Market News

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. 

With no major data release on the docket, I’m keeping my eye out for risk trades like the one on AUD/USD’s chart. Are you looking at the setup too?

With Brexit uncertainty still in play and broad risk sentiment still in the negative, this box setup on Guppy is one to watch for potential short-term pips. 

High-yielding currencies took more hits against the Greenback during the Asian session. Will today’s releases and scheduled statements turn the tides for NZD/USD?

We’ve got both bullish & bearish opportunities on EUR/NZD to be on the look out for as the pair picks up in volatility after European PMI data & the latest RBNZ statement. 

It’s PMI day for the major European economies today! Here’s why I’m checking out GBP/NZD for potential trade opportunities in the next couple of hours.

We’ve got potential catalysts this week for the Greenback, so I decided to adjust my USD/JPY short trade to lock in further profit. 

No changes are expected from the RBNZ, but they have been known to surprise traders & spark some action in NZD, making NZD/USD one to watch as it consolidates.

We won’t see a lot of data releases in the next coupla hours, so the majors will likely take cues from overall risk sentiment. Check out why I’m looking at EUR/USD’s short-term range for potential trades today!

Risk sentiment is solidly negative to start the new week making this technical setup on USD/CAD definitely one to watch!

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

Powell and Mnuchin will talk pandemic stimulus in DC this week. Will their testimonies help or hurt the dollar?

Canada won’t be printing any potentially market-moving economic reports this week, so the Loonie will likely take its cues from crude oil and risk sentiment moves.

Brexit and BOE drama weakened the pound’s mojo last week. Will the bulls get their momentum this week?

Another busy week for the common currency! This time we’ll see tons of PMI reports from the Eurozone. Meanwhile, the SNB has an announcement scheduled.

Japan has a light economic calendar this week and you know what that means. Time to pay attention to headlines from other major economies!

Australia won’t be printing major economic reports this week, which means y’all gotta keep your eyes on its counterparts and risk sentiment if you want to trade the comdoll.

The RBNZ is up this week! Will the central bank event extend the Kiwi’s gains across the board? Or will it inspire some major profit-taking?

USD was mixed throughout the week, but closed as a net loser as weakening U.S. data & the idea of low rates for longer-term were the main drivers that kept the bears in control.