Market News

As expected, forex volatility was relatively low ahead of the major events of the day: the monetary policy decisions from the MPC and ECB.

In today’s edition of my Forex Trading Guide, let’s zoom in on the upcoming jobs release from Canada. Are we gonna see another disappointing report?

What a wipeout for the Aussie! AUD pairs caught a fresh wave of selling in the past few hours after Australia printed a dismal jobs report.

The Aussie is getting whacked a bit tonight on poor jobs news. From Bloomberg: Australian Jobless Rate Jumps to 12-Year High.

The dollar lost pips against its counterparts during the US forex session, as profit-taking got mixed in with a possible “fat finger” incident.

Another day, another hit for European currencies thanks to Russian tensions and mixed economic data from Europe and the U.K.

What a bloodbath for the Kiwi! In case you’re wondering what’s causing all this, here are three factors dragging the Kiwi lower these days.

The Kiwi was in for a world of hurt in today’s Asian trading session, thanks to the dairy auction and New Zealand jobs data.

It’s been a while since I’ve last written an article on bitcoins so here’s another bunch of updates for those who are interested in the digital currency.

The dollar bulls brought their A-game in yesterday’s US forex trading session as risk aversion and better-than-expected US data boosted the low-yielding currency.

Forex volatility picked up in a big way for the morning London session thanks to mixed services PMI data from Europe and the U.K.

Looks like the pound’s glory days are over! After its steady climb since the start of the year, the U.K. currency has been having trouble sustaining its gains and here’s why.

The Aussie popped higher in today’s Asian trading session, as Australia’s trade balance came in better than expected while the RBA refrained from making any surprises in their interest rate decision.

With Canadian traders celebrating Civic Day holiday and the U.S. not printing any major reports, the currency bulls and bears took chill pills during the U.S. forex trading session.

Working higher in corrective wave 2; targeting to 0.8600. Next key resistance at 0.8548…n/t swing support at 0.8494

Price action was limited among forex pairs this morning London, with the exception of a few chose pairs thanks to European data.

Newsflash! The July non-farm payrolls figure fell short of expectations as it showed a mere 209K rise in hiring versus the estimated 231K gain.

Major currencies took it easy on the dollar during the start of this trading week, after giving the U.S. currency a heavy beating last Friday.

What a bloodbath! The Greenback failed to finish the week on a strong note after the big NFP report inspired profit-taking among the dollar bulls.

It was all about risk aversion during the morning London session as the bad Thursday U.S. session for risk bulls spilled over into today’s forex trading.