Market News

The ECB will be making its monetary policy decision this week ahead of the release of January flash PMIs. How might the euro react?

Can this week’s BOJ decision and Japan’s data releases extend the yen’s uptrend from last week?

Aussie traders are in for a busy week as Australia prints top-tier and closely watched data while China releases a data dump. Which potential catalysts should you focus on?

Kiwi bears got some pips in last week after a bit of risk aversion and profit-taking. Can the comdoll recover its losses this week?

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

Choppy week for USD, but overall, it was able to finish as a net winner as risk aversion sentiment remains elevated on the COVID resurgence & weakening economic updates.

Comments from BOE Governor Bailey sparked a GBP rally, which was able to hold despite negative economic updates from the U.K.

The euro was a big loser on the week as expectations of further lockdowns grew, sparked by news accelerating case counts across Europe, as well as signs that the coronavirus has mutated.

Another mixed week for the Loonie, and based on its relative performance, it’s likely the main driver was risk sentiment and counter currency flows. Oil was likely a driver as well as it lead the Loonie higher mid-week after news of Saudi Arabia’s plans to cut production likely brought in more bulls for both assets. …

NZD fell to the bottom of the rankings despite a few positive economic updates from New Zealand. It’s likely risk aversion was the main driver for the weakness, and possibly on fresh updates on the recent RBNZ hack. 

Global risk aversion was likely the main argument for the AUD moving lower this week, possibly sparked by the continued rising coronavirus cases and lockdowns. 

Rising COVID cases & renewed lockdowns brought in the risk aversion vibes this week, & was likely the main driver for the yen’s broad outperformance.

There are a few mid-tier reports lined up from the U.K. today, and downbeat results could allow this range resistance to hold. Where are pound bears hanging out?

Is the recent bounce in USD/JPY was another selling opportunity in the longer-term downtrend? 

The lack of data releases scheduled in early London session trading means that traders will take cues from overall risk sentiment for direction. Will NZD/USD trade in a new direction today?

With more Fed speak & potential economic catalysts from Australia ahead, we’re checking out the uptrend in AUD/USD for fresh short-term setups. 

A speech by ECB head Lagarde and the release of the euro zone industrial production report might be worth watching if you’re trading this pair today.

CAD/JPY hits the top of our list for the session as it consolidates ahead of weekly oil data. Will the latest oil numbers be enough to spark a breakout? 

Which countries are faring better than their peers when it comes to their response to the pandemic? Here’s what major economies are doing so far.

We won’t see major data releases during the early London session, so traders will likely look to broad market themes for direction. Will NZD/USD see more dollar strength?