Market News

Forex traders shunned the pound during yesterday’s morning London forex session. But today, they decided to shower the pound with some much-needed love, thanks to the U.K. jobless rate falling to the lowest level ever since mid-2008.

G’day, forex mates! The U.K. ain’t the only one releasin’ its jobs report since the Land Down Under is gonna be doin’ that, too. So, if you haven’t already, why don’t you read up on this edition of my Forex Trading Guide?

Not a good day to be an Aussie bull, huh? Forex traders reacted to bleak Chinese inflation data and Westpac’s announcement which might leave room for RBA easing.

Forex price action was a mixed bag of beans, as the lack of tier 1 reports left direction up to risk sentiment and individual currency stories.

The pound was on the hot seat during today’s morning London forex session, thanks to headline inflation’s unexpected trip into negative territory.

Pound traders, huddle up! The U.K. is set to print its September jobs report on Wednesday (October 14, 9:30 am GMT), giving forex junkies a nice opportunity to grab quick pips. Here’s my Forex Trading Guide for this event.

Retreat, comdolls, retreat! Forex traders weren’t fooled by the razzle-dazzle of China’s stronger than expected trade balance, as the components revealed a massive slump in local demand.

The latest COT forex positioning report from the CFTC shows that the U.S. dollar was losing ground against the majority of its forex rivals. Also, the value of net long positions on the Greenback slipped back to $20.89 billion.

With U.S. bond markets and Canadian markets out on holidays, the dollar emerged as an overall winner during the U.S. forex trading session.

The lazy mood from the earlier Asian session continued in today’s morning London forex session since there was only one item on the docket. There were some movements, however, since forex traders were probably taking cues from the commodities market.

The Canadian economy printed an upbeat employment change reading of 12.1K for the month of September, but the underlying figures are telling a different story. Here’s what you should know.

The forex market seems to have had a case of the Monday blues, as banks in Japan, the U.S. and Canada are closed on a holiday. Here’s what’s coming up.

The major currencies were in Chopsville for most of the U.S. session, as we saw limited volatility from forex traders.

The forex trading week has come and gone, and this week, it seems like forex traders were loading up on the Kiwi and the Aussie. What drove demand for these two comdolls? And which pairs gained (or lost) the most?

Just when it seemed that most forex junkies were ready to take any upbeat Fed remarks with a grain of salt, the FOMC minutes revealed that policymakers weren’t THAT hawkish at all!

Risk on, baby! Higher-yielding currencies continued to rake in their forex gains in today’s Asian session after the FOMC minutes suggested that borrowing costs might stay low for much longer.

The dollar lost pips against its forex counterparts after the Fed’s meeting minutes turned out to be more dovish than analysts had thought.

The S&P 500 index may be setting up nicely for another big move lower. Presently it is correcting higher; possibly it’s that Joker—Mr. Market—sucking in more victims who listen to the buy and hold guys leading the bull charge again—thank you financial TV.

Forex traders had their sights on the pound during today’s morning London forex session, thanks to the BOE’s rate decision and the accompanying MPC meeting minutes. So, what happened and how did the pound react?

If you’re looking for an opportunity to trade the news, then you’re in luck because Canada will be printing its September jobs report on Friday. Here’s my Forex Trading Guide for this release.