Pip Diddy

CAD was hit hard on the usual risk aversion influences from the continued Coronavirus theme, & also on expectations of more cuts from the BOC down the road if necessary.

EUR & CHF benefited from the continued coronavirus-induced risk aversion environment, and likely on arguably net positive economic updates from Europe.

It was a mixed week for NZD, but ultimately ended up as a net loser at the Friday close, once again on negative global risk sentiment due to the Coronavirus.

It was a battle between Coronavirus fears and net positive Australian economic updates, and it looks like the fundies win out as the Aussie comes out a net winner.

It was a choppy ride early week, but the Japanese yen ends the week as a net winner as Coronavirus fears once again bring traders to the safe have asset

With both the U.S. and Canada printing labor market numbers today, I’ve got my eyes on a potential triangle trade on USD/CAD. What do you think of this setup?

Global risk sentiment continues to dominate FX behavior, and with top tier Australian economic data ahead, this simple pattern on AUD/JPY is one to watch!

The Fed’s surprise cut may have weighed on the dollar, but word through the forex grapevine is that the BOE is under pressure to ease also. That’s why I’m looking at this Cable setup!

The Loonie is seeing short-term action today after the Bank of Canada cuts interest rates, making this simple setup on CAD/JPY one to watch for the session. 

Today’s set of PMI reports from the euro zone got me looking at EUR/AUD’s 1-hour chart. Is the pair in for a reversal?