Pip Diddy

GBP pulled back from last week’s gains thanks to a round of negative economic outlooks and fears of a resurgence in coronavirus cases. 

EUR & CHF were net gainers as traders focused on rising negative global risk sentiment, & possibly on the re-opening & stimulus themes from Europe.

CAD closed out Friday as a big net loser thanks to negative risk sentiment pushing higher-yielding currencies & oil prices lower for the week’s session.

NZD went from a big winner last week to a big net loser this week thanks to global risk sentiment flipping big time after top tier global events & news.

AUD took the top loser spot this week as global risk sentiment shifted negative, thanks to worsening global outlooks and rising coronavirus fears. 

The Japanese yen takes the top spot this week, beating all the majors as the “reopening trade” fades to send traders away from risk assets.

Market bears made pips rain on the safe havens today as Asian session traders caught the risk aversion bug. Can the pound find some support from today’s releases?

Does this downtrend in NZD/JPY still have legs to play today’s driving theme or is the move set to run out of steam? 

Reversal alert! This pair fell through its head and shoulders neckline and could gain more bearish momentum in the next few hours.

USD is set to make moves on the FOMC event, & with several technical arguments in the works, EUR/USD looks like a market with the most potential opportunities.