Market News

Buried among the top-tier economic headlines this week is news of Argentina’s debt default. Is this another financial crisis in the making?

Not even the improvements in Chinese manufacturing PMIs were enough to keep the Aussie supported in today’s trading, as weak data from Australia pushed it lower.

Despite a couple of possible market movers, most of the major currencies remained in their intraday ranges during the US forex trading session.

We had lots going on for the morning London session thanks to a slew of European data, as well as a continuation of momentum from the Asia and U.S. sessions.

Now that the FOMC has given its monetary policy statement, let’s have a quick rundown of what happened and what it means for the dollar.

It’s a double-whammy for the Aussie! AUD/USD was unable to recover off its recent lows as data from the Land Down Under came in much weaker than expected.

Just when it looked like the Greenback bulls would bring home the bacon, Janet Yellen and her gang provided the bears some meat to chew on.

Typical of FOMC decision days, volatility was tight but there were a few directional moves for forex traders to grab a few pips from.

Since NFP Friday is fast approaching, it’s about time we take a closer look at the U.S. labor market and figure out how the upcoming jobs release could affect dollar movement.

It’s all about dollar strength, baby! Even though there were no major reports released in the Asian trading session, the Greenback continued to edge higher against its forex counterparts.

The dollar dominated the US session as traders priced in mixed economic reports and a bit of risk aversion in the markets.

Volatility picked up for the Tuesday London session, with forex traders’ focus on Pound and Kiwi weakness.

Brace yourselves, forex fellas! The Fed is set to make its interest rate statement this week so y’all better take a few minutes to figure out how this top-tier event could affect price action.

In case you’re wondering what that sharp Kiwi selloff was all about, then here’s the latest scoop.

The major currencies traded in tight ranges as investors react to mixed US reports and prepared for the big week ahead.

With an empty calendar ahead of a big week of economic data, there wasn’t much forex volatility to speak of during the morning London session.

It’s time for another edition of my economic data roundup, and this time I’ll be focusing on the latest set of reports from the United Kingdom.

So it seems risk appetite is still weak, huh? AUD/USD and NZD/USD edged lower in today’s Asian trading session while yen pairs rebounded.

The dollar continued to rake in pips during the U.S. forex trading session as investors priced in general risk aversion and prepared for the NFP week ahead.

Forex volatility picked up in the London session thanks to weak German data, a read on U.K. GDP, and further downside momentum in the Kiwi.