Market News

As you well know, markets have reacted very favorably to the recent election of Donald Trump to be the next US President, despite the continued obsessive sniping among the mainstream press and assorted metrosexuals (defined as hubris-filled big city dwellers).

We’ve been getting a lot of questions about the basic economic reports and how they can affect forex price action. Here’s a list of the common ones that you should at least know about.

Up down and all around! Price action was both choppy and rather wonky during today’s morning London session. The Loonie noticeably got some broad-based demand, though. The Greenback, meanwhile, suffered a broad-based slide.

The minutes for the November meeting got released yesterday, but the Greenback didn’t have an explosive reaction. Still, there were some important things that you may wanna keep in mind for the December FOMC meeting.

Another day, another chance to buy the dollar! Japanese forex traders are back from their holiday today, and they sure didn’t waste time pricing in the latest bullish run on the Greenback!

Has it really been months since I last gave y’all an update on intermarket correlations? Here’s what’s been goin’ on in the charts since then!

Upbeat U.S. data and hawkish FOMC minutes gave the Greenback enough energy to soar higher against its peers, but sterling managed to maintain its lead.

The risk-off vibes dictated forex price action for the most part. However, the pound got a late bullish boost, thanks probably to profit-taking in the wake of the Autumn Forecast Statement.

Hello, forex friends! The pound rallied hard on Monday, only to retreat on Tuesday. And if you’ve been wondering what that was all about, then read up on the two recent Brexit-related events that you should know about.

With our Japanese friends out on a market holiday, Asian session forex traders mostly extended economic themes from the previous sessions. Here’s what’s up!

The Greenback was all over the place as the rallies seemed to fizzle and the U.S. currency settled in its role as counter currency.

Price action was pretty choppy during today’s morning London session, with many pairs trading sideways. However, the pound was clearly on the move. What’s up with that?

The PBoC is at it again! Here’s why China’s central bank has devalued the yuan like there’s no tomorrow in the last couple of days.

Forex traders were deep in Chopsville during the Asian session, as a lack of economic releases prompted traders to track the previous session’s economic themes.

After 7 consecutive weeks of increases, the value of net long bets on the the Greenback finally took a hit. And the latest COT report reveals that the slide in Greenback demand was pretty broad-based. The Greenback still managed to take ground from the yen, though.

Crude oil and the Canadian dollar were in the limelight, thanks to positive updates from OPEC delegates after their first set of technical talks.

The forex calendar was rather sparse during Monday’s morning London session, so forex traders turned to the risk-on vibes and commodities rally for direction.

In keeping with the theme of political shakeups so far this year, the French could be gearing up for another revolution in their upcoming elections. Why does this event matter to forex traders like you and me?

With not a lot of data on the docket, Asian session forex traders focused on extending last week’s economic themes. Here’s what’s up!

The Loonie reigned supreme this week, with the Greenback following closely behind. The yen, meanwhile, got bushwhacked yet again. So, what was driving forex price action on these and the other currencies?