Pip Diddy

USD reigns despite negative economic updates from the U.S. It’s likely traders were moving back into Greenbacks on a mix of risk aversion sentiment & the continued issues with U.S. dollar funding. 

Mixed performance for GBP as traders worked off the usual global risk aversion sentiment, counter currency stories & net negative updates from the U.K.

No love for the euro and franc this week after a dreadful round of European business sentiment and economic updates.

Volatile week for CAD as it moved with the roller coaster ride in oil prices, along with being heavily influenced by counter currency flows & global risk sentiment. 

Negative economic updates & rhetoric from New Zealand, paired with continued negative global risk sentiment put the Kiwi in near last place against the majors for the week.

Tough week for Aussie bulls as risk aversion sentiment dominated once again, this time on a combo of both the coronavirus pandemic & disappointing economic updates from Australia.

JPY sees gains against the majors on negative vibes from continued coronavirus fears, the Saudi-Russia oil price war, & a global economy likely in recession.

With the U.S. NFP report just around the corner, I thought we should check out USD/JPY for opportunities. What do you think?

CAD is on the move, likely on the spike higher in oil prices. Is this a momentum move in the works & is the support break EUR/CAD the real deal? 

Another round of mid-tier reports is due from the euro zone, so I’m looking at another euro pair to play the ongoing downtrend.