Market News

The BOE will announce its last monetary policy statement of the year tomorrow. And if that made you wonder how the U.K.’s economy is doing lately, then today’s economic snapshot is just for you.

A positive business survey from Japan pushed the yen a bit higher across the board, though price action is generally limited due to the upcoming FOMC statement.

Major currency pairs took shelter in their ranges in the calm before the FOMC storm as there were no major reports released.

The krone is an oil currency. The currency tends to track very closely with the price of oil over time.

Tight trading conditions persisted into today’s morning London session. However, the euro was clearly weaker across the board while the pound got bid broadly higher.

Rounding up this year’s major catalysts is the FOMC’s last statement for the year. What are market players expecting? More importantly, how can you make pips from the event? Here are answers you need to know.

Forex price action was as tight as my non-holiday pants, as Asian session traders brace for this week’s major events.

The value of net long bets on the Greenback climbed further. However, the latest Commitments of Traders forex positioning report from the CFTC reveals that the Greenback advanced mainly at the yen’s expense.

The lack of economic reports from Uncle Sam left the Greenback in a weak spot against its rivals as traders priced in their expectations for this week’s FOMC statement.

The euro continued its recovery after last week’s plunge. Retreating oil prices during the morning London session, meanwhile, apparently put an end to the Loonie’s bullish party.

Bring out the tea and crumpets, ladies and gents, because we’ve got another round of top-tier catalysts lined up from the Brits this week! Here’s why each event matters and what analysts are expecting.

The Canadian dollar was the biggest mover of the Asian forex trading session, thanks to a weekend deal by non-OPEC members to cut their production.

Greetings, forex friends! Since the last FOMC meeting of the year is coming up, I thought that now would be a very good time to give y’all an overview on how the U.S. economy is faring.

We had a rather busy week, buy the main themes for this week were the reversal of fortune on the pound, another good week for the Loonie, and (gasp!) yet another week of yen bashing. So, what was driving forex price action on these and the other currencies?

Risk sentiment drove price action for the most part during today’s morning London session. However, Brexit-related news resulted in the pound getting pushed this way and that. The ECB’s policy decision from yesterday, meanwhile, was still apparently weighing down on the euro.

In case you missed it, Mario Draghi and his gang have rolled out their latest changes to their monetary policies. Here are five things you need to know about the event.

Ho-hum. With not a lot of data on the docket, the major forex pairs traded on tight ranges for most of the Asian session.

Euro pairs continued to slide as Governor Draghi grabbed the mic during the ECB presser and hinted that QE could carry on for much longer.

As expected, the ECB decided to keep rates on hold while extending its QE program to December 2017. The euro spiked after the announcement, then quickly got dumped. Directional movement on most of the other pairs, meanwhile, was relatively subdued.

Hello, forex friends! Several days ago, Italians overwhelmingly voted “No!” during the Italian referendum. What happened after that, you ask? Or maybe you just wanna know what the referendum’s relationship is to the euro? Well, today’s roundup will help you out.