Market News

It looks like forex traders are still biting their nails! Thanks to prevailing geopolitical risks weighing on market sentiment, traders seem to be extra cautious with their moves at the start of the week.

Thanks to a lack of market-moving reports, price action during the U.S. forex trading session mostly involved risk sentiment and end-of-week trading.

Still targeting to 1.3295 in major wave C. Today the pair is attempting to get through key support at 1.3500

Geopolitical events continues to make its mark, prompting forex traders to sit on the sidelines during the morning London session.

It has been a risk-off for the past couple of days in the financial markets as geopolitical tensions weighed on sentiment.

Risk is still off, fellas! Higher-yielders continued to edge lower in today’s Asian trading session, as geopolitical risk weighed on the markets’ appetite for risk.

Risk aversion was the name of the game during the U.S. forex trading session as geopolitical tensions in closely-watched regions rose.

Possible yesterday’s rally may be a top and the risk/reward I think makes sense to enter short given the turnover in momentum oscillators and the price divergence into the high.

Looking for a final wave down; I am viewing the rally to 101.79, labeled wave (b) as corrective in the larger C down.

Volatility was light for most currencies, but there were a couple on the move despite a near empty forex calendar for the London session.

Newsflash! The BOC has just shrugged off its hawkish feathers during its latest monetary policy statement. Here’s what happened.

Although the Aussie had a pretty good run in the past few hours, it appears that risk aversion has gripped the forex market once more and the yen is taking advantage of it.

Talk about intraday reversals! Thanks to mostly lower tier economic reports, forex market players mostly traded on risk sentiment.

We saw solid forex volatility and price action during the morning London session thanks to Asian and European catalysts.

Nope, ain’t happening! Despite the recent round of weak economic data from Japan, their central bank officials decided to sit on their hands and maintain their optimistic outlook, based on the latest BOJ statement.

Oh, what a bloodbath! The Kiwi and Aussie were among the biggest losers in the Asian trading session, and here’s why.

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What weak reports? The Greenback gained against its counterparts yesterday despite a noncommittal speech by Janet Yellen and weak U.S. retail sales data.

We got a healthy dose of volatility in the morning London session thanks to a packed economic forex calendar for Europe and the U.K.

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