Pip Diddy

Market watchers continued to keep close tabs on Italy’s political situation, with one development bringing in more uncertainty after another.

Political uncertainty in Spain and Italy continued to weigh on the euro. Although the euro did eventually find support. The yen, meanwhile, was propelled to the top, thanks to the intense risk-off vibes caused by all that political uncertainty.

There were no major economic reports or fresh catalysts during the Asian session, but that didn’t stop the bulls and bears from partying in the pip streets.

The lack of top-tier market events during the Memorial Day holiday in the U.S. kept traders focused on fresh political risks in the euro zone. 

The euro was forced to give back its earlier gains, thanks to political uncertainty in Italy and Spain. However, all that uncertainty was apparently a boon for the safe-haven yen.

It’s the start of a brand new month and you know what that means – it’s NFP week, yo! Here are other catalysts that might affect the dollar’s price action this week.

Oil price action nudged the Loonie to its second consecutive week of losses last week. Think it will continue to move the comdoll around this week?

A pretty active start for the Asian session players, as the euro and Kiwi popped higher while the Loonie fell along with crude oil prices.

Political uncertainty turned out to be the main drag for the euro last week while the franc was all over the place. Can these currencies perform better this time?

Brexit jitters came back to haunt the pound in the previous week and the CPI miss further dampened the U.K. economic outlook. Anything that could turn frowns upside down this week?