Market News

Risk aversion was the name of the game during the morning London session, so the safe-havens got some buyers while the higher-yielding comdolls got whipped. Interestingly enough, the Swissy was the safe-haven of choice today.

Hi, forex friends! If you somehow missed it, the Fed released its official FOMC press statement yesterday, and the Greenback tanked pretty much across the board. Wait, what? Yep, let’s take a closer look, shall we?

The Greenback continued to inch lower against its counterparts, as Asian session forex traders caught up to yesterday’s price action.

The FOMC statement sounded rather upbeat yet, after a lot of tossing and turning, the Greenback ended lower against its forex peers. What’s up with that?!

Both volatility and directional movement were in short supply ahead of the FOMC statement. The session wasn’t a complete snooze-fest, though, since there was some interesting price action on the pound.

The U.S. will be getting the first estimate for its Q2 GDP this Friday, so if you’re looking for a likely catalyst for the Greenback after the FOMC statement, then this is your best bet. And it just so happens that I have this here trading guide to help you out.

It was a topsy-turvy day for Asian session forex traders, as speculations on Japan’s new economic stimulus sent the yen (and other major currencies) all over the charts.

After a bit of a weak start in the day, the Greenback recovered against its forex rivals during the New York session thanks to mostly upbeat data.

Price action was rather wonky during today’s morning London session, with the Swissy and the Kiwi on the move, even though there were no catalysts, and the pound moving broadly higher on bad data.

Rounding up this month’s set of monetary policy announcements are the Fed and BOJ’s decisions. What are the two central banks up to and what can you expect from the events?

Geronimooooo!!! The yen crosses fell across the board following speculations that the Japanese government stimulus may not live up to market expectations. What’s up with that?!

The value of net bullish bets on the Greenback climbed higher during the week ending on July 19, 2016, but the latest COT report from the CFTC shows that the Greenback actually had another mixed performance, losing ground mainly to the Aussie.

No data? No problem! The lack of major economic releases didn’t stop several forex pairs from making big moves across the charts in the New York session.

The first morning London session of the week was rather calm, with many currency pairs trading sideways. Loonie and Swissy pairs were on the move, however, with the Loonie showing uniform weakness while the Swissy showed signs of broad-based strength.

I know we’ve got a couple of major central bank announcements scheduled this week, but Australia’s quarterly CPI release could still steal the forex show on Wednesday.

Asian session forex traders saw choppy price action today, thanks to a lack of economic reports and a bit of positioning for the days ahead.

This trading week was relatively more subdued when compared to the other week’s trading frenzy. U.S. dollar strength and weakness on the part of the Kiwi and the Aussie were the main themes this trading week.

Hello, forex friends! Whether you’re gearing up for next week’s FOMC statement, or you just wanna know how the U.S. economy is doing lately, this Economic Snapshot is just for you.

Today’s morning London session was relatively quiet and price action was mostly choppy. The pound got dumped very hard across the board, though, thanks to the release of Markit’s PMI report.

With the euro zone being the other party in the Brexit divorce, all eyes were on the ECB’s first decision since the EU referendum. What is the central bank up to these days? Here are four takeaways.