Pip Diddy

Net losing week for USD as traders priced in uncertainty with the latest U.S. government stimulus package, improving global economic data, & lots of  mixed commentary from Fed officials.

GBP saw a round of choppy, low volatility price action this week as traders battled between global risk flows, speculation of another lockdown in the U.K., BOE speculation & improving U.K. economic data.

An overall positive week for both EUR and CHF, likely supported by a round of  net positive economic and sentiment updates from Europe.  

CAD outperformed most of the majors this week as positive Canadian economic updates outweighed negative risk sentiment.

With a lack of major catalysts from New Zealand, it was pretty much a lackluster week for NZD in terms of volatility, which eventually ended as a net loser after Friday’s risk-off session.

AUD took the top spot this week as traders focused more on the improving economic updates over the pandemic worsening in Australia. 

It was a choppy week for JPY as improving economic updates from Japan mixed with pandemic worries, risk sentiment and counter currency influences. 

Both the U.S. and Canada are printing their labor market data! With the next trading sessions promising more volatility, I’m setting my sights on USD/CAD today. What do you think of USD/CAD’s downtrend?

Checking out the range pattern on EUR/USD ahead of a potentially busy ending of the week with U.S. jobs data ahead. 

The BOE statement just came out, and it looks like the announcement is enough to keep sterling afloat. Can this pair set its sights higher?