Pip Diddy

With a lack of major news from Canada, risk sentiment & counter currency flows were the main drivers for the Loonie’s mixed performance this week.

Big hit to Kiwi on both risk sentiment moving further negative on rising pandemic fears, and another hint of a potential move to negative interest rates from the RBNZ.

An ugly week for the Australian dollar as broad risk sentiment soured due to rising pandemic fears, negative comments from RBA officials and negative economic updates from Australia. 

JPY bulls were net winners as the negative lean in global risk sentiment on pandemic & economic slow down fears drove traders to safe haven currencies all week. 

With no major data release on the docket, I’m keeping my eye out for risk trades like the one on AUD/USD’s chart. Are you looking at the setup too?

With Brexit uncertainty still in play and broad risk sentiment still in the negative, this box setup on Guppy is one to watch for potential short-term pips. 

High-yielding currencies took more hits against the Greenback during the Asian session. Will today’s releases and scheduled statements turn the tides for NZD/USD?

We’ve got both bullish & bearish opportunities on EUR/NZD to be on the look out for as the pair picks up in volatility after European PMI data & the latest RBNZ statement. 

It’s PMI day for the major European economies today! Here’s why I’m checking out GBP/NZD for potential trade opportunities in the next couple of hours.

No changes are expected from the RBNZ, but they have been known to surprise traders & spark some action in NZD, making NZD/USD one to watch as it consolidates.