Market News

Not even stronger than expected data from Canada was enough to keep the Loonie supported when crude oil prices declined. Here’s how it all turned out.

No data? No problem! Forex traders turned mainly to risk sentiment, commodities, and last week’s themes for direction during the morning London session.

Just when economic data seemed to suggest that the U.K. was dealing well after its post-Brexit vote, news that Article 50 could be invoked by April next year brought jitters back to the market.

With no major report on tap, forex traders focused on central bank remarks and geared up for a potentially eventful week ahead.

We got another round of relatively tight trading conditions last week, but Aussie and Greenback weakness were very clearly the main themes. So, what was driving forex price action lately?

Jack shares a review on major currency pair charts and broad market commentary!

Greetings, forex friends! If you’re wondering if there are any post-referendum economic data available or if you just wanna know how the U.K. is doing overall, then this Economic Snapshot is just for you.

Risk aversion returned and commodities fell, so the Aussie and the Kiwi were both under pressure during the morning London session. And interestingly enough, the Greenback rather than the yen was the safe-haven of choice during the session.

Which economies have the advantage of strong employment prospects in its war against low inflation? Let’s look at job reports from the U.S., Canada, New Zealand, the U.K., and Australia!

A pretty calm day for Asian session forex traders, though a lack of economic releases inspired a bit of profit-taking among high-yielding currencies.

The Greenback had trouble recovering from its post-FOMC minutes hangover, as the lack of hawkishness continued to weigh on the currency.

The pound skyrocketed on positive retail sales data while the yen got weighed down by risk appetite in today’s morning London session. Meanwhile, the Aussie and the Swissy had some rather wonky price action.

The minutes for the July meeting got released yesterday, and the Greenback had a bearish reaction. What’s up with that? Well, let’s take a closer, look shall we?

The dollar’s forex price action was a mixed bag of nuts, as economic reports got mixed in with risk sentiment.

The tone of the FOMC minutes forced the U.S. dollar to return some of its recent gains since most policymakers didn’t seem so eager to hike rates just yet.

Risk aversion prevailed and commodities were retreating during today’s morning London. As a result, the higher-yielding Aussie and Kiwi both got whupped. Meanwhile, the safe-havens got some love, particularly the yen.

G’day, forex mates! If you’re hunting for a potential catalyst for the Aussie, then huddle up since the Australian Bureau of Statistics will be releasing Australia’s jobs report tomorrow. And it just so happens that I have another Forex Preview to help you get up to speed.

The dollar gained more ground against its counterparts, as Asian session forex traders gear up for the upcoming FOMC meeting minutes.

What a comeback! After its sharp selloff in the earlier session, the Greenback rebounded against its most of its peers when Fed officials gave rate hike hints and data came in mostly upbeat.

Greenback weakness persisted during the morning London session while the recovery in oil prices gave the Loonie a nice boost. The pound, meanwhile, jumped higher on positive inflation data.