Market News

After a Monday pop traders went sour on the Greenback once again, likely pushed lower on positive risk sentiment fueled by improving economic data and expectations of more stimulus coming.

Counter currency weakness, risk sentiment and better-than-expected U.K. inflation numbers were likely the main drivers for Sterling net positive week.

EUR & CHF closed net positive this week, likely on the better-than-expected economic & sentiment data from Europe, as well as positive rhetoric from the ECB.

The BOC gave CAD a boost mid-week, but disappointing employment data from Canada was able to deflate bullish sentiment ahead of the weekend. 

After gains mid-week on positive broad risk sentiment the Aussie was sent lower on disappointing retail sales data from Australia to close as a net loser.

Positive global risk sentiment and better-than-expected consumer inflation data from NZ were the likely drivers for the bullish move in the Kiwi this week. 

JPYbears won out the week as Japanese data disappointed on net and despite some positive commentary from the Bank of Japan. 

It’s PMI day for the European economies but I have a feeling that London traders will look to market sentiment for direction. Are you also seeing this “breakout” on Cable?

We’re checking out EUR/USD today as we may get one more potential shot of volatility for the euro ahead of the weekend. 

Anyone up for trading the euro ahead of the ECB decision? Here’s a potential setup you might wanna look into!

Checking out AUD/JPY ahead of top tier catalysts from both Australia and the Bank of Japan. Will it bring in the bulls or bears on this Fibonacci setup? 

The majors are in for a busy day with U.K.’s CPI, Biden’s inauguration, and BOC’s statement due in a few hours! Here’s why I’m looking at GBP/USD for a short trading opportunity.

Checking out the range on AUD/USD as the pair drifts to the bottom ahead of potential catalysts from both Australia and the U.S. this week. 

The BOJ is publishing its first decisions this year! That means you gotta read up if you have or are planning to open yen positions during the event!

I’ve got my eyes on this potential risk-off play while markets remain wary of political protests leading up to Biden’s inauguration.

Volatility could pick up for the comdolls with economic updates from both AU & NZ ahead. Will it bring in more traders to ride the trend higher in AUD/NZD?

Start your trading prep with an overview of catalysts coming up. I’ve got some chart setups to keep tabs on, too!

It’s Trump’s last days as POTUS! Will we see a smooth transition? More importantly, how will traders react to this week’s likely crazy headlines?

The BOC is up this week! Will the event inspire one-directional moves for the Loonie? Or will the comdoll take cues from its counterparts again?

Pound pairs might be off to a slow start this week before the economic calendar action picks up later on. Here’s what’s coming up!