Pip Diddy

We didn’t see any top-tier releases or fresh catalysts at the start of the week, but that didn’t stop forex market players from pricing in their biases.

The Aussie followed gold’s footsteps for most of last week. Will it have a chance to set its own tune this week? Let’s take a look at the potential catalysts.

Bond yields dictated the yen’s price action last week. Does this mean we should pay more attention to overall risk sentiment? Here are potential catalysts you should watch out for.

New Zealand’s Treasury department is scheduled to reveal its annual budget plans this week. Will they extend the Kiwi’s weakness from last week?

There wasn’t much on the docket for today’s morning London session. Even so, a few themes were clearly playing out. And the most notable ones are the extension of the pound’s broad-based recovery and the Greenback’s retreat.

There were no major economic reports scheduled during the session, so traders focused on taking a bit more risk after pricing in Uncle Sam’s weak inflation release.

Weaker than expected CPI readings for April dampened the dollar’s gains, but sterling still wound up at the bottom of the forex pile thanks to the BOE statement.

The pound was under the spotlight during the morning London session. And unfortunately for pound bulls, the pound got a bearish kick after the BOE failed to provide any hawkish surprises.

Risk-taking was the name of the game during the Asian session, but Kiwi traders missed the party after the RBNZ printed a dovish statement.

The Loonie was the star of the forex show during the U.S. trading session as surging crude oil on U.S. sanctions on Iran pulled the positively-correlated currency along with it.