Market News

We won’t see the retail sales report until the end of the week, so stimulus and election updates will likely dictate the dollar’s trends until then.

Rising oil prices pushed the Loonie into a slow and steady uptrend last week. Can the bulls maintain their momentum this week?

The clock is ticking for EU and U.K. negotiators as their October 15 deadline looms. Will we see some form of a deal this week?

The euro remains resilient despite the ECB sharing its concern for a strong euro and consideration for further stimulus. Will this week’s releases cause retracements for the euro?

A U.S. stimulus talks and overall risk sentiment sent the yen all over the place last week. Can the safe haven find a clearer direction this week?

Aussie traders are in for a busy week as Australia prints its labor market reports, RBA’s Lowe takes center stage, and China releases a bunch of top-tier reports.

Rate cut talks rained on the Kiwi’s parade last week. Can the bulls find some momentum this week?

USD was a big loser on rising positive risk sentiment, stemming from continued hopes of a stimulus package, as well as positive updates on COVID-19 treatment. 

With no major Brexit breakthroughs or top tier economic updates from the U.K., it was a choppy, low volatility week for the British Pound.

Better-than-expected business sentiment data gave the EUR & CHF an early lift, enough to weather net negative economic updates, Brexit uncertainty & counter currency flows.

CAD was the top major this week, benefitting from a broadly risk-on vibe & rising oil prices, while ignoring mostly disappointing economic updates from Canada. 

The Kiwi dollar had trouble finding any love despite risk-on vibes from the financial markets, indicating it was likely counter currency flows & continued rate cut speculation that held NZD down.

AUD took a beating after the latest Australian government budget report but was able to recover due to hopes of a new U.S. stimulus deal coming soon.

JPY came in as the biggest loser as risk sentiment swung positive, likely due to traders pricing in high hopes of more stimulus coming to help the global recovery. 

Stimulus talks energized Asian session bulls today and pushed higher-yielding bets higher against the safe-haven dollar. Will the risk-friendly trading environment extend to London session trading?

Today we’re checking out the bearish momentum in the Kiwi through AUD/NZD, we could see more volatility with Australian and Chinese data ahead. 

Central bankers will be under the spotlight in the next few hours as officials from the BOE, SNB, and BOC make speeches while the ECB publishes its latest minutes. Here’s why I’m looking at EUR/NZD for possible trading opportunities.

Canada will print its labor market numbers for September. Planning on trading the event? Here are the points you need to know first!

USD/JPY  hits the top of our watchlist after a clear resistance break & ahead of commentary from the Federal Reserve this afternoon. 

The major currencies traded on tight ranges during the Asian session as traders wait for a fresh catalyst. Today I’m looking at EUR/JPY possibly extending its short-term uptrend. Here’s what’s up!