Market News

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?

Traders have been hungry for more risk these days, allowing NZD/JPY to make an upside break from consolidation. Think the pair could pull back to gather more bullish energy?

We’re checking out GBP/USD to start the new week as the pair takes a step back from its recent uptrend. Will the bulls buy back in soon? 

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!

It’s Thanksgiving week, yo! Will dollar bulls have something to be thankful for in the next few days?

Canada won’t be printing any significant economic data, so the Loonie will likely take its cues from crude oil prices and global sentiment.

Pound pairs staged quite the comeback last week on upbeat U.K. data, but can the U.K. currency hold on to its gains for the next few days?

ECB easing expectations drove the euro lower last week, and the upcoming PMI releases could add fuel to the fire.

A light data week for Japan means extra focus on risk sentiment as the yen’s mover. Ready to trade the yen as a safe-haven?

Not a lot of top-tier reports from Australia, which means traders will likely look to risk sentiment for direction. Which potential catalysts should you watch out for?

Looks like Kiwi traders still take cues from risk sentiment. While we wait for new catalysts, though, check out the themes that might affect the comdoll’s prices!

It was all red for USD as a worsening pandemic in the U.S. & weakness in U.S jobs, retail sales & inflation data may have been the driving factors.

After a sour start to the week for Sterling on Brexit uncertainty, GBP bulls were able to close out a choppy week net green, possibly on positive U.K. retail sales data & a slight improvement on Brexit deal expectations.

EUR & CHF were net losers, likely driven by rising expectations of more stimulus coming from the ECB (as hinted by ECB members all week) & net negative economic updates, most notably, falling producer & consumer prices. 

CAD traders were battling between global risk sentiment, positive Canadian updates and rising oil prices to close out what was a mostly choppy, mixed week as a net loser.

NZD took the top spot this week, likely on the recent shift away from negative rate speculation & on counter currency weakness.

AUD turned out a mixed performance as traders balanced global risk sentiment against positive Aussie jobs & falling expectations of negative rates from the RBA. 

The Japanese yen nearly takes the top spot this week, finding support as global risk sentiment stayed mostly negative all week. 

Bounce or break? This pair is testing a key inflection point and could be due for either a continuation or reversal of the trend soon.