Market News

The British pound was the biggest loser of the week as the odds of a no-deal Brexit rose with each passing day. 

The euro sees red at the Friday close while the Swiss franc beats out most of the major in a subdued week of trading, likely driven by the steady stream of Brexit negotiation developments.

It was a mellow week for Loonie traders as there were few catalysts moving the markets overall. Counter currency moves was the main driver for Loonie pairs, which closed mixed on Friday for a net loss.

The New Zealand dollar beats out most of the majors in a subdued week of trading. It likely benefitted from counter currency weakness and a slight lean towards positive in risk sentiment to close Friday net green.

Volatility was low for the Aussie, but it benefitted from a slight risk-on lean in global sentiment and a net positive round of Australian economic updates to take the top spot at the Friday close. 

The Japanese yen traded sideways with most pops of volatility mainly influenced by the other major currencies and risk sentiment.

The comdolls left the other major currencies eating dust today as commodity prices rocketed. So, with the Brexit deadline looming, will GBP/NZD provide legit opportunities?

GBP/NZD sellers came out of the woodwork, breaking a major support area. Is there more room to run or is a bounce ahead? 

Thinking of trading the ECB decision today? Here’s a simple trend setup I’m seeing on EUR/USD.

Watching the trend lower in GBP/AUD as the odds rise of a no-deal Brexit. 

The ECB is up this week! Will Lagarde and her team level up their stimulus game? More importantly, how will the markets react?

With not a lot of major data releases on tap, London session traders will have their eyes on any and all Brexit updates. Will we see significant moves from Cable today?

The short-term down trend in AUD/CAD may pick up soon with potential catalysts coming from Australia and the oil inventory data. 

Breakdown alert! Guppy busted out of its short-term consolidation pattern but might still pull back for a quick retest.

Sterling volatility picks up on Brexit developments, making GBP/JPY one to watch for potential intraday and short-term moves. 

Start your trading prep with a review of last week’s price action and an overview of catalysts coming up. I’ve got some chart setups to keep tabs on, too!

Uncle Sam won’t be printing a lot of economic reports this week, which means that dollar traders could take their cues from other catalysts.

The BOC is up this week! What are markets expecting and how might the Loonie react?

There’s not much in the way of major catalysts from the U.K. this week, leaving traders to pay closer attention to Brexit updates.

This week could be an exciting one for euro pairs since the ECB will be announcing its policy decision. Here’s what market watchers are expecting.