Market News

The Greenback gained a couple more pips against its major counterparts despite the release of better-than-expected reports during the Asian session. What’s up with that?!

All eyes were on the Greenback this week, but the pound somehow managed to steal the show. How on earth did that happen? Well, time to find out what was driving price action on the pound and the other currencies this week!

How y’all doing, forex friends? The Loonie was able to come out mostly on top last week, even though oil was down in the dumps. If that made you wonder how Canada’s economy is faring recently, then this Economic Snapshot is just for you.

A gap open on Thursday morning, ending in a doji candlestick. With the long wicks on both sides, this is known as a Rickshaw Man…indicates major indecision.

Today was another data-light day, with some European markets closed for Armistice or Veterans day to boot. Price action was therefore relatively more subdued and choppy. There were movements, though, with risk sentiment apparently being the main driver yet again.

So the average Joes and Janes have decided to elect Donald Trump as the next POTUS. What does this mean for the economy and the markets? Let’s take a look at some of his plans.

With not a lot of major data on the docket, the Asian bourses continued to party in the streets on the back of expected improvements under the incoming Trump administration.

U.S. traders seem to be in good spirits, allowing most equity indices to close higher for another day and banking on the hope that a Trump presidency probably isn’t the worst idea.

Only low-tier items were on the docket for today’s morning London session, so price action was a bit choppy on some pairs. There was directional movement, though, and forex traders seemed like they were turning mainly to risk sentiment and commodities for direction.

The RBNZ delivered on a widely-expected cut, which caused the Kiwi to rise. Wait, what? Yep, you read that right. The Kiwi later tanked during the presser with RBNZ Guv’nah Wheeler, though. What’s up with that? Well, read on and find out!

Risk appetite reigned supreme during the Asian session, as forex traders caught up to the post-election rallies from the previous sessions.

Forex trading activity had a really solid run in September, but market players were unable to sustain these volumes in the following month. Here are October’s metrics.

What a turnaround for U.S. markets! The Greenback erased its losses from earlier in the day as investors tried to see the silver lining to Trump’s win.

The global markets initially reeled from the news of Trump’s victory over Clinton, but there were signs that wounds were already being licked. The Greenback, for one, was able to recover some poise.

For better or worse, the Donald is now going to be the 45th president (and perhaps the 1st emperor) of the United States of America. And I thought that maybe now would be a good time to give y’all an overview on how the U.S. economy is faring.

Risk aversion was the name of the game during the Asian session, as forex traders price in a possible Trump win in the U.S. Presidential elections. Here’s what’s up!

The Greenback was all over the place in the calm before the storm, as forex junkies were biting their nails while waiting for the results, while the comdolls enjoyed risk-on vibes.

Below is a chart with Black Swan’s new wave view [aka best guess] on the future path of the US dollar.

Trading conditions were a bit tight during the morning London session, probably because traders were hunkering down for the U.S. presidential elections. There was some noticeable demand for the Greenback, though.

Tomorrow at 9:00 pm GMT the RBNZ will print its monetary policy decision for the month of October. What are market players expecting this time?