Market News

It’s time for another edition of my Forex Trading Guide! This time, let’s zoom in on the upcoming Australian jobs release, why it’s important, what’s expected, and how it could affect the Aussie.

It ain’t over ’til the Greenback says so! The U.S. currency extended its gains against most of its major forex counterparts in today’s Asian trading session and here’s why.

The dollar dominated yesterday’s US forex trading session despite the lack of reports printed in the markets.

Forex volatility continued to be up throughout the morning London session thanks to a slew of economic data and geopolitical news from the U.K.

It looks like the labor market slowdown ain’t over yet! In this edition of my Jobs Data Roundup, let’s focus on the latest employment reports from the United States and Canada.

Did the pound put on more weight or what? The British currency opened lower against its forex counterparts over the weekend, thanks to the increasing possibility of Scotland’s independence.

Currency bears finally had a chance to pounce after last Friday’s NFP report widely missed forex traders’ expectations.

Normally, ahead of the highly anticipated U.S. NFP report, we see low volatility in forex, but we did get some directional moves in the morning London session.

Surprise, surprise! Draghi and his men dropped a bombshell on the forex market, as the ECB announced another set of aggressive stimulus plans.

Currency pairs barely made any follow through for the strong moves in the previous trading session, as traders probably took profits off right away or refrained from taking additional positions ahead of the upcoming NFP release.

What a bloodbath! We saw explosive price action in yesterday’s US forex trading session, as investors priced in the ECB’s decision to show its arsenal to the markets.

Ahead of major central bank statements, forex market volatility was light in the morning London session, but picked up big time thanks to the ECB rate cut.

Wondering why the pound has been unable to recover despite stronger than expected economic data? As it turns out, the possibility of Scotland’s independence from the U.K. is weighing on the currency!

What a relief for the yen! The BOJ refrained from ramping up its stimulus program for the time being, allowing the Japanese currency to gain a bit of ground against its forex counterparts.

The dollar gained ground against the European currencies but lost pips to the yen, franc, and the comdolls, as traders turn cautious ahead of today’s major forex events.

Global services PMI data and geopolitical news from Ukraine had forex traders moving and shaking in today’s morning London session.

As though the central bank decisions and U.S. non-farm payrolls report aren’t enough to rock the forex market this week, Canada is gearing up to release its latest jobs figures as well!

Surf’s up for the Aussie! The Australian currency got a fresh boost in today’s Asian forex trading session, thanks to an upbeat GDP report and strong Chinese data.

Now that the lazy summer days are over, traders might be returning back to their desks to catch the remaining forex market moves towards the end of the year. Is volatility likely to pick up starting this month?

Forex traders from the US and Canada were back in the game and yesterday’s price action sure showed it! Here’s how the major currencies fared during the US forex trading session.