Market News

Dollar traders are in for a treat with Powell’s testimonies and NFP-related reports keeping volatility alive for the Greenback. Planning on trading dollar pairs this week? Not until you know a bit about this week’s potential movers!

Loonie traders have a lot going for them this week with Canada’s data releases and a bunch of brewing market themes.

A bunch of low-tier reports are lined up from the eurozone while the Swiss economy has a couple of releases that might be worth watching.

Only a handful of low-tier reports are on the docket for the U.K. economy this week, but it might be helpful to keep tabs on these leading indicators.

Japan isn’t printing top-tier releases this week, which means yen traders will likely pay closer attention to safe-haven demand.

Aussie traders are in for a busy week as they price in top-tier releases that can affect the Aussie’s trends against its major counterparts.

Not a lot going on from New Zealand this week, which means Kiwi traders will likely take their cues from countercurrency price action.

Positive risk sentiment continues to be USD’s kryptonite, likely fueled this week by movement towards a new U.S. administration & continued positive vaccine news. 

Difficulties with Brexit negotiations was the likely main factor in Sterling’s broad move lower to a net negative week after an opening rally on Monday.

EUR & CHF were both net losers this week, likely driven by a positive lean in global risk sentiment, as well as bearish sentiment data from Europe early in the week.

Global risk sentiment was once again the likely main driver for CAD’s mixed performance, with rising likely helping the Loonie close net positive for the week.

NZD took the top spot once again, moving solidly higher on better-than-expected economic data from NZ, as well as positive commentary from monetary & fiscal policy officials. 

AUD was a big winner, moving higher on positive global risk sentiment, positive Aussie business sentiment data, and optimistic commentary from RBA officials. 

JPY was the biggest loser, & It’s likely positive risk sentiment was the major driver as traders leaned positive after another round of optimistic covid vaccine/treatment news.

A lack of fresh catalysts encouraged end-of-month profit-taking and some dollar weakness. Will today’s moves translate to a breakout on AUD/USD?

We might see some profit-taking ahead of the Thanksgiving holidays, and it looks like this inflection point on EUR/CAD could hold.

The down trend in USD/CAD is one to watch on the session ahead of the latest FOMC meeting minutes.

A lack of fresh catalysts pushed the major currencies into tight trading conditions today. AUD/JPY saw some action, though, and is even presenting a good retracement opportunity.

EUR/NZD bears have been in steady control this week, but will the downtrend continue with catalysts from New Zealand ahead? 

Did manufacturing PMIs really see “V-shaped” recoveries this year? What are recent reports telling us about the industry’s trends?