Pip Diddy

Mixed but net positive week for USD as traders moved between the bearish Dollar theme, the FOMC minutes, and euro weakness at the end of the week.

Choppy week for GBP as traders moved back & forth between Brexit headlines, counter currency flows, and improving UK data.

EUR & CHF moved lower this week, possibly on news of rising coronavirus cases/lockdown speculation and disappointing European business sentiment data.

Choppy run for Loonie traders, but ultimately a net positive one as the bulls were likely leaning on gains in oil prices and net positive data from Canada for most of the week.

After an early week bounce, the Kiwi continued to feel the pressure from recent speculation of negative rates possibly coming to New Zealand down the road.

After a positive start, AUD fell against most of the majors this week, driven by some risk-off vibes from geopolitical and economic growth concerns.

JPY took an early but small lead against the majors and held it all the way through the weekend in what was a mostly quiet week of across the major currencies. 

With data ahead from both the U.K and Japan, will we see momentum pick up in Guppy or will the support and resistance levels hold once again?

Checking out EUR/USD for the session as traders pullback from the recent uptrend. Will the upcoming FOMC meeting minutes bring back the bulls?

A pick up in volatility could be coming to AUD/CAD soon with Canadian inflation data ahead, making the pair one to watch as it sets up several different technical arguments.