Not even a couple of downbeat reports could keep the dollar down in the latest New York session, as talks of financial deregulation gave the currency a boost.

The safe-haven Swissy surged during today’s morning London session, even though risk appetite was the dominant sentiment. The pound and the yen, meanwhile, got a severe beat-down.

If you’re looking for a non-Trump catalyst that’s likely to injecting the Greenback with some volatility, then just know that the U.S. will be releasing its Q4 GDP report on Friday. And if you need to get up to speed, then make sure to read up on today’s write-up.

The Greenback continued to take hits from its major counterparts, as Asian session traders priced in the overall risk appetite and concerns over the Trump administration’s currency biases.

In my earlier intermarket correlations update, I showed y’all how certain currencies and asset prices had been moving in lockstep like Mia and Sebastian in La La Land. However, recent market moves suggest that their relationship may be on the rocks.

The Greenback scored a positive day after Trump’s first couple of days in office went by without a glitch and U.S. equity indices soared to record highs.

U.S. equity indices surged to new record highs as the Trump team published its infrastructure priority list, but the Greenback was unable to participate in the rallies.

Pound domination was the name of the game during today’s morning London session. The Greenback, meanwhile, got kicked broadly lower.