Recap

Price action was mixed and it was a  push-and-pull kind of week as traders and investors weighed fresh banking sector crisis concerns against a potential shift in monetary and interest rate policies. Hard assets like bitcoin and gold…

Risk-off behavior dominated the financial markets most of the week as traders juggled between a hawkish interest rate outlook against negative headlines from the U.S. banking sector. Benefiting from both broad risk aversion conditions…

Thanks to a heavy economic calendar, it was a very busy week for forex traders who had to balance global business surveys, economic data updates and lots of central bank speak.  It’s no surprise that we saw choppiness and a less tight…

Sticky inflation and green shoots from PMI surveys had bond yields pumping higher and risk assets moving into the red this week. It was no surprise that the U.S. dollar dominated the FX majors, solidified on Friday by another hot…

U.S. data and headlines dominated this week, particularly the highly anticipated inflation updates that were hawkish for the U.S. Dollar.  But it was the euro that took the top spot this week, likely benefiting from continued…

Choppy price action across the FX majors as traders see-sawed between fresh commentary and developments from major central bank officials, most of which pointed to broadly higher interest rates ahead. There were clear winners and losers,…

Despite a less hawkish FOMC event on Wednesday, the U.S. dollar took the top spot among the forex majors this week. Friday’s one-two punch of way better-than-expected U.S. jobs data and U.S. business services survey data easily lifted it…

It was a relatively quiet week in the financial markets with major financial hubs out for the Lunar New Year holiday, and no major surprises from a much lighter economic calendar this week. On Monday, ECB President Lagarde said that…

In a mixed week of FX trade, the British pound took the top spot as U.K. employment and inflation data likely supported speculation that more rate hikes may be needed. While on the other end of the spectrum, the Japanese yen was the…