Market News

In case you’ve been too busy playing Final Fantasy XV, you should know that the highly-anticipated OPEC meeting ended with a historic deal. Here are 7 things you need to know.

The Greenback took a step back against its major counterparts, as Asian session forex traders took profits before the NFP report release. Here’s what’s up!

The Greenback was in a weak spot against its forex rivals as U.S. equities closed mostly lower, even though economic data wasn’t all that bad.

Directional movement was rather limited for many pairs during today’s morning London forex session. However, the pound and the Swissy were very clearly on the move. What’s up with that?

Hello, forex friends! The last NFP report before the December FOMC statement is coming up tomorrow, so chances are good that the Greenback may get a volatility infusion. And if you’re planning to trade this top-tier event, then gear up by reading up on today’s Forex Preview.

Forex price action was a mixed bag of nuts, as risk-taking got mixed in with a bit of profit-taking ahead of this week’s other major reports.

Surprise, surprise! OPEC officials decided to put their differences aside and shake hands on its first production cut in eight years.

There was some rather wonky price action during today’s morning London session. However, the Loonie clearly reigned supreme, thanks to surging oil prices. Another round of risk-taking, meanwhile, meant that the safe-haven yen got the boot yet again.

If you’re looking for a likely catalyst for the Loonie after the OPEC meeting, then know that we’ll be getting Canada’s jobs report this Friday. And if you need to get up to speed on what happened last time and what economists are expecting this time, then today’s write-up will help you out.

Uncle Sam’s strong GDP report translated to gains for the Greenback during the Asian session, though its gains were limited by concerns ahead of today’s OPEC meetings.

Is that a “No deal” for OPEC? Market watchers continued to monitor the developments among the cartel members but it looks like Iran won’t be on board at all.

The pound soared during today’s morning London session, apparently on positive data. Meanwhile, the broad-based retreat in commodities and risk-on vibes respectively took their toll on the Aussie and yen.

Tomorrow the world’s largest oil producers are set to have a powwow to help curb oil oversupply. What are the odds of them reaching a deal? Here are three things you need to know about the event.

Forex price action was a mixed bag of nuts, as market players continue to brace for this week’s top-tier events.

After dipping last week, the value of net long bets on the Greenback increased again. And the latest COT report from the CFTC reveals that the Greenback’s advance was broad-based. The Greenback continued to lose ground to the pound, though.

All eyes and ears were on OPEC officials as market watchers tried to look for clues on whether or not the cartel can come up with an output deal in this week’s meeting.

The pound and the euro both got kicked lower during the session. Meanwhile, the commodities rally fueled demand for the comdolls, particularly the Loonie.

U.K. Chancellor Hammond unveiled the government’s plans to provide fiscal support to prep the economy for the Brexit, but my spies tell me that the BOE has a secret mission of its own.

The Greenback started the week on a weak note, as a lack of fresh catalyst inspired forex traders to take profits from their long dollar trades.

The yen got another major beat-down for the third week running. The pound, meanwhile, got rejuvenated. The pound still lost out to the Aussie in the end, though. So, what was driving forex price action on the these and the other currencies?