Market News

Market players were still feeling the post-Brexit lull last month as trading volumes continued to retreat. Perhaps traders were spooked by the Ghost Month?

Cautious remarks from the BOC and the BOE left the Loonie and the pound as the weakest performers of the forex bunch during the New York session.

The pound got a severe beat-down during the session, thanks to disappointing economic data. Meanwhile, the safe-havens and the higher-yielding currencies duked it out in the background.

What’s up, forex friends? The ECB Statement and presser is coming up tomorrow. And if you’re planning to trade this top-tier event for the euro, then here are a few things to keep in mind.

Thanks to a not-so-disappointing GDP report from Australia and a bit of ruckus among the yen crosses, the Aussie and yen ended the Asian forex trading session higher against their counterparts.

The Greenback had a miserable day after Uncle Sam printed downbeat reports that further dampened hopes of another Fed rate hike for the year.

Compared to the earlier Asian session, price action during the morning London session was in the doldrums. Most currency pairs were trading sideways, but Swissy and Aussie pairs were clearly on the move.

Tomorrow at 2:00 pm GMT the Bank of Canada is scheduled to publish its policy decisions for September. Should forex traders expect changes from the central bank? Here are three things you need to know!

The Aussie was the biggest winner during the Asian session, as overall risk appetite got mixed in with a not-so-dovish RBA policy decision.

Net bullish bets on the Greenback declined for the fifth consecutive week after Yellen’s hawkish speech but before the NFP report. And the latest COT report from the CFTC shows that the Greenback’s losses were broad-based.

The Greenback was all over the place as U.S. session traders weren’t around to give it any clear direction while most pairs sat quietly in their ranges.

Despite the prevalence of risk appetite, the yen’s ascent continued during the morning London session. The pound meanwhile, got a boost from the upbeat services PMI report, but found sellers along the way.

Heads up, Aussie traders! Better keep tabs on these top-tier catalysts lined up this week if you’ve got AUD trades on your account.

Dollar weakness was the name of the game during the Asian trading session, as forex traders priced in dwindling chances of a Fed rate hike in September.

Out of the top 10 movers this week, 7 are yen pairs, with the yen losing badly, so it’s pretty clear that yen weakness was the dominant theme this week. What was driving the yen’s weakness and how did the other currencies fare?

If you want a quick run-through on the details of the August NFP report, as well as the possible reason for the Greenback’s wonky price action, then this quick review may be just what you need.

Volatility was in short supply during the morning London session, as forex traders hunkered down for the upcoming NFP report.

Does the “Sell in May and go away” adage translate to risk-taking in September? I’ve crunched the numbers from the last five years to see if it’s a forex myth that should be busted!

True to NFP Friday tradition, forex volatility during the Asian session was as eventful as watching paint dry. Read on to see how the major currencies fared in the past couple of hours!

Retreat, dollar bulls, retreat! Weaker than expected U.S. reports forced traders to consider how these might affect the NFP report and the Fed’s policy bias.