Pip Diddy

The RBA is kicking up the month, yo! Ready to trade the Aussie for another week? Check out the potential catalysts you need to know about.

Top-tier reports from New Zealand and its major trading counterparts will keep Kiwi bulls and bears on their toes this week. Which market themes should you pay attention to?

Another rough week for USD as the FOMC event, uncertainty with the next U.S. government stimulus, and increasing coronavirus fears continued to weigh on the Greenback.

GBP easily took the top spot this week among the major currencies, riding higher on counter currency weakness & improving U.K. economic updates.

EUR & CHF were once again net out performers as the bulls took advantage of counter currency weakness and uncertainty with the global growth outlook as coronavirus cases rise.

Late week positive Canadian data and shifts in broad risk sentiment couldn’t save the Loonie from a net under performance against the major currencies.

It was a light news week from NZ, so its likely that risk sentiment & counter currency flows were the main driver for NZD’s under performance. 

Despite negative updates from Australia, counter currency flows and broad risk sentiment were likely drivers for the Aussie’s mixed performance.

A strong week for JPY until it took a turn for the worse after comments from Japanese officials sparking intervention speculation.

Japanese officials have been in jawboning mode recently, so I’m looking at this short yen play that’s gaining some momentum.