Analysis

AUD/NZD looks ready to bounce from a broken trend line resistance! Will the break and retest setup play out in time for the RBNZ’s policy decision?

Traders are in for a BUSY week as the U.S. prints the Fed’s preferred inflation gauge, the Euro Area updates its inflation readings, and a bunch of central bankers step under the spotlight.

Our forex strategists had an arguably neutral round of strategy discussions & with choppy price action, outcomes were more dependent on risk management practices. 

The Kiwi took the top spot without a major catalyst from New Zealand, followed by the Aussie and Sterling thanks to relatively hawkish central bank speak. 

Broad risk sentiment leaned positive but price action was mostly choppy as traders digested sentiment data, central bank speak, & geopolitical developments. 

EUR/CHF is testing a key support zone ahead of the Eurozone PMI releases. Will we see a trend extension or a reversal in the next few trading sessions?

We’re getting a parade of flash business surveys from the Euro area on Thursday, which tends to be a euro mover! What the markets are expecting this time?

GBP/CAD just turned lower after rising by half of its average daily volatility. Is the pair ready for a pullback? Or are the bulls just taking a breather?

Canada is gearing up to unveil new CPI data, likely to impact sentiment on the BOC’s monetary policy outlook. What are the forecast & potential price moves?

EUR/GBP traders are testing a key resistance zone for a third time in the last few weeks! Will we see new monthly highs for the pair this week?

In the next couple of days, we’ll know more about the RBA and FOMC’s last policy decisions and take a sneak peek at November business activity trends for the major economies.

Our forex strategists had an arguably net effective week with three out of four of our discussions generally playing out in favor of our biases.

The Aussie led the pack with Australian data pointing to persistent inflation, while USD lagged due to emerging signs of declining inflation in the U.S.

The U.S. CPI update took center stage to influence broad risk sentiment, as well as U.S. dollar & bond yield sentiment big time throughout the week.

Who’s looking for more trend setups? If you are, then you better not miss what’s cookin’ on EUR/JPY’s 15-minute chart!

GBP/AUD just broke a key short-term technical support! Which levels can you watch out for if you’re FOMO-ing on GBP/AUD’s breakout?

Australia’s latest jobs data is coming & could heat up AUD volatility quickly! be sure to review the forecasts & potential reactions before managing risk!

CHF/JPY is retesting a resistance level that hasn’t been broken in weeks! Will the pair see a breakout today?

Another batch of U.S. inflation numbers from October will be released this week! Will this update further influence Fed “rate cut” speculation?

Can EUR/GBP maintain its uptrend ahead of and after the U.K.’s labor market data release? We’re taking a closer look at the 15-minute time frame!