Market News

We’re checking out AUD/USD after positive risk vibes sparks a Greenback selloff. Will the move continue for the next session or two?

A busy economic calendar did not translate to volatility during the Asian session. Will GBP/CHF see more action with the U.K.’s final GDP release? Here’s a setup that I’m looking at.

Will the upcoming U.S. Presidential debate bring buyers or sellers to EUR/USD as it bounces from its current short-term downtrend? 

Ready for some European currency action? Check out EUR/GBP’s downtrend and see if you can make pips from today’s catalysts!

Sterling took an unexpected jump to start off the new trading week, & with volatility likely to stay high as Brexit headlines continue, we’re checking out both bull & bear setups in GBP/USD for potential short-term pips. 

Start your trading prep with a review of last week’s price action and an overview of catalysts coming up.

It’s a busy week for the dollar, which will see the big NFP report, a Presidential debate, and tons of FOMC members under the spotlight.

With not a lot going on in Canada, you can bet your neighbor’s cat that Loonie traders will have their eyes on countercurrency price action instead.

A wage subsidy plan helped stem the pound’s losses last week. So, what will happen when pound traders focus on Brexit this week?

Concerns over a messy Brexit and a fresh wave of COVID-19 infections have put the pressure on the ECB to up its stimulus efforts. Can Lagarde’s speech help the euro this week?

The yen started on a strong note but ended up in Chopsville late last week. Will we see a one-directional movement in the next few days?

Talks of an RBA rate cut and worsening pandemic prospects dragged the Aussie lower across the board. Let’s see if this week’s catalysts can erase some of the comdoll’s losses

A dovish RBNZ and fears of a second wave of infections and slower economic growth around the world weighed on the Kiwi last week. Can the bulls get some of their pips back this week?

The U.S. dollar finally makes its way back to the top spot after months of weakness as traders look to the Greenback for safety as COVID-19 cases spike & recovery hopes fade.

It was a net positive week for the British pound after positive U.K. economic updates and officials offered hope on Brexit.

Despite broad risk sentiment being generally negative all week, both the euro and Swiss franc were net losers as traders likely focused rising COVID-19 cases, rising odds of lockdowns returning to Europe, and continued Brexit uncertainty. 

With a lack of major news from Canada, risk sentiment & counter currency flows were the main drivers for the Loonie’s mixed performance this week.

Big hit to Kiwi on both risk sentiment moving further negative on rising pandemic fears, and another hint of a potential move to negative interest rates from the RBNZ.

An ugly week for the Australian dollar as broad risk sentiment soured due to rising pandemic fears, negative comments from RBA officials and negative economic updates from Australia. 

JPY bulls were net winners as the negative lean in global risk sentiment on pandemic & economic slow down fears drove traders to safe haven currencies all week.