Market News

Geronimo! Just after the riskier currencies staged a solid forex rebound during the earlier trading sessions, downgraded growth forecasts from the IMF turned smiles upside down.

There were tons of reports during today’s morning London trading session, but forex traders had their sights on the pound due to the CPI readings for the U.K. and BOE Carney’s speech. So what happened and how did the pound react?

To cut or not to cut? That is the question. The upcoming BOC statement could set the tone for the Loonie’s forex price action so let’s take a look at the factors that might influence the policymakers’ decision.

Another mixed trading for forex traders, as market players priced China’s weak data dump and a bit of positioning ahead of this week’s major reports.

The latest Commitments of Traders forex positioning report from the CFTC shows that the Greenback held steady against most of its forex rivals, but noticeable got pushed back by the euro and the yen (yet again).

Higher-yielding currencies took a break from their recent dive, as the OPEC monthly report suggested that the oil situation ain’t so bad. Forex traders also probably lightened up their positions ahead of today’s Chinese GDP release.

The forex calendar for today’s morning London trading session was practically empty, so most currency pairs were happily milling about in tight ranges. The only breakers of the peace were the Loonie and the Japanese yen.

We’ve got tons of tier 1 forex reports coming our way this week! For now though, let’s focus on the 3 things pound bulls and bears need to pay attention to.

Forex price action was as mixed as my laundry colors, as traders priced in worries over Iran’s oil hitting the markets and a few changes from the PBoC.

Just when it seemed as though higher-yielders were about to emerge unscathed last week, risk aversion gripped the forex market once more due to oil industry concerns and mixed U.S. data.

Hello, forex friends! China has been under the spotlight recently, and China may potentially be under the spotlight yet again this week with the release of its Q4 2015 GDP in focus. So, what do the available reports tell us?

Loonie weakness was the name of the game for this forex trading week, with yen and Greenback demand, as well as pound weakness, as secondary themes.

The odds we are entering a nasty bear market in stocks have grown dramatically—price action as we saw yesterday is an example of the difference between bull and bear markets.

No top-tier items on the docket for today’s morning London trading session, so forex traders turned to risk sentiment for direction, resulting in another lopsided battle between the safe-havens and the higher-yielders.

Contrary to what most forex market watchers were expecting, the British pound was actually able to rake in some gains after a downbeat BOE statement. What gives?

Major forex pairs tracked a V-pattern during the Asian session, as oil concerns shook the fragile recovery of risk appetite.

Risk appetite made a strong comeback comeback with equity indices rallying close to 2% at the open, but mixed data from the U.S. economy kept the dollar’s forex gains limited.

All eyes were on the pound during today’s morning London forex session, thanks to the BOE rate decision and MPC statement. The pound was not the only mover, however.

The Australian economy shed fewer than expected jobs in December, but the underlying components of the report might be stronger drivers of AUD forex trends.

Forex price action was a mixed bag of nuts, as geopolitical events got mixed in with positive economic reports from China and Australia.