Market News

I know it may sound odd, especially given what we’ve seen lately, but markets do correct. And usually, albeit these times may not be usual, markets correct when most of the players become complacent.

The dollar gave up pips to its counterparts on a bit of risk-taking as well as profit-taking from long dollar trades. Here’s what’s up in the forex scene!

After showing mixed results in October, forex players cranked up the volume last month, thanks to game-changing market catalysts. Here are the November metrics.

The BOC was the star of the show in the latest forex performance with their policy statement, but RBNZ head Wheeler managed to throw in a solid encore number as well.

Risk-taking was the name of the game, so both the higher-yielding Kiwi and Aussie got bought up. Meanwhile, the pound got kicked broadly lower, likely on poor data.

G’day, forex mates! Australia’s Q3 GDP contracted by 0.5% quarter-on-quarter, which is a major bummer. And as a result, the Aussie tanked across the board. But why did GDP fall? What happened, yo? Time to find out!

Aussie bears had a field day after Australia printed its first economic contraction in five years. Read on to know what’s up in the forex scene!

The Greenback made quite a comeback against its forex rivals, lifted by strong gains in U.S. equities despite mixed economic data.

Today’s morning London session was rather calm, with many currency pairs trading sideways. The risk-on vibes likely sent buyers towards the Aussie, though, while the euro got a bearish injection near the end of the session.

Will Australia see its first GDP contraction in five years? Here are important points you need to remember if you’re planning on trading Australia’s Q3 2016 GDP release.

Asian session market players kept calm and carried on today after getting jittery over Renzi’s resignation yesterday.

Large speculators boosted the value of net long bets on the Greenback yet again. And the latest COT forex positioning report reveals that the Greenback advanced against most of its peers, but mainly at the expense of the Japanese yen.

Momentum is clearly waning, but has not yet turned down.

The euro was the star of the forex show as it extended its climb from the previous session on talk of Greek debt restructuring.

After dropping hard earlier, the euro staged a broad-based and rapid recovery (and then some) during the morning London session. Returning risk appetite, meanwhile, resulted in the yen getting slapped lower.

News traders, huddle up! We’ve got three major central bank announcements that could spice things up in the forex arena this week. Here’s what to expect from each event.

Forex market players started the week with a bang, as they saw not one, but TWO Prime Ministers resign during the trading session.

There were three main themes this trading week: another week of pound strength, demand for the Loonie, and yet another fun week of yen bashing. So, what was driving forex price action on these and the other currencies?

The November NFP report sent a mixed signal, so the Greenback unfortunately didn’t get a major volatility infusion. What happened? And did the November NFP report affect rate hike expectations?

Trading conditions were rather tight during today’s morning London session, likely because forex traders were hunkering down for the last NFP report before the December FOMC statement.