Pip Diddy

NZD fell to the bottom of the rankings despite a few positive economic updates from New Zealand. It’s likely risk aversion was the main driver for the weakness, and possibly on fresh updates on the recent RBNZ hack. 

Global risk aversion was likely the main argument for the AUD moving lower this week, possibly sparked by the continued rising coronavirus cases and lockdowns. 

Rising COVID cases & renewed lockdowns brought in the risk aversion vibes this week, & was likely the main driver for the yen’s broad outperformance.

There are a few mid-tier reports lined up from the U.K. today, and downbeat results could allow this range resistance to hold. Where are pound bears hanging out?

Is the recent bounce in USD/JPY was another selling opportunity in the longer-term downtrend? 

The lack of data releases scheduled in early London session trading means that traders will take cues from overall risk sentiment for direction. Will NZD/USD trade in a new direction today?

With more Fed speak & potential economic catalysts from Australia ahead, we’re checking out the uptrend in AUD/USD for fresh short-term setups. 

A speech by ECB head Lagarde and the release of the euro zone industrial production report might be worth watching if you’re trading this pair today.

CAD/JPY hits the top of our list for the session as it consolidates ahead of weekly oil data. Will the latest oil numbers be enough to spark a breakout? 

We won’t see major data releases during the early London session, so traders will likely look to broad market themes for direction. Will NZD/USD see more dollar strength?