Pip Diddy

Despite weak jobs data & continued Brexit uncertainty, GBP was a net winner on the week, likely due to the counter currency flows & the big spike in positive risk sentiment. 

Positive global risk sentiment and dovish commentary from ECB members lead to a negative week for both the Swiss franc and euro.

There were no major catalysts from Canada this week, so CAD’s relative under performance was mainly due to risk sentiment, oil & counter currency flow.

Positive vaccine news & the latest monetary policy statement from the RBNZ were the sparks that rocketed the Kiwi higher to the top spot among the major currencies. 

AUD made some gains this week thanks to both positive global risk sentiment dominating early, and likely on the net positive sentiment updates from Australia. 

It was a losing kind of week for the Japanese yen thanks to broad risk-on sentiment coming strong early in the week and hanging on. 

The Eurozone is printing its GDP numbers today. Will the reaction be enough for EUR/AUD to break above a key resistance level?

With no major catalysts expected, we’re checking out this technical pattern on USD/CAD ahead of central bank speak from both the U.S. and Canada. 

The U.K. has a data dump on tap including its Q3 preliminary GDP read. Will GBP/JPY’s reaction provide trading opportunities today?

With no scheduled major catalysts immediately ahead, we’re checking out momentum moves, specifically in GBP/NZD after today’s RBNZ monetary policy meeting.