Pip Diddy

Euro bulls held their ground despite disappointing economic data from Europe. The Swiss franc was trading with the euro until the big positive shift in risk sentiment sent CHF into loser status into the weekend.

Great week for Loonie bulls as positive geopolitical updates and news of another oil tanker event drove risk sentiment and oil prices up to support the Canadian dollar. 

With a lack of major catalysts from NZ, the Kiwi had a relatively quiet week. It’s movements were mainly tied with counter currency and global risk sentiment flows for a mixed performance result.

U.S.-China trade anxiety & weak AU economic updates had the Aussie under pressure, but news sentiment flipped in favor of the Aussie to help close the week as a net winner.

JPY comes out as a big loser as traders sold out of safe haven assets on a very positive stream of geopolitical headlines later in the week. 

With Canadian employment coming & global geopolitics shaking up the markets, could USD/CAD’s range behavior lead to a breakout soon?

With the usual Brexit & U.S.-China trade headlines rocking, ahead of top tier economic updates from the U.K., the downtrend in GBP/AUD is definitely something to watch.

We’ll focus on GBP/USD as today’s fresh momentum from Brexit developments and negative risk sentiment may have legs into the next session.

Global risk sentiment is already on the move, and with economic updates from Australia, China and Japan ahead, these textbook technical setups on AUD/JPY are very appealing.

The dollar had a wobbly week last week thanks to a mix of domestic data and market risk sentiment. Which catalysts will move the Greenback this week?