Pip Diddy

There’s not much in the way of top-tier releases from the U.K. this week. Will this mean a slow one for GBP pairs or are there other catalysts to look out for?

Risk aversion pushed the yen from its lows last week. Will this week’s market themes extend its upswings across the board?

Aside from a quarterly CPI report, Aussie traders can look forward to China’s PMI releases this week. Can Aussie see strong directional moves in the next couple of days?

No major data release from New Zealand this week, which means that traders will focus on overall risk appetite in the markets.

No love for the USD as U.S. economic data was arguably net negative, COVID-19 cases continued to rise, & the next needed U.S. stimulus deal remained uncertain. 

Mixed but net positive week as traders weighed in Brexit uncertainty against improving UK data and increasingly negative global risk sentiment.

EUR & CHF started off weak, but a highly anticipated EU Recovery Fund deal & global risk-off vibes pushed both currencies to the top spots for the week.

CAD was a net loser thanks to weak CA economic updates early in the week & a shift in global risk sentiment back to negative.

No major catalysts from NZ this week, so NZD’s mixed, net negative performance was driven mainly by global risk sentiment moves & counter currency flows. 

The Aussie took off to the upside after Tuesday’s RBA events, but it wasn’t able to hold onto it dominance starting on Thursday as broad risk sentiment flipped negative.