Pip Diddy

There’s not much in the way of top-tier reports from the euro zone this week, probably leaving the shared currency to take its cue from central bank rhetoric.

Japan won’t be printing any top-tier economic report this week, so we’re taking a look at some reports that could influence risk sentiment.

Not a lot of major forex data due from New Zealand this week. Will this mean more risk sentiment-based trading for the comdoll?

A pretty light week ahead for the Aussie, which only has one major economic report due over the next couple of days. Here are the potential catalysts!

Trading conditions were tight as forex traders hunkered down for the NFP report. The session wasn’t a snooze fest, though, since NZD got nudged higher while JPY dipped, likely because of the risk-on vibes.

Caution ahead of today’s NFP report kept Asian session traders in the sidelines. It didn’t hold back the Aussie bears, though, especially after a surprisingly weak trade report from Australia.

The euro and the pound continued their positive streak from the previous trading session while the Greenback barely gained support from upbeat data.

EUR and GBP jockeyed for the top spot during the session. But in the end, EUR was able to win out against GBP. Meanwhile, AUD fared poorly despite the risk-on vibes, very likely because of the fall in gold prices.

Risk-taking was the name of the game during the Asian session, as a positive Chinese report pushed higher-yielding currencies higher.

Why, thank you FOMC! The U.S. dollar recovered from its weak start this week when the minutes of the December Fed meeting supported rate hike hopes.