Analysis

This week’s calendar was action packed, prompting our FX strategists to focus on shorter-term ideas and very specific fundamental and technical triggers. 

It was one of those rangebound types of weeks in the forex market as currencies chopped around due to a busy forex calendar. 

Global markets had a topsy-turvy run this week, as sentiment kept flipflopping mainly on Chinese stimulus developments, earnings data, and major central bank decisions.

This forex pair has been treading carefully ahead of top-tier U.S. releases this week. Is it in for trend continuation or a reversal?

The Fed’s preferred U.S. inflation metrics are here! Will the numbers feed into the market’s preferred aggressive rate cut scenario or keep the USD rally going?

Looking for a news event to trade today? Check out these areas of interest I’m watching on USD/CAD as the BOC gears up to make its policy statement.

ECB members recently hinted that it’s too soon to talk interest rate cuts. Will we get more deets on their rate cut conditions this week?

As expected, the BOJ kept interest rates on hold and even lowered their core CPI forecasts. What does this mean for Guppy’s uptrend?

With the RBNZ as one of the last few hawkish central banks of the bunch, the upcoming quarterly NZ CPI release has the potential to make-or-break the Kiwi’s trends.

BOC will be the second central bank to publish policy decisions this week! What are the markets expecting and how may CAD react?

Can we still get any surprises from Governor Ueda and his fellow policymakers during the BOJ decision? And how might JPY pairs react?

It’s gonna be a busy trading week with THREE central bank decisions, New Zealand’s quarterly CPI, the U.S. GDP report and core PCE price index lined up. Phew!

Our strategists saw a challenging environment ahead, so the focus was shorter-term ideas, which arguably were net supportive in leading to positive outcomes.

Negative risk vibes & fading rate cut positioning pushed USD up early, but the dollar lost momentum as traders’ focus shifted to a busy news flow & calendar from other areas.

Plenty of catalysts this week but the main theme was the repricing of interest rate expectations as central bankers pushed back on aggressive cut expectations.

USD/JPY is trading almost 300 pips higher from its weekly open prices! Can the bulls extend their gains before the week ends?

We’ll have an early glimpse into consumer sentiment for this month, thanks to the University of Michigan’s index for January.

How low can AUD/CAD go before enough AUD buyers show up to change the pair’s direction? We’re looking at the 1-hour chart, yo!

Australia’s jobs report could be a good opportunity to catch quick pips on AUD pairs. Will the December employment figures make or break RBA tightening hopes?

Weaker-than-expected U.K. labor market data got traders selling the British pound today. GBP/USD, in particular, is now trading under a key support zone in the 1-hour time frame.