JPY Weekly Forecast – Risk Sentiment Will Likely Drive Prices (Again)
A U.S. stimulus talks and overall risk sentiment sent the yen all over the place last week. Can the safe haven find a clearer direction this week?
Read MoreA U.S. stimulus talks and overall risk sentiment sent the yen all over the place last week. Can the safe haven find a clearer direction this week?
Read MoreAussie traders are in for a busy week as Australia prints its labor market reports, RBA’s Lowe takes center stage, and China releases a bunch of top-tier reports.
Read MoreRate cut talks rained on the Kiwi’s parade last week. Can the bulls find some momentum this week?
Read MoreUSD was a big loser on rising positive risk sentiment, stemming from continued hopes of a stimulus package, as well as positive updates on COVID-19 treatment.
Read MoreWith no major Brexit breakthroughs or top tier economic updates from the U.K., it was a choppy, low volatility week for the British Pound.
Read MoreBetter-than-expected business sentiment data gave the EUR & CHF an early lift, enough to weather net negative economic updates, Brexit uncertainty & counter currency flows.
Read MoreCAD was the top major this week, benefitting from a broadly risk-on vibe & rising oil prices, while ignoring mostly disappointing economic updates from Canada.
Read MoreThe Kiwi dollar had trouble finding any love despite risk-on vibes from the financial markets, indicating it was likely counter currency flows & continued rate cut speculation that held NZD down.
Read MoreAUD took a beating after the latest Australian government budget report but was able to recover due to hopes of a new U.S. stimulus deal coming soon.
Read MoreJPY came in as the biggest loser as risk sentiment swung positive, likely due to traders pricing in high hopes of more stimulus coming to help the global recovery.
Read MoreThere is real magic in enthusiasm. It spells the difference between mediocrity and accomplishment Peale Norman Vincent