Pip Diddy

No love for the Loonie as geopolitical sentiment dragged oil & CAD to levels it couldn’t fully recover from, despite some positive comments from the BOC.

The Kiwi ends the week as a net winner despite a round of negative sentiment in the global trade story, suggesting counter currency flows/weakness were the biggest influence this week. 

Global risk aversion sentiment & net dovish updates from Australia had the Aussie spending most of the week in the red against the other major currencies. 

Trade tensions between the U.S. & China brought on a round of global risk aversion this week, supporting the Japanese yen in the process despite net positive news & data from Japan. 

The euro zone PMIs are up for release next, and strong results could support the idea that the region is due for a rebound. 

Another round of market sourness and upcoming data from both Australia and Japan makes this simple pattern on AUD/JPY one to watch going into the final few sessions of the week. 

BOC’s Poloz is up later today, and I think GBP/CAD is presenting a good opportunity in case we see volatility for the Loonie…

CAD/JPY makes it to the top of today’s watchlist as it forms a classic technical setup after another economic update from Canada.

I’m looking at this simple range setup on the 1-hour time frame of GBP/NZD to play the ongoing pickup in risk aversion stemming from the U.S.-China conflict. 

Checking out USD/CAD today after data hits the markets from both the U.S. and Canada. Will it be enough to provide short-term momentum to take some quick pips?