Pip Diddy

The prospect of a recession dragged the dollar lower, while fading optimism after last weekend’s trade truce boosted the yen across the board.

Higher-yielding commodity currencies paused from their earlier rallies but the market mood was still positive overall. Stronger than expected PMI lifted the dollar, too.

After getting whupped earlier, the Greenback regained its footing and was the top currency of the session. USD strength and Brexit-related concerns, meanwhile, were a drag on both the pound and euro.

So far, the trade truce between the U.S. and China isn’t churning out pips for the Greenback. Which catalysts can move the dollar this week?

The BOC is up this week! What will the central bank say? More importantly, how will traders react to this week’s top-tier events?

With only the industry PMIs on deck this week, pound traders are free to keep their eyes glued to the tube to gauge how MPs might vote on the Brexit deal.

Risk-taking was the name of the game during the Asian session, as traders price in a “cease fire” between the U.S. and China as well as Russia and OPEC possibly extending its deal through 2019.

Even though Italy’s debt issues just won’t quit, there were a number of factors pushing the euro around in the past few days. Can a stronger theme emerge this time?

Is the yen in for another week of taking cues from risk appetite? If it is, which catalysts can move the safe haven around?

Australia is in for a busy trading week, with the RBA and a GDP report scheduled in the next few days. Here are catalysts you should watch out for!