Market News

The BOJ’s statement was one of the biggest market movers this week. Did you miss it? Here are 4 things you need to know about the event.

With Japanese traders out on a holiday, Asian session forex traders simply extended the themes from the U.S. session. The dollar lost more pips while the yen strengthened across the board.

Traders showed no love for the Greenback after the downbeat U.S. advance GDP reinforced the Fed’s downbeat views. Here’s what happened.

Mr. Carroll, I think we have entered the world of nonsense; it seems pervasive, but as it applies to monetary and fiscal policy nonsense is the word. For the down the rabbit hole we have gone.

Lots of economic reports for the Euro Zone during today’s morning London session, but the euro’s forex price action was mixed, probably because forex traders were being influenced more by market sentiment.

The U.S. Fed and the RBNZ released their respective monetary policy statements yesterday, and traders reacted by ignoring or dumping the Greenback while loading up on the Kiwi. So, what did the two central banks say? Well, time to find out!

Forex trading was a mixed bag of nuts, as economic reports clashed with central bank speculations. Here’s what happened during the Asian session!

Still choosing between MT4 and MT5 when it comes to your trading platform? Here’s why the MetaQuotes CEO is encouraging you to move over to MT5.

The Greenback tossed and turned during the FOMC decision, as the Fed made a few key changes to their statement but refrained from giving any clues about their next moves.

Compared to the earlier Asian session, price action during today’s morning London trading session was more subdued and choppy, probably because forex traders are waiting for the FOMC and RBNZ monetary policy statements to be released.

If you’re looking for a likely catalyst for the Greenback after the FOMC statement, your best bet is this Thursday’s advanced Q1 2016 U.S. GDP estimate. And it just so happens that I have a nifty Forex Trading Guide for that event.

Forex trading was a mixed bag of nuts, as economic reports clashed with central bank speculations. Here’s what happened during the Asian session!

The Greenback slid lower against its forex rivals when traders saw mostly weaker than expected U.S. data and started closing their dollar positions ahead of today’s FOMC statement.

Not much on the docket for today’s morning London forex session, but there was volatility aplenty as forex traders turned mainly to risk sentiment for direction.

Move over, Game of Thrones! The upcoming central bank statements this week could also be filled with shockers so don’t forget to read up on what forex fans are expecting.

Ho-hum. It was a slow day for the major currencies, as the lack of economic releases coincided with cautiousness ahead of this week’s central bank events.

The latest COT forex positioning report from the CFTC shows that the Greenback’s weakness against most its forex rivals persists, although it continues to win out against the pound. Also, speculators are now net short on the Greenback for the first time since May 2015.

Forex price action in the New York trading session wasn’t as exciting as the latest Game of Thrones episode since dollar pairs seem to be waiting for any FOMC plot twists.

Volatility and directional movement were in short supply during the morning London session, with most currency pairs bound in tight ranges. It wasn’t a complete snooze fest, however, since the pound, the Swissy, and the Greenback were clearly on the move.

Thinking of trading the Loonie? Take a quick look at Canada’s main economic components and see if you can find any forex trade opportunities!