Pip Diddy

A pretty busy day for Asian session traders, as they price in China’s trade data just as the U.S. announced a specific date for a fresh set of tariffs.

Another day, another set of geopolitical risks! This time, Canada and Saudi Arabia took center stage as the latter targeted trade ties in the middle of a human rights dispute.

The Aussie and Kiwi were initially in the lead. However, the euro later joined the fray and eventually claimed the top spot. The Greenback and the pound, meanwhile, were also in a race – to the bottom of the forex heap.

Asian session market players took cues from the previous session and priced in strong earnings reports. However, gains were limited by geopolitical concerns.

The U.S. session was a relatively light one in terms of data, allowing major currencies to hold on to their standing from the earlier session.

The session was a bit light in terms of market-moving news or economic reports. Even so, there was some action to be had since GBP found sellers right from the get-go, while USD caught a bid late into the session.

The FOMC and NFP got nothing on trade-related updates last week! What could move the Greenback this week?

Will NAFTA updates, crude oil prices, and domestic data dictate the Loonie’s price action again this week? Here are the potential catalysts!

The euro had a slightly better run in the previous week but still found itself behind most of the pack. The Swiss franc, on the other hand, took better advantage of risk-off flows.

Asian session traders were reluctant to make waves today as they wait for more global trade developments, but that didn’t stop Loonie bulls and bears from partying in the pip streets.