Pip Diddy

Sterling rallied early on a string of better-than-expected economic updates, & managed to hold its net gains despite more Brexit drama & dovish BOE statement.

There was no love for EUR or CHF despite better-than-expected economic updates from Europe, suggesting no-deal Brexit fears may have been the big theme.

Rising oil prices weren’t much help for the Loonie, which struggled for another week as fresh data from Canada disappointed, and on broad risk sentiment slipping negative at the end of the week.

NZD rode higher this week as traders priced in positive comments from New Zealand government officials, better-than-expected NZ data, and counter currency weakness.

Choppy week for the Australian dollar as traders balanced mixed Australian updates against counter currency themes and news events. 

JPY took the top spot this week, possibly riding higher on expectations of the new PM to continued Abenomics, and possibly on positive vibes from the latest Bank of Japan statement, and risk sentiment leaning negative at the end of the week.

The U.K. is printing its retail sales numbers today! Will the release give another reason for pound bears to attack? Check out this key inflection point on the 1-hour time frame!

With little catalysts ahead, today’s market themes may be the drivers of volatility for the latest short-term setups, including this break-and-retest pattern on GBP/JPY. 

Can dollar bulls maintain their upside momentum against the Greenback’s major counterparts? Here’s why I think we should look at USD/CAD in the next couple of hours.

AUD/USD will highly likely see some action ahead with today’s Fed statement and Australian job numbers right around the corner.