Market News

Risk-taking took a turn in the middle of the Asian session, as forex traders took profits ahead of this week’s top-tier reports.

Non-commercial forex traders pared the value of their net bullish bets on the Greenback for the second week running. However, the latest COT forex positioning report shows that the Greenback still had a mixed performance, but continued to take ground from the pound.

A combination of risk-taking and downbeat economic data dragged the safe-haven U.S. dollar lower against most of its counterparts, except for the British pound and Japanese yen.

The forex calendar was almost empty and some of the major European markets were closed for a holiday (and it’s Monday to boot), so price action was relatively tight during today’s morning London session. Pound pairs were moving lower, though.

Better take note of these upcoming market catalysts from New Zealand if you’ve got any Kiwi positions open this week, as forex junkies are trying to gauge when the RBNZ might cut interest rates again.

High-yielding currencies took a step back during the Asian forex trading session, thanks to tight trading conditions and mixed risk sentiment.

It looks like pound weakness was this week’s main theme. Other than that, we’ve also got Loonie strength as a major theme. So, what was driving forex price action this week?

The euro and the Euro Zone haven’t been making a lot of major headlines lately, but if you’re interested on how the Euro Zone as a whole is faring lately, then this economic snapshot may be just the thing for you.

The fact the dollar could not sustain a rally despite the much stronger than expected US jobs report might be saying a lot; we don’t know yet but the rational man would have expected much more given the setup and the rising yield differential in favor of the dollar.

Volatility was relatively more subdued than usual during the morning London session, as forex traders waited for the release of Uncle Sam’s retail sales report. There was some directional movement, though.

Major central bankers sure got busy in the last couple of days! In case you missed their decisions, here’s a summary of what the Fed, BOJ, BOE, RBA, and RBNZ are up to.

Forex price action was a mixed bag of nuts, as China’s disappointing economic reports got mixed in with Japanese traders coming back from a holiday.

Crude oil rallies stole the forex show in the U.S. trading session, driving the positively-correlated Loonie higher across the board.

There was nothing major on the docket for today’s morning London session, so forex traders turned mainly to risk sentiment for direction. There was some wonky price action, though, from the Swissy in particular.

The RBNZ announced a widely expected rate cut, which sent the Kiwi higher before slowly giving back its gains. What’s up with this wonky price action? And what are the major points from RBNZ Guv’nah Wheeler’s statement and presser? Well, read on and find out!

A bank holiday in Japan and a lack of fresh catalysts spurred forex traders to extend yesterday’s market themes. Read on to see the major movers of the session.

It’s been a couple of months since I last gave an update on forex intermarket correlations. Are they still holding up or are we seeing some changes?

The U.S. dollar struggled to rebound from its drop earlier in the day before traders turned their attention to the RBNZ statement.

The search for higher-yield and the commodities rally sent both the Aussie and the Kiwi higher during the session. The Greenback, meanwhile, continued to lose out against all its peers.

Hi there, forex friends! If you’re lookin’ for some post-NFP Greenback action, then you better read up since the U.S. will be releasing its retail sales report for the July period this Friday.