Market News

Forex volatility remained low in the morning London session with a light economic calendar and the world waiting for a new Greece bailout deal.

It will be the Bank of Japan’s turn to take center stage this week, as Governor Kuroda and his men will make their policy statement on Wednesday. Will they put on a good show like most of the major central banks did or will they disappoint?

Risk on, baby! Higher-yielding currencies continued to advance against the U.S. dollar in the past few hours, as the forex calendar contained some positive figures. Here’s what’s going on so far.

Forex price action was mostly muted last Friday, thanks to a lack of major news for traders to chew on.

Preliminary European GDP data was the story of the morning London session, but the forex traders have seen mostly choppy price action as we close out the week.

BOE Governor Carney stayed relatively upbeat during the Inflation Report hearings this week, pushing the pound higher against its forex rivals. Here are some of the interesting takeaways from the event.

Dollar bulls seem to have been spooked by Friday the thirteenth, as the U.S. currency gave up a lot of ground to its higher-yielding forex counterparts.

The dollar was triple roundhouse-kicked by its counterparts yesterday, as forex traders priced in weak U.S. data and a bit of risk appetite.

Forex volatility picked up big time during the morning London session thanks to a busy string of news reports from both the economic and geopolitical fronts, including the anticipated BOE inflation report.

What a wipeout for the Aussie! The Land Down Under printed weaker than expected jobs figures for January, pushing the Australian dollar lower against its forex counterparts.

All eyes were on Australia’s jobs release in today’s Asian trading session, as the Land Down Under printed dismal readings and sparked talks of another RBA rate cut. Here’s how forex pairs reacted.

The dollar was once again king of pip streets, as forex traders priced in news from other economies. Check out which currencies gave a fight!

Despite a near empty economic calendar, forex volatility did manage to pick up with the Aussie falling and Sterling strength as the main market moves of the London session.

The RBNZ’s shift to a less upbeat tone may have clipped the Kiwi’s wings, but recent economic reports indicate that the New Zealand economy is holding up pretty well. Here are some figures you need to take a look at:

The lack of liquidity in today’s Asian trading session kept most forex pairs stuck in ranges, as Japanese traders were off on a holiday. Will the consolidation carry on throughout the London session?

If there’s any strong proof that forex traders do thrive in volatility, it’s the trading industry metrics for January. Instead of dampening trade activity, the SNB shocker around the middle of the month might’ve even boosted volumes!

A clear three-wave rally from the 1.4948 low may be complete at 1.5352. If so, this sets the stage for another wave lower targeting the key weekly swing low (from 7/13/13) at 1.4816. Alternatively, a break of the 1.5352 high sets up a move to the 1.5500-level.

With no major data printed in the U.S., forex traders turned their focus on headlines from other major economies.

Forex volatility picked up in the morning London session thanks to the continued focus on Greece & the ever shifting potential for a bailout compromise.

Planning on trading the news this week? Australia’s upcoming jobs release could give you a good opportunity to grab quick pips on Thursday so let’s take a look at what might happen during this economic event.