Market News

Profit-taking was the name of the game in the U.S. session as the Greenback returned some of its recent wins to its rivals.

There was some rather wonky price action during the morning London session, as safe-haven currencies retreated while the higher-yielders advanced, even though risk aversion appeared to be the dominant sentiment.

The minutes for the September meeting got released yesterday, but it didn’t really spark a lot of fireworks. Still, there were a few takeaways that you should know about and keep in mind going forward.

The dollar’s price action was a mixed bag of nuts, as it lost pips to the European and fellow low-yielding currencies but gained a few on the comdolls. What’s up with that?!

The Greenback tossed and turned upon seeing the FOMC meeting minutes, but eventually ended up higher on stronger Fed rate hike expectations.

Price action was pretty choppy during today’s morning London session, with many currency pairs trading sideways. The only clear exception was the sinking euro, although the Greenback also showed some signs of demand.

We’ve got the U.S. retail sales report coming up this Friday. Will this top-tier report put an end to the Greenback’s rally or push it higher? And if you’re planning to trade this event and you need to get up to speed, then you better read up.

A pretty productive day for risk-takers, as a string of positive news all contributed an overall risk-friendly forex trading environment.

No data? No problem! Major pairs still had a pretty eventful day even though there were no major reports on deck.

The forex calendar for today’s morning London session was a bit light, so forex traders turned mainly to risk sentiment for cues. The risk-on mood didn’t seem to dampen demand for the safe-haven yen and the Greenback, though.

With major central banks running out of road in terms of their interest rate policies, some are turning to government bond yields to stabilize prices. What’s up with that?!

A pretty eventful session for the major currencies, as forex traders priced in a couple of potential catalysts for the next trading sessions. Here’s what’s up!

The value of net long bets on the Greenback increased for the second week running. Moreover, the latest COT report from the CFTC reveals that the Greenback took ground from most of its peers, but got rebuffed by the Aussie and the Swissy.

It wasn’t much of a manic Monday for New York session traders as U.S. banks were closed in observance of Columbus Day while Canada celebrated Thanksgiving.

There were only low-tier items on the docket today, so forex traders turned mainly to commodities and risk sentiment for direction. The pound, meanwhile, recovered a bit more from last week’s plunge.

Now that the second U.S. presidential debate has concluded, let’s take a look at what the numbers are saying and how the markets could react to the upcoming elections. Here are some historical trends that you gotta take note of.

Forex trading was a mixed bag of nuts during the Asian session, as a lack of economic catalysts sent the major currencies all over the charts.

Pound weakness was the dominant theme this week, although Greenback strength was also a major theme. So, what was driving forex price action? And how did the other currencies fare this week?

What’s up, forex friends? The September NFP report came out yesterday, and the Greenback tanked as a result. Wait, what? What happened? Well, time to find out!

We are now short on Friday’s close at 126.84; looking for a trade to 115.20. A move to 133.69 represents key resistance; we have witnessed declining momentum into the recent rally high (divergence), suggesting the five-wave rally to A may be complete.