Pip Diddy

NZD out of this week as a net loser, hurt by a disappointing inflation update from New Zealand & broad risk sentiment arguably more net negative than positive throughout the week. 

AUD nearly takes the top spot, lifted higher on positive global risk sentiment. This was enough to overcome rising fears of a second wave in Australia as COVID-19 begin to grow. 

JPY was a choppy mess as traders were battling between coronavirus headlines, global risk sentiment & a cautious tone from the BOJ.

There’s not much in the way of top-tier catalysts in the London trading session other than an upcoming speech by BOE head Bailey.

With little expectations of a major catalyst ahead, this ranging pattern on NZD/USD is one to watch ahead of business sentiment data from New Zealand. 

I’m looking at this simple uptrend retracement play on EUR/CAD as risk aversion seems to be creeping back in the markets.

The forex calendar is heavy with potential catalysts ahead from Australia and China, making the consolidation break in AUD/USD one to watch for the session. 

Corona-who? Lockdown prospects in New Zealand and rising trade and geopolitical tensions between the U.S. and China got nothing on optimism over vaccine prospects today. Think the risk-taking will extend to London session trading?

CAD/CHF hits the top of today’s watchlist as the downtrend could see further volatility with more oil inventory updates ahead. 

The U.K. is printing a couple of lower tier reports today, which could turn traders’ focus to the pound as a risk trade. Think today’s themes will extend GBP/USD’s uptrend?