Market News

With inflation updates from Australia and consumer sentiment updates from Europe, EUR/AUD could be a potential mover in what is likely a quiet session ahead.

We’ve got consumer confidence data coming in from the U.S. today, and this could be a nice short-term catalyst for this dollar pair.

Keeping simple today with this short-term technical setup on AUD/JPY, ahead of potential economic catalysts from Japan and China.

There are no major economic reports scheduled today, which means that traders will play the existing market themes as well as the closely-watched events scheduled in the next few days.

It’s gonna be a busy one for the dollar, as Uncle Sam is gearing up for the FOMC statement, advanced GDP release, and core PCE price index.

CAD was the top dog, not only rising with the recovery from covid-19 fears, but also likely on rising oil prices as traders forecasts tightening supplies. 

Cable is hanging out at a strong area of interest, and the upcoming U.S. flash PMI releases might spur a big move. Will the support-turned-resistance level hold?

The U.S. session is light on data releases today so I’m looking to the ECB’s event and overall risk sentiment for EUR/AUD’s price direction.

With the ECB’s event coming soon, we’re checking out this simple technical setup on EUR/JPY ahead of what could be a very volatile session for the euro. 

I’m looking at another potential short Loonie play since crude oil continues to take hits. Will this area of interest on CAD/CHF hold?

AUD/JPY hits the top of the watchlist for the Asia and London sessions as traders may see continued volatility with economic updates ahead from both Australia and Japan.

There aren’t a lot of data releases in the next couple of hours, which points to the major currencies extending their intraweek trends. What do you think of USD/CAD’s uptrend?

Will EUR/AUD bulls continue the upside break with the economic events ahead from both Australia and Europe? 

The lack of top-tier releases over the next few hours might just be enough to keep Cable inside its range. Do you think this support level would hold?

The main events for this week include the ECB decision and eurozone July PMIs. Here’s what market analysts are expecting and what I’m looking to trade.

NZD broke from the risk-off trend to take the top spot among the majors this week thanks to a hawkish move from the Reserve Bank of New Zealand. 

Uncle Sam is printing its retail sales numbers! Will the dollar stay within its short-term range after the event?

I’m seeing upbeat data from Australia and China, so this pair might be due for a bounce off its symmetrical triangle support soon.

GBP/AUD’s tight range may be broken soon with the latest employment updates from both Australia and the U.K. right around the corner.

It’s a big U.S. session trading for both the Loonie and the dollar today, so I figured we should set our sights on USD/CAD’s short-term uptrend.