Market News

Aussie traders are in for a busy week as Australia prints its labor market numbers while China releases closely watched manufacturing reports. Which market themes should you keep in mind if you’re trading the Aussie in the next few days?

The GDP report is up this week! Can the release inspire more volatility for the Kiwi?

It was a mostly quiet / low volatility week for the Greenback, finishing mixed and arguable net lower despite higher inflation data from the U.S.

GBP was the biggest loser of the week, knocked down by increasing odds of a no-deal Brexit. And it’s likely that the rising cases of coronavirus infections in the U.K. brought pressure to Sterling as well. 

EUR & CHF were beneficiaries of a negative leaning risk environment, & thanks to the European Central Bank, who wasn’t quite ready to talk down the euro’s recent strength.

CAD takes a broad fall this week as traders leaned negative on broad risk sentiment, the economic outlook, and on oil prices.

NZD was a quiet loser on the week, possibly on broad risk sentiment’s lean towards negative, net negative NZ data, & lingering speculation of negative rates coming from the RBNZ. 

With no major catalysts from Australia, AUD price action was driven mainly by global risk sentiment and counter currency flows in a low volatility week. 

Mixed week for the JPY, but ultimately closed as a net winner thanks to negative leaning global risk sentiment and counter currency flows. 

With no major market mover up ahead, will pound bears continue to weigh on GBP/USD? Here’s a setup that I’m looking at today.

Today we’re checking out GBP/CHF as the downside momentum seems to have picked up and the pair tests a major support area. 

EUR/GBP is under the spotlight today as the EU and U.K. representatives hold emergency talks over the latest Brexit drama. Oh, and then there’s that small thing about an ECB policy announcement.

The downtrend in GBP/CAD one to watch as volatility picked up in CAD after the latest monetary policy decision from the BOC, and as Brexit uncertainty continues to weigh on the pound.

A lack of fresh catalysts kept the major currencies contained in tight ranges during the Asian session. The BOC is up in a few hours, though. Think the event will spice things up for the Loonie?

If you’re hoping to grab some pips off the ECB monetary policy announcement this week, here’s what you should know about the top-tier event.

We’ve got strong momentum  on GBP/JPY but with the pair testing a strong support area, will the bulls jump in or will the bears find a way to keep the trend going?

CPI and PPI tops the list of potential economic catalysts from the U.S. this week, and as usual, traders will keep an eye out on the latest COVID-19 related headlines and stimulus bill progress.

Can Loonie bulls build on last week’s gains to extend the comdoll’s uptrends this week? Or will the BOC’s decision and risk sentiment drag it down?

With no top-tier report scheduled from the U.K., investors will eye any and all headlines related to Brexit negotiations. Check out the points you need to know if you’re trading the pound this week!

The ECB is up this week! Can Lagarde and her gang bring sexy back for the euro? I’ve got the deets on the potential market movers for the common currency in the next few days!