Pip Diddy

Overall risk aversion pushed the yen to the top of the forex pile last week. Will we see a retracement or extension of the moves this week?

Gold and risk sentiment moved the Aussie around last week. Will they continue to dictate its price action this week?

Dovish outlook and Greenback demand dragged Kiwi to its third losing week last week. Will this week’s catalysts turn the tides on the comdoll?

CHF was still in demand because of the risk-off vibes during the session. However, CHF was outpaced, not by JPY or USD, but by the Kiwi. GBP, meanwhile, was broadly lower despite net positive U.K. data.

With no new catalysts to price in, Asian session traders turned to prevailing as well as currency-specific catalysts for volatility.

Weak data? No problem! The Greenback continued to rake in safe-haven gains and got an extra boost from mostly hawkish comments by Fed official Evans.

The Kiwi was rushed by fresh sellers during the session, thanks to dovish comments from RBNZ’s McDermott. The pound, meanwhile, finally caught a bid and was even the top-performing currency of the session.

Asian bourses started the day on a weak note, but frowns turned upside down as trade war fears eased (at least on China’s side).

And trade war fears are back! China set the date for matching the latest set of tariffs from Uncle Sam, reminding traders that things could still get ugly from here.

There wasn’t much on the docket for today’s morning London session. Even so, the session was rather lively since a few themes were playing out, namely GBP weakness, JPY strength, and USD recovery.