Market News

Forex price action was as exciting as watching water boil, as a lack of catalysts kept the major currencies locked in tight ranges.

The US economy is doing well; but not that well. Inflation isn’t a concern, but we should be concerned as its ticking higher.

After making strong moves earlier in the day, forex price action calmed down during the New York session as only medium-tier reports were released.

The FOMC hangover persisted into today’s morning London session, with the euro, the Swissy, and possibly the pound being the main beneficiaries. Risk aversion was also apparently in play, however.

Hello, forex friends! Fed officials decided to keep rates steady and the Greenback weakened across the board. What happened? Well, here are 3 things you should know about the most recent FOMC statement.

Risk appetite dominated the Asian forex trading session, as traders took their cues from yesterday’s FOMC statement.

Geronimo! The FOMC pulled the rug from under the Greenback’s forex legs when their statement turned out to be less hawkish than expected.

Analysts across this fair land and across the globe are now pondering and prognosticating what the Federal Open Market Committee’s (FOMC) notorious Dot-Plot will portray later today, as Janet parses the data and her words with extreme caution in order to maintain the proper cryptic tone we’ve come to hate so much.

Today’s morning London forex session was rather peaceful, as forex traders hunkered down ahead of U.S. inflation readings and the FOMC policy statement and press conference for later. Is this the calm before the storm?

G’day, forex mates! Australia will be releasing its own jobs report tomorrow. This event usually generates a knee-jerk reaction that short-term traders can exploit, so check out my Forex Preview if ya need to get up to speed.

Ho-hum. A pretty quiet session for the forex traders, as Asian session players wait for the FOMC event before committing to any positions.

Data from the U.S. economy came in as mixed as a bag of M&Ms, but the Greenback managed to end higher against most of its forex peers.

In the midst of the great commodities boom past, despite the prognostications of many it was never going to end, e.g. one top seer was fond of asking us to visualize every Chinese citizens eating just one egg and one strip of bacon and having a glass of juice every day for breakfast and voila–commodities investing nirvana.

There were no top-tier reports during today’s morning London forex session, so traders turned once more to market sentiment and commodities for direction.

If you’re not comfortable trading around central bank events but would still like to trade the news, the U.K. jobs release might be your golden ticket to quick forex profits this week.

Risk aversion was the name of the game during the Asian session, as central bank events and weaknesses in commodity prices inspired caution among forex traders.

The value of net long positions on the U.S. dollar resumed its slide. And the latest COT forex positioning report from the CFTC shows that the Greenback lost ground to most of its forex rivals, particularly the Aussie.

With no major reports on deck, forex traders turned to the OPEC monthly oil report and crude oil prices for market clues. Here’s what happened.

Not much on the docket, but today’s morning London session was rather lively, as forex traders turned mainly to risk appetite for direction. Although monetary policy divergence seems to have been in play as well.

We have a busy week ahead of us, forex warriors! Check out the FOUR central bank events that could inspire volatility in your charts.