Market News

Disappointing news from Uncle Sam finally caught up to the Greenback, as the low-yielding currency gave up pips to its forex counterparts.

The value of net long positions on the Greenback jumped for the fourth consecutive week. In addition, the latest COT forex positioning report from the CFTC shows that all of the Greenback’s forex rivals were in retreat, except for the defiant Kiwi.

The Fed meeting turned out to be a dud, as policymakers simply discussed deposit rates among themselves, but that didn’t stop the Greenback from advancing against its forex peers.

Today’s morning London forex session was surprisingly active, with many currency pairs flashily bustin’ the moves in a volatility party, even though today’s a Monday.

If you’re a good ol’ fundamentals guy like me, you’re probably convinced that the Canadian economy ain’t doing so well. So why is the Loonie staying afloat against its forex peers?

The dollar gained ground against its counterparts after talks of a rate hike this week made its round in the forex grapevines.

Talk about making a strong comeback! The Greenback may have given up some ground earlier in the week, but it finished Friday strong and recovered against its forex peers.

Greetings, forex friends! If you’re wondering whether or not oil prices are still weighing-in on the major economies, then look no further since I’ve got a one-stop shop inflation roundup. Does that make sense?

The forex trading week has come and gone, and the theme for this trading week was Aussie domination, with euro and Swissy weakness as well as Kiwi strength as minor themes. Let’s take a look at what drove price action for the Aussie, shall we?

The pound and the euro both got torpedoed during today’s morning London forex session. Meanwhile, the high-yielding Aussie was quietly sucking up most of the demand for riskier assets during the trading session.

Additional easing? No dice. BOJ Governor Kuroda and his gang of policymakers decided to sit on their hands once more, declining to dole out more stimulus even though Japan is back in recession.

Forex price action was a mixed bag of nuts, as a lack of major economic data paved the way for a bit of profit-taking and extension of yesterday’s moves.

It wasn’t such a good day to be a dollar bull, as the Greenback gave up more ground to its forex peers despite strong data. What’s up with that?

Whoo wee! Today’s morning London forex session was pretty hectic, with lots of events and the volatility to show for it. Overall forex price action was rather choppy, though, with little in terms of major directional moves.

The FOMC minutes suggest that all roads lead to a Fed interest rate hike in December. Is the Greenback about to leave its forex peers eating its dust?

The dollar was once again the biggest loser in the forex bunch, as Asian session traders priced in the latest FOMC minutes.

Financial watchdogs and regulated forex brokers themselves have been issuing warnings on fraudulent firms posing as licensed entities. Should you be concerned?

Buy the rumor, sell the news! The FOMC minutes pretty much confirmed that a December liftoff is in the cards but the Greenback retreated against its forex peers when profit-taking took place.

Not much on the docket, but today’s morning London forex session was pretty interesting nevertheless, as forex traders tuned in to BOE Broadbent’s speech and market sentiment for direction.

Central bank events aren’t the only catalysts than can potentially rock this forex trading week. We’ve also got the UK retail sales report coming up. And it just so happens that I’ve got a handy Forex Trading Guide for that event.