Market News

U.S. session forex traders were mostly in Chopsville yesterday, with bad weather and Super Bowl hangover possibly affecting trading liquidity.

The euro zone & U.K. showed improvement in a round of global manufacturing PMI data releases, & we heard SNB rumors during the London forex trading session.

The first week of the month is usually loaded with market-moving economic events so let’s dig right in and figure out how we can make forex profits with these.

Forex traders seem excited to place their bets for the top-tier events this week, as most pairs made gaps over the weekend. Will these get filled soon?

Price action was a mixed bag of nuts during the U.S. session, as forex traders priced in a weak U.S. GDP report and a bit of risk aversion.

Thanks to a heavy London session forex calendar, currency price action was choppy as traders reacted to a mix of good & bad reads from the European region.

Data released from Japan this month still reflected economic weakness, hinting that the BOJ might need to ramp up its stimulus efforts once more. What could this mean for the Japanese yen’s forex price action?

Today’s data dump from Japan showed further weakness for the world’s third largest economy, as falling oil prices continued to weigh on inflationary pressures. Here’s how yen forex pairs reacted.

Dollar domination was the name of the game during the U.S. forex trading session, as investors went back to pricing in a Fed rate hike this year.

The Aussie and Kiwi continued to slide while the euro saw buying support in the morning London forex trading session.

And the RBNZ joins the doves! In their latest policy statement, New Zealand central bank officials dropped their hawkish bias, pushing the Kiwi lower against its forex counterparts.

The Kiwi had its wings clipped in the wee hours of the Asian trading session, as the RBNZ dropped its hawkish bias. Here’s how other forex pairs reacted.

The dollar dominated yesterday’s U.S. forex trading session, as a less-dovish-than-expected FOMC decision highlighted troubles in other economies.

This morning, we saw the Aussie gave back some of its earlier gains & the euro trended lower, likely on upcoming Greece/EU negotiation of bailout terms.

In this edition of Piponomics, we’ll take a look at the economic figures released from the U.K. this month in figuring out how the British pound might fare in the forex arena moving forward.

Surf’s up for the Aussie! The Aussie cruised higher in the forex charts when the Land Down Under printed a relatively strong inflation report. What else is coming up today?

Nearly a couple of weeks have passed since the SNB surprised the markets by scrapping its franc peg and causing a bit of chaos in the forex industry. How are brokers and regulatory agencies dealing with the aftermath?

The dollar was hit by its counterparts in yesterday’s U.S. forex trading session, as investors take positions ahead of the FOMC statement.

The euro and Swiss franc was the main forex focus of the morning London session with the Swiss National Bank ready to intervene in the currency markets.

One of the much-awaited events on the forex calendar for this week is the FOMC interest rate statement, but something tells me that this might be a disappointment. Here’s why.