Market News

What a comeback for the comdolls! Thanks to a pickup in oil prices, higher-yielding currencies managed to ride a wave of risk appetite in the U.S. session.

Forex price action was rather choppy (and also a bit wonky) during today’s morning London session, but risk sentiment seems to be the main driver for the most part.

Looking back at the goings-on in New Zealand almost exactly a year ago suggests that history may be about to repeat itself with another RBNZ rate cut in June.

Forex price action was a mixed bag of nuts, as a bit of risk-taking got mixed in with jawboning from some Finance Ministers.

The latest COT forex positioning report from the CFTC reveals that the Greenback had a more mixed performance, although it lost a large chunk of ground to the euro.

No major reports? No problem! The forex arena still saw a lot of action during the U.S. session, particularly on the commodities front.

We shared this chart many moons ago in Currency Currents. Just checking in; nothing profound to add here other than to suggest how interesting the symmetry of this pattern.

Price action in FX was mixed during the morning London session, kicked off by Swiss inflation data & rounded out by elevated Sterling & yen volatility.

What the heck does the phrase “sell in May and go away” mean and can it translate to forex trade opportunities? Here’s what you need to know.

Yen pairs barely flinched from yet another set of intervention threats from the Japanese Finance Minister as traders focused on positive wage figures and the BOJ minutes.

The dollar bulls flexed their muscles across the board last Friday despite the release of weaker-than-expected employment numbers from Uncle Sam. What’s up with that?!

The April NFP report looked pretty awful on the surface, so the Greenback slumped hard before doubling back and then climbing higher. Wait, what? Yep, you read that right. Looks like it’s time to take a closer look at the NFP report for clues.

The Aussie was the top loser (again) this week, although the other comdolls got a beat-down as well. The Greenback, meanwhile, was this week’s top winner since it gave all its forex rivals the boot. So, what was driving forex price action?

All was calm in the forex front, as traders hunkered down for the upcoming NFP report. Most currency pairs were milling about in tight ranges, but pound and Loonie pairs were on a roller coaster ride.

What have the major central banks been up to lately? Let’s have a quick review of what the ECB, Fed, RBNZ, BOJ, and the RBA had to say in their latest monetary policy announcements.

All eyes on the NFP report! With the monster report only a few hours away, not even the return of Japanese traders from their holidays was enough to provide volatility for most of the major currencies.

Is this the calm before the storm? The Greenback seems to be treading extra carefully ahead of today’s NFP release, but it did get some support from Fed officials’ speeches.

We had some rather wonky price action during today’s morning London session, but it looks like forex traders were mainly turning to risk sentiment again for direction, given that the forex calendar was rather sparse.

We’ve got another NFP Friday coming our way, forex friends! If you plan to trade this top-tier event and need to get up to speed on what happened last time and what to expect, then gear up by reading up on my Forex Preview for the April NFP report.

The forex bees were barely buzzing today, thanks to many Asian equities markets closed for their respective holidays. So what moved the major currencies?