Market News

Hello, forex friends! China had a data dump last week, and if you somehow missed it or if you’re just curious on how China’s economy is doing nowadays, then this Economic Snapshot can help you out.

We were treated to another choppy morning London session, but the Aussie and the Loonie were clearly in demand during the session, since the two currencies were appreciating against their forex rivals.

So the Bank of England has decided to keep calm and carry on this month. Should you buy the pound, then? Not so fast. Here are five takeaways you need to know first.

It was a topsy-turvy trading session for the major currencies, as forex traders priced in risk sentiment and a couple of economic updates.

The U.S. session kicked off with a lot of strong moves thanks to the BOE decision, but traders soon calmed down and allowed dollar pairs to consolidate.

Price action was a bit choppy during today’s morning London session, but the pound spiked higher across the board near the end (while dragging the euro with it), thanks to the BOE’s decision not to cut rates… yet.

The BOC kept the overnight rate steady and the Loonie spiked against its forex rivals. It even decoupled from sliding oil prices. What’s up with that? Well, here are 6 key points from the July BOC Statement that you may wanna know about.

Forex price action was a mixed bag of nuts, as traders considered Australia’s jobs data, a surprise announcement from the RBNZ, and a bit of oil price recovery.

Heads up, fellow traders! The U.S. Securities and Exchange Commission is proposing that forex brokers disclose client orders details to foster transparency. What do you think of this move?

All eyes and ears were on the Bank of Canada, as Governor Poloz and his gang of policymakers announced their interest rate decision and updated economic forecasts.

Today’s morning London session was a risk-friendly one, and most commodities staged another rally to boot, so the Kiwi and the Aussie made a comeback while the yen got slapped around. The euro and the pound, meanwhile, were mixed.

G’day, forex mates! There’s a better-than-average chance that the Aussie is gonna get a volatility infusion tomorrow because we’ll be getting Australia’s jobs report. And if you’re planning to trade this event, then get up to speed with another edition of my Forex Preview.

Despite the UN tribunal ruling that China has “no legal basis” for its expansive claims in the South China Sea, China is digging in and saying they refuse to accept the decision. [Bill Haden. The South China Sea, Yale University Press.]

A lack of major economic releases and a cooldown of “helicopter money” prospects for Japan weighed on risk sentiment today and knocked the higher-yielding currencies lower across the board.

Most major pairs carried on with their moves from the previous trading sessions, as there were wasn’t much change in market sentiment throughout the day.

Another risk-on session and rallying commodities meant another round of demand for the comdolls. However, they all still lost out to the pound in the end, although comments from BOE Carney were beginning to attracting some pound bears.

We have not one, but TWO central bank events coming our way this week. How can you make pips from these events? Here are a couple of tips.

Risk appetite is still the name of the game during the Asian session, as optimism over Shinzo Abe’s stimulus program continued to pushed the Asian bourses higher for another day.

The value of net long bets on the Greenback increased, but the latest COT forex positioning report from the CFTC shows that Greenback demand was not broad-based since it took ground from the pound, the Swissy, and the euro, but lost some ground to everything else.

U.S. session traders reacted to news of additional economic stimulus in Japan and moved some funds back to the safe-haven U.S. dollar.