Pip Diddy

Australia is set to print its employment report! Will the numbers be enough to prevent even more dovishness from the RBA?

New Zealand is printing its quarterly CPI this week! Will the report convince the RBNZ to cut its rates in May?

A relatively quiet week for the Greenback, but the bears were mostly in control, likely on euro strength and other counter currency influences.

It was a very rare mixed, low volatility week for the British pound despite a fresh developments to the Brexit saga, including an extension granted by the EU

The euro bounces back after another dovish ECB meeting, while the franc sank into the red as global risk sentiment improved throughout the week.

Mixed week for Loonie pairs as Canada’s nearly empty calendar allowed for global risk sentiment and counter currency flows to drive their price action. 

After a slow and choppy early week of trading, Kiwi pairs saw some directional action off of global risk sentiment and counter currency flows.

Buyers were ready to jump in on Aussie pairs, even on dips, as Australian & Chinese data improved and on RBA comments.

Global risk-sentiment rose late in the week to drive away the early week demand for safe haven currencies like the yen. 

For today’s watchlist, we’ve got a simple technical restest setup on AUD/USD after a resistance break ahead of Chinese & U.S. data ahead.