Pip Diddy

Mixed performance for USD pairs this week after a slew of U.S. economic updates, including top tier events like the FOMC monetary policy meeting and the monthly U.S. employment update. 

Strange week for Sterling pairs as we did see two strong moves without a direct catalyst from the U.K. Whatever the case may be, the British pound easily takes the top spot for the week!

Thanks to surprising net positive economic updates from Europe, both the euro and Swiss franc were able to mostly outperform the majors this week.

Mixed week for the Loonie thanks to counter currency influences, oil, and comments from BOC Governor Stephen Poloz

Tough week for Kiwi bulls as it fell to both weak manufacturing data from China, as well as weak business and jobs data from New Zealand

The Australian dollar once again took a hit this week, this time on disappointing manufacturing sentiment data from its close and very large trading partner in China

Japanese markets have been closed for the Golden Week holiday, but there was enough going on around the world to prompt forex traders to lean bullish on the yen.

AUD/USD traders have been pretty quiet this week. Will the upcoming Aussie & U.S. economic data be the spark for a consolidation breakout?

Cable is likely the big mover over the next session or two with TWO big monetary policy updates right around the corner!

New Zealand’s quarterly employment situation update is the event to watch for the next session, making this textbook trend setup on NZD/JPY one to watch!