Market News

Greetings, forex friends! The pound has been showing signs of strength lately, and if that made you wonder how the U.K.’s economy is doing lately, then today’s Economic Snapshot is here to help you out.

Another bout of risk aversion sent forex traders scurrying to the safe-haven yen. The pound, meanwhile, plunged near the end, even though there were no apparent catalysts.

Yesterday we saw the dollar rally further across the board after Janet Yellen delivered her first speech since Trump won the elections. What the heck did she say anyway?

With not a lot of data on the docket, Asian session traders merely extended themes from the U.S. session. Here’s how the major currencies traded!

The Greenback was once again the king of pips, thanks to hawkish remarks from Fed head honcho Janet Yellen. What did she have to say?

Price action was rather choppy, but the surge in U.K. retail sales gave the pound a bullish boost. Other than that, the prevalence of risk aversion likely supported the euro while dampening demand for the higher-yielding Kiwi.

There were lots of central bank events this week (so far), and if you need a quick recap on the most important ones, then today’s write-up is just for you.

Ho-hum. Price action was a mixed bag of nuts during the Asian session, as forex traders prepare for Yellen’s testimony scheduled later today.

You win some, you lose some! Economic data from the U.S. failed to impress, but that didn’t stop the dollar from chalking up some gains against its peers.

Risk aversion made a comeback during the morning London, so the yen and the Greenback were in demand while the higher-yielding Aussie and Kiwi got the boot.

G’day, forex mates! If you’re hunting for a potential catalyst for the Aussie, then huddle up since we’ll be getting Australia’s October period jobs report tomorrow. And if you need to get up to speed, then this Forex Preview will help you out.

Risk-taking was on like Donkey Kong today, as Asian session forex traders tracked the overall risk-friendly vibe from the U.S. session.

Stronger than expected data from Uncle Sam meant another day of dollar domination in the forex arena while the Loonie got a boost from higher crude oil.

Trading conditions were rather choppy during today’s morning London session, with many pairs trading sideways. The pound was clearly under bearish pressure, though, supposedly because of a leaked memo related to Brexit.

As if the EU referendum and U.S. elections haven’t provided enough political action this year, Italy will also hold a key referendum in December. What’s it all about and will it lead to an “Italeave?”

The Greenback took small steps back against its major counterparts, as a bit of profit-taking dominated forex trading during the Asian session.

Net favorable bets on the Greenback increased for the seventh consecutive week. However, the latest COT report from the CFTC reveals that the Greenback advanced mainly against the Japanese yen, but had a mixed performance overall.

Risk rallies and USD gains were more subdued lately as market watchers seem to be waiting for a fresh round of catalysts.

Price action was relatively calm during Monday’s morning London session. However, both the Swissy and the pound were on the move, even though there were no apparent catalysts.

Sterling was the star of the forex show last week and could continue to stay in the spotlight with these major catalysts lined up. Read up on what each event is all about, what’s expected, and how the pound could react.