Market News

With only a few hours before the EU referendum vote, forex traders are scrambling to make their last-minute bets. Here are the market-movers you need to know about.

Based on the latest price action, it looks like markets are pricing in a Bremain victory but polls are still showing mixed results. Here’s what you need to know.

Easing Brexit jitters continued to fuel risk appetite during today’s morning London session, so the higher-yielding currencies slapped the lower-yielding currencies around once more, except for the euro, since it showed strength during the session.

ECB Overlord Mario Draghi testified before the Economic and Monetary Affairs Committee yesterday. If you wanna know what he said and/or why the euro tanked, then here are the key highlights from his testimony.

A pretty weak trading session for the dollar, as a lack of major reports encouraged forex traders to take a closer look at Yellen’s testimony.

Both Fed head Yellen and ECB Governor Draghi gave testimonies during the U.S. session but the latter had a mic drop moment when he shared that further stimulus is in the pipeline.

Risk sentiment was driving forex price action for the most part during today’s morning London session. And since risk appetite was the dominant sentiment, it naturally follows that the higher-yielders were giving the lower-yielding currencies the boot.

If you’re looking for forex trade opportunities ahead of the Brexit vote, then this trading guide is for you! Let’s take a look at how you can make pips from Canada’s retail sales release.

Forex trading was a mixed bag of nuts during the Asian session, as the optimism from more anti-Brexit poll results got mixed it with cautiousness ahead of Yellen’s testimony.

After three weeks of increases, the value of net long bets on the Greenback got slashed dramatically. And the latest Commitments of Traders forex positioning report from the CFTC shows that the Greenback got pushed backed by most of its forex rivals.

No data, no problem! Forex pairs were still on the move despite the lack of top-tier releases during the U.S. session, as traders zoomed in on Brexit polls.

The forex calendar for Monday’s morning London session was rather sparse, but there was enough action to keep the session interesting, as forex traders turned mainly to risk sentiment amid easing Brexit jitters for direction.

If you’re planning on casting your forex bets for the EU referendum this week, here are a few things you need to keep in mind.

Risk appetite was the name of the game during the Asian forex trading session, as easing Brexit fears boosted the higher-yielding investments.

The main theme this week was the Japanese yen’s total domination, although we also have Loonie weakness as a secondary theme. And believe it or not, but the pound ended up as the second-strongest currency of the week. So, what was driving forex price action this week?

The pound’s price action has been dictated mostly by Brexit-related polls and events lately, but if you’re wondering how the U.K. economy is doing overall as we’re heading into crunch time for the Brexit referendum, then this Forex Snapshot will help you out.

Not much on the docket for today’s morning London session, so trading conditions were rather tight. There was some noticeable movement from pound and euro pairs, however, likely because of easing Brexit concerns (or end-of-week profit-taking).

Now that most of the major central banks have said what they have to say, let’s all take a closer look at their concerns and see how they have affected their domestic currencies.

Risk taking was the name of the game during the Asian session, as easing Brexit concerns and a bit of jawboning from Japan’s officials improved risk sentiment.

Risk appetite made a comeback a few hours into the U.S. trading session due to a surprise turn of events surrounding the Brexit campaign.