Market News

It was a bad day to be a Greenback fan yesterday, as forex traders priced in Uncle Sam’s weak trade data.

Forex price action was all over the place thanks to fresh European region data and Asia catalysts carrying over to the morning London session.

Record low interest rates? Bring it on! In their latest policy statement, RBA officials decided to cut rates by 0.25% from 2.25% to an all-time low of 2.00% yet the Aussie’s forex reaction was surprising.

The RBA cut interest rates by 0.25% as expected and yet the Aussie pairs have been rallying. What in the forex world is going on?!

Thanks to the U.K.’s May Day holiday and low-tier reports scheduled from the U.S., forex price action was as eventful as last weekend’s “Fight of the Century.”

Even with U.K. forex traders out for the May Day holiday, there was plenty of action thanks to euro zone manufacturing PMI data and brent crude pulling the Loonie higher with it.

Here’s the second part of my forex review on central banks’ monetary policy biases these days. As in the first part, I’ve picked some pop songs to better illustrate where they stand.

Forex price action was as uneventful as the weekend’s Mayweather-Pacquiao boxing match, as the U.S. fighter – I mean, dollar – hesitated to throw any aggressive punches in the ring.

Forex traders started the month with a bang, as they pushed the dollar higher despite weak reports from the U.S. What happened to its counterparts?

Fortunately for us forex traders not on the Labor day holiday, volatility surprisingly picked up enough to make the morning London session worth hanging around for.

If you’re having trouble keeping track of what major central banks are saying, here’s a snapshot of where they stand these days. To make things more interesting, I’ve picked a few pop songs to illustrate their current biases.

Even though most Asian session forex market participants were off enjoying the Labor Day holiday, currency pairs were still able to make a few good moves thanks to top-tier releases in the past few hours.

Forex traders saw a fierce round of tug-o-pips during the U.S. session, as they priced in both technical and fundamental catalysts.

Forex price action was a mixed bag of beans in the morning London session, but we saw strong directional moves from the Aussie & euro for traders to chew on.

As usual, Chairperson Janet Yellen decided to play coy during the latest monetary policy statement, leaving most forex market watchers confused about the Fed’s rate hike timeline. How do you interpret these mixed signals?

Central banks hogged the forex spotlight in today’s Asian trading session, as the RBNZ and the BOJ announced their policy statements. How did the Kiwi and yen react?

What a day for forex traders! Thanks to weak U.S. data and the FOMC statement, there was no shortage of trading volatility across the board.

Great day for short-term forex traders in the morning London session as volatility picked up, thanks to a flood of economic events from the European region.

Thanks to forex market participants still crossing their fingers that the Greek debt drama will have a happy ending, the euro has managed to stay afloat against most of its rivals. But do fundamentals also support a euro rally?

If there’s anything that forex traders learned from the latest trade balance report from New Zealand, it’s that the underlying figures don’t always paint the same picture as the headline numbers.