Pip Diddy

The euro came out net positive, likely on improving economic updates and growing optimism as the European opens the economy back up.

CAD was the biggest loser of the week, likely on a sour Canadian business outlook & expectations of a historic federal budget deficit.

It was a net gain for the Kiwi despite a lack of major catalysts, likely due to counter currency flows and broad risk sentiment mostly leaning positive throughout the week. 

Counter currency drivers & risk sentiment made for a mostly choppy week for AUD. Ultimately, it was a net losing week on news of rising coronavirus cases & Australia locking back down. 

Improving Japanese data & a late week turn in global risk sentiment helped JPY close the week in the green before the Friday close. 

The London session is light on potentially market-moving economic releases, so I’m looking ahead to Canada’s jobs data and its possible impact on USD/CAD.

With a top tier catalyst ahead from Canada, we’re looking at a technical setup on CAD/CHF for potential pips into the weekend.

I’m keeping my eye on this pair for another trading session as resistance seems to be holding well. Take a look!

With risk sentiment in positive territory & potential catalysts from Australia & China ahead, the uptrend in AUD/USD is one to watch for the next session. 

New lockdown measures in Australia weighed on the Aussie while stimulus prospects supported the pound during the Asian session. Will these themes push GBP/AUD above a key resistance in the next few hours?