Market News

After a bit of a rough time in March, the forex industry had a pretty shaky recovery in April based on trading volumes from a few brokers and exchanges.

Economic data from the U.S. came in mostly in the green, but was this enough to keep dollar strength in play? Here’s how it all turned out.

Price action was a bit choppy during today’s morning London session, but forex traders seem to be taking cues from risk sentiment and commodities for the most part, with the higher-yielding currencies getting kicked lower again.

Canada will be releasing its jobs report this Friday, so if you’re looking to grab some quick pips from Loonie pairs before calling it a week, then this event is your best bet. And it just so happens that I have a Forex Preview for it.

With our Japanese friends still out on a holiday, Asian session forex traders mainly extended the moves from the U.S. session.

With no major U.S. reports on deck, the Greenback grabbed the opportunity to regain a bit of lost ground against its forex counterparts, especially the commodity currencies.

Risk aversion was the name of the game during today’s morning London session, so the safe-havens curb-stomped the higher-yielders, especially the comdolls. The pound, meanwhile, was kicked lower because of a very poor manufacturing PMI reading.

Now here’s a central bank that walks the talk! Here’s why the Reserve Bank of Australia decided to cut interest rates from 2.00% to 1.75% this time.

Japan’s markets may be out on a holiday, but the RBA provided the opportunity for forex traders to see some volatility during the Asian session.

The latest COT forex positioning report from the CFTC shows that the Greenback lost ground to all its forex rivals, but managed to take some ground from the yen.

The weaker than expected ISM manufacturing PMI reading weighed on the dollar’s performance even though several components showed improvements. Here’s what you need to know.

According to Reuters, “The Reserve Bank of Australia (RBA) is expected to keep its cash rate unchanged at a record low of 2.0 percent at a policy review on May 3, though a growing number of economists expect a cut, an updated Reuters poll released on Monday showed.

Today may be a Monday, but there was plenty of action during today’s morning London session, as forex traders turned mainly to risk sentiment and commodities for direction.

Will the RBA cut its rates this week? Here’s a neat trading guide for forex traders who are looking to make some pips from the event.

Trading volatility was as tight as Captain America’s shirtsleeves during the Asian session, as a lack of fresh catalysts kept most forex traders in the sidelines.

The Greenback’s performance was as mixed as a bag of M&Ms while the Japanese yen continued to reign supreme against its forex peers in Friday’s New York session.

The US dollar, based on the US dollar index, has been in a range for last 13 months. I have been working off the view we are simply in a correction lower with another bull market leg due to take the US dollar index to new cycle highs.

G’day, forex mates! The Aussie got creamed last week because rate cut expectations are now apparently back into play. And since the RBA will be announcing its policy decision this Tuesday, I thought that I’d give y’all a Forex Snapshot of Australia’s economy.

The Japanese yen demolished its forex rivals this week while the Aussie got the stuffing beaten out of it. So, why was the Japanese yen so strong while the Aussie was so weak? Time to find out!

Price action was pretty choppy during today’s morning London session, and some currency pairs were even bound in tight ranges. The euro was clearly moving in a uniform direction, though.