Market News

Profit-taking was the name of the game in Friday’s New York session, as higher-yielding currencies retreated against their safe-haven counterparts.

Howdy, forex buddies! The Loonie was rather weak last week despite higher oil prices. And if that made you wanna see the “bigger picture” on the Canadian economy, then this economic snapshot can help you out.

The forex trading week has come and gone. And pound domination was this week’s main theme, with Greenback strength, as well as weakness on the part of the yen and the Swissy as secondary themes. So, what was driving forex price action this week?

Volatility got sapped during today’s morning London session, with most currency pairs trapped in tight ranges. Directional movement was obviously in short supply, but the Greenback, the yen, and the Kiwi were showing some signs of movement.

Interest rate cuts and hawkish meeting minutes aren’t the only bombshells in the forex arena this month! In case you missed it, the Australian government has also announced the next RBA Governor.

Ho-hum. It was a pretty chill session for forex traders, as a lack of economic catalysts inspired tight ranges and commodity-related price action.

Hawkish Fed officials took the stage during the U.S. trading session, allowing the Greenback to squeeze out a few more gains against its counterparts.

The fallout from yesterday’s FOMC minutes can still be felt in today’s morning London session, causing another round of intense risk aversion which favored the safe-havens while pummeling the higher-yielders. The pound was marching to the beat of its own drummer, though.

Greetings, forex friends! The minutes for the April FOMC meeting got released yesterday, and the Greenback reacted by spiking higher. What gives? Well, let’s take a closer look at the details of the FOMC meeting minutes, shall we?

Consolidation was the name of the game during the Asian session, as forex traders digested the FOMC meeting minutes and Australia’s jobs numbers.

Are intermarket correlations still holding up these days? Take a look at these charts to see how some alliances are starting to break.

All eyes and ears were on the FOMC minutes, which had traders buzzing about a June hike and spurred a lot of action among dollar pairs.

Trading conditions were relatively subdued during the morning London session, probably because forex traders were sitting on their hands while waiting for the FOMC meeting minutes to be released. The pound was clearly on the move, though.

The dollar clobbered its counterparts during the Asian session, as forex traders priced in a potentially hawkish FOMC minutes today.

G’day, forex mates! Australia will be releasing its April jobs report tomorrow. And if you’re planning to pillage some quick pips from the Aussie, but need to get up to speed, then this Forex Preview will likely help you out.

Commodities prices have staged a nice bounce. We have been long in our Key Market Strategies service and captured some decent gains.

Retreat, higher-yielders, retreat! The safe-havens claimed victory in the U.S. trading session, thanks to mostly stronger than expected U.S. economic figures.

Risk aversion and commodities dictated forex price action for the most part during the morning London session, so the higher-yielding comdolls ended up getting bushwhacked by the safe-haven currencies, especially the Greenback.

The employment situation is one of the stronger suits of the U.K. economy, but has it been able to sustain its progress? Here’s what’s in store for the upcoming jobs release.

The pound and the comdolls had a good forex trading session, thanks to a less-dovish-than-expected RBA minutes and expectations of a strong U.K. CPI report.