Pip Diddy

EUR & CHF ended up as net winners, likely due to a combination of continued improving European sentiment & late week global risk aversion sentiment.

CAD rode early positive economic updates from around the globe to a total win against the other major currencies. 

No love at all for the Kiwi this week thanks to another lockdown in New Zealand and the possibility of a negative interest rate policy from the RBNZ grows. 

Mixed performance with a net negative lean for AUD this week as coronavirus related headlines likely outweighed risk sentiment & a positive Australian jobs update. 

Japanese economic updates were arguably net positive, but JPY was a net loser on the week, influenced more by positive global risk sentiment and counter currency flows.

I’ve got my eyes on this simple uptrend correction setup on the 1-hour chart of EUR/JPY today. Think buyers are ready to return soon?

AUD/NZD bulls have been on a solid run higher, which may still have room to run depending on the upcoming data from New Zealand, Australia and China. 

With not a lot of major data on the docket, I’m setting my sights on a possible wedge on USD/JPY’s chart. What do you think?

AUD/JPY makes it to the top of the watchlist as it breaks out of a consolidation pattern ahead of top tier data from Australia. 

I’m seeing this neat reversal pattern on the short-term chart of EUR/USD. Will it break below the neckline in the next few hours?