Pip Diddy

This week was a rare net positive one for USD, possibly supported by better-than-expected U.S. business sentiment data & net positive economic updates. 

After positive U.K. updates lifted Sterling early, Brexit uncertainty & negative commentary from BOE members sent GBP lower to a mixed ending against the other majors.

Net negative week for both the EUR & CHF, mostly driven by broad risk sentiment and an arguably disappointing updates from Europe.

Positive economic & business sentiment updates from Canada helped CAD close the week as a the top dog, countering a mid-week fall in oil prices.

Positive risk sentiment and counter currency flows helped the Kiwi overcome falling commodity prices and net negative economic updates.

AUD was hit with a steady stream of disappointing economic updates from Australia to close out Friday as the worst performer among the major currencies. 

With no major events from Japan, the Japanese yen was mixed and choppy this week, driven mainly by broad risk sentiment and counter currency flows. 

Will today’s labor market reports from the U.S. and Canada extend USD/CAD’s downtrend? Check out this Fib retracement trade and see if you can make pips from the setup!

Risk sentiment flipped quickly to negative during the U.S. trading session, and with risk assets (including oil) down big, the fall in CAD/JPY is one to watch for short-term pips. 

A lack of fresh market catalyst sent the dollar higher across the board during the Asian session. Can dollar bulls drag AUD/USD to a key support level?