Market News

My dude Powell is up this week! What are markets expecting? More importantly, can he influence the dollar’s broader trends?

Canada won’t be printing market-moving data this week, which means that the Loonie will likely dance to the tune of its counterparts.

There are no major reports due from the euro zone and Swiss economy this week, so traders could continue to keep close tabs on pandemic-related updates.

Sterling has been gaining ground on the success of the U.K. vaccine rollout, but will upcoming data shake things up? 

Not a lot of top-tier releases from Japan this week, which means that yen traders will likely take their cues from market risk sentiment.

We only have mid-tier data to look forward to in the Land Down Under, but that doesn’t mean we’ll see snoozers on the Aussie’s charts.

The RBNZ is up this week! Will the central bank’s sentiments extend the Kiwi’s rally?

I’ve rounded up FOUR mechanical forex strategies right here to see how they performed recently. Take a look!

USD was net red once again, despite a valiant effort from Dollar bulls on rising inflation/rates speculation, eventually falling on rising risk-on sentiment on pandemic recovery hopes.

GBP continued its rebound this week off of improving COVID numbers in the U.K. & comments from Bank of England members toning down negative rate speculation.

Traders were moving away from low-yielders/safe havens as the pandemic recovery trade continued, the likely main driver for net losses in both the euro & Swiss franc.

Loonie price action was mostly choppy as traders balanced a broad risk-on lean vs. mixed but arguably net negative Canadian economic updates. 

It was a mostly uneventful week for the Kiwi, but the bulls were able to manage solid gains against most of the majors going into the weekend.

The Aussie dollar takes the top spot once again, continuing its domination of the other majors during the pandemic recovery environment.

Yen bulls never stood a chance this week as the pandemic recovery themes drove traders away from the safe haven currency, despite arguably net positive economic updates from Japan.

With both the Eurozone and the U.K. printing PMIs today, I’m keeping close tabs on whether EUR/GBP can maintain its downtrend.

We’ve got potential catalysts ahead from Australia, making this range setup on GBP/AUD one to watch for both the bulls and the bears. 

No data? No problem! I’m looking at this simple trend setup on NZD/USD, and it looks like there’s good enough reason to go with the flow.

EUR/AUD has been in a solid short-term downtrend and with Aussie jobs just ahead, we’ve got potential setups for both the bulls and the bears. 

The U.K. printing its inflation numbers got me looking at Cable today. What do you think of GBP/USD’s short-term uptrend?