Market News

It’s another NFP Friday so some currency pairs ended up trading sideways while others had choppy price action, as forex traders started hunkering down. The looming NFP report didn’t stop forex traders from pushing down the pound, though.

Forex traders got a good dose of market drama today and no, it wasn’t even the NFP release. Here’s all you need to know about what happened to the pound!

Geronimoooooo!!! The pound was the biggest loser in today’s Asian session trading, as it fell to record lows against its major counterparts in just a few minutes.

The Greenback continued to advance across the board as traders are keeping their fingers tightly crossed for an upside NFP surprise while the pound reacted violently to Hollande’s remarks.

Price action was rather choppy during today’s morning London forex session, with many currency pairs trading sideways. Nevertheless, we got some directional movement from the pound and the Swissy.

The U.S. isn’t the only one scheduled to released its jobs report this Friday, since Canada’s jobs report is coming out, too. So if you’re looking to pillage some quick pips from the Loonie, then this top-tier catalyst is your best bet.

Risk aversion was the name of the game during the Asian session, as forex traders take profits from their positions from the last couple of days.

Forex trading activity woke up from its slumber in September, posting a solid rebound in metrics for the month after its lull in the past few ones. What drove trading volumes this time?

The Japanese yen continued to bleed while the Greenback edged slightly higher, supported by mostly stronger than expected U.S. economic data.

Most commodities were in rally mode during the morning London session, so the Aussie and the Kiwi just shrugged off the risk-off vibes. The pound, meanwhile, gained some poise after tumbling earlier.

Hello, forex friends! Another non-farm payrolls report is heading our way this Friday, so buckle up and read up on today’s Forex Preview, since the Greenback will likely be taking us for a ride.

Forex price action was a mixed bag of nuts, as the lack of strong catalysts inspired traders to price in small headlines. Here’s what’s up!

Euro pairs jumped after hearing about the idea of QE tapering from unnamed central bank officials. What’s that all about?

Risk-taking was the name of the game during today’s morning London session, so the higher-yielders were well-supported while the safe-havens suffered. Meanwhile, the pound continued to show weakness on renewed Brexit jitters.

Just when we thought that Brexit is so last season, U.K. Prime Minister Theresa May has given a speech that brought back the issue under the spotlight. Here are five updates you need to know:

The yen and the Aussie were the stars of today’s Asian session show, as the former weakened across the board while the latter priced in the RBA’s statement.

The latest COT forex positioning report from the CFTC reveals that the Greenback took ground from the pound, the Loonie, and the Swissy. However, the Greenback was also forced to surrender ground to its other forex rivals.

Stronger than expected U.S. ISM manufacturing PMI gave dollar bulls hope that the upcoming NFP release could reinforce Fed rate hike expectations.

News that the British government would be starting the process for an actual Brexit by March 2017 was still weighing on the pound during Monday’s morning London session.

Heads up, Aussie traders! The RBA is scheduled to announce its monetary policy decision this week so this could be your chance to make pips from a top-tier market event.