Pip Diddy

Loonie traders have a lot going for them this week with Canada’s data releases and a bunch of brewing market themes.

A bunch of low-tier reports are lined up from the eurozone while the Swiss economy has a couple of releases that might be worth watching.

Only a handful of low-tier reports are on the docket for the U.K. economy this week, but it might be helpful to keep tabs on these leading indicators.

Japan isn’t printing top-tier releases this week, which means yen traders will likely pay closer attention to safe-haven demand.

Aussie traders are in for a busy week as they price in top-tier releases that can affect the Aussie’s trends against its major counterparts.

Not a lot going on from New Zealand this week, which means Kiwi traders will likely take their cues from countercurrency price action.

Positive risk sentiment continues to be USD’s kryptonite, likely fueled this week by movement towards a new U.S. administration & continued positive vaccine news. 

Difficulties with Brexit negotiations was the likely main factor in Sterling’s broad move lower to a net negative week after an opening rally on Monday.

EUR & CHF were both net losers this week, likely driven by a positive lean in global risk sentiment, as well as bearish sentiment data from Europe early in the week.

Global risk sentiment was once again the likely main driver for CAD’s mixed performance, with rising likely helping the Loonie close net positive for the week.