Market News

Concerns over the yuan and possibly a weak NFP report weighed on risk appetite, enabling the dollar to recoup some of its losses from the previous trading sessions.

Another day, another loss! The Greenback took another hit from its rivals after leading jobs indicators hinted of a downside NFP surprise.

It’s an interesting aspect of the human condition—clinging to our view despite the fact reality has already invalidated them. The Federal Open Market Committee seems to have this characteristic firmly embedded in its DNA.

We’ve got another NFP report coming our way this Friday. And if you need to get up to speed on what happened last time and what’s expected this time, then gear up by reading up on today’s Forex Preview for the December NFP report.

Risk aversion was apparently the dominant sentiment during today’s morning London session, so the higher-yielding Kiwi got slapped lower. The Greenback and the pound, meanwhile, were in recovery mode after getting pummeled by sellers earlier.

The Greenback was the biggest loser of the trading session, as Asian session forex traders priced in the Fed’s less-hawkish-than-expected meeting minutes.

Seasonal factors usually dampen trading activity as traders take a break during the Christmas and New Year holidays, and December 2016 was no exception. Here’s how volumes fared then.

Looks like the FOMC members weren’t all that hawkish! The minutes of their December meeting dragged the dollar down when it highlighted the split among policymakers.

I noticed Bloomberg’s barely sufferable bow-tied Tom Keene had some of what the globalist crowd considers the big guns of economics and analysis on his show this morning.

Another round of rallying commodity prices meant that the comdolls were in demand, particularly the Loonie. Returning risk-off vibes, meanwhile, kept the yen supported.

Howdy! If you’re looking to pillage some pips from the Loonie before closing shop for the week, then you better get ready, since Canada will be releasing its jobs report this Friday. And if you plan to trade that top-tier catalyst, then today’s Forex Preview will help you out.

Forex price action was a mixed bag of nuts, as Japanese and New Zealand traders traded headlines from the past couple of days.

The Greenback’s performance was way better than Mariah Carey’s New Year’s Eve number as the currency hit all the high notes with ease.

We narrowed our favorite issues of Currency Currents written in 2016 to seven. Check’em out on the jump!

Greenback domination was the main theme of today’s morning London session. However, the pound gave the Greenback a hard time, thanks to an unexpected jump in the U.K.’s manufacturing PMI reading.

Who’s back from the holidays and ready to start 2017 strong? If you are, then you should definitely check out these updates that you might have missed during the holidaze.

Risk appetite was the name of the game during the Asian session, as China printed better-than-expected factory numbers and Asian session traders tracked their European counterparts.

The latest COT forex positioning report from the CFTC reveals that the Aussie finally succumbed after several months of resistance, which means that the Greenback reigns supreme once more. Other than that, the Greenback took ground mainly from the yen and the Swissy.

The Greenback seems to be off to a roaring start for 2017 even as U.S. and Canadian traders were still out enjoying the holiday.

Before we officially start a new trading year, we’re sharing our quick and wacky predictions for 2017. Which ones do you think will likely come true?