Pip Diddy

Japan isn’t scheduled to publish top-tier reports this week, so the yen will most likely take cues from other catalysts instead.

Looks like the Aussie took heavy hits from shakeups in Trump’s administration last week! Will this week’s set of reports push it higher?

The New Zealand dollar got a one-two punch from weak data and risk aversion last week. What could move the comdoll this week?

The morning London session basically just extended the themes from earlier, namely strong demand for the yen and all the comdolls getting squeezed.

Not even the lack of top-tier U.K. data was enough to stop pound bulls from charging last week. Will major events this week change all this?

A lack of top-tier reports didn’t stop forex traders from trading today, as they priced in the possibility of The Donald firing another advisor and North Korea maybe conducting nuclear tests.

Uncle Sam’s reports came in mostly stronger than expected, supporting rate hike hopes for next week’s Fed decision. In contrast, not-so-upbeat numbers from Canada and persistent NAFTA concerns dragged the Loonie to record lows.

The yen’s domination against its peers is still unchallenged since the yen only extended its gains during the session. As for other currencies of note, we have the Kiwi, which got swamped by sellers, and the Swissy, which had a good showing despite the SNB.

With not a lot of fresh catalysts to price in, forex traders focused on the recent shakeup in Trump’s administration and its impact on global trade.

Weaker than expected consumer spending figures led to a dip for the Greenback but it was quick to get back on its feet and end the session mostly unchanged.