Pip Diddy

Not even the BOJ’s outlook changes steered yen traders away from pricing in overall risk sentiment. Will this week’s events allow the yen to dictate its own beat?

Can Aussie bulls extend their party this week? Here are potential catalysts that could influence the comdoll’s price action.

Only one major data release from New Zealand this week! Then again, as last week’s price action has taught us, it only takes one to set a trend.

Global risk sentiment and counter currency themes dominated USD price action until a Friday sell off locked the Greenback as the big loser of the week!

There was no doubt that Sterling, by far, was the one to rule them all this week! What were the latest Brexit developments that kept the bulls in control once again? 

Risk sentiment was once again the dominant market driver for the week, but we saw the euro momentarily take focus with the latest PMI data and the latest ECB monetary policy statement.

Risk sentiment and counter currency themes were the main drivers for CAD, with a couple of weak data points from Canada to put pressure on the Loonie for most of the week. 

It was a mixed week for the Aussie dollar when positive economic data runs into surprise negative news from Australia and shifting global risk sentiment. 

New Zealand data economic data was extremely light this week, but it only took one event to set the bullish tone for Kiwi traders!

After starting the week with early gains, a late shift in global risk sentiment had yen sellers coming in to push the safe haven down to close as the second worst performer of the week!