Market News

This week was a rare net positive one for USD, possibly supported by better-than-expected U.S. business sentiment data & net positive economic updates. 

After positive U.K. updates lifted Sterling early, Brexit uncertainty & negative commentary from BOE members sent GBP lower to a mixed ending against the other majors.

Net negative week for both the EUR & CHF, mostly driven by broad risk sentiment and an arguably disappointing updates from Europe.

Positive economic & business sentiment updates from Canada helped CAD close the week as a the top dog, countering a mid-week fall in oil prices.

Positive risk sentiment and counter currency flows helped the Kiwi overcome falling commodity prices and net negative economic updates.

AUD was hit with a steady stream of disappointing economic updates from Australia to close out Friday as the worst performer among the major currencies. 

With no major events from Japan, the Japanese yen was mixed and choppy this week, driven mainly by broad risk sentiment and counter currency flows. 

Will today’s labor market reports from the U.S. and Canada extend USD/CAD’s downtrend? Check out this Fib retracement trade and see if you can make pips from the setup!

Risk sentiment flipped quickly to negative during the U.S. trading session, and with risk assets (including oil) down big, the fall in CAD/JPY is one to watch for short-term pips. 

A lack of fresh market catalyst sent the dollar higher across the board during the Asian session. Can dollar bulls drag AUD/USD to a key support level?

Is there an opportunity to play the uptrend in AUD/USD at better prices after the pullback, or does the Greenback have legs for further upside? 

With not a lot of market-moving reports on the docket, traders will likely focus on the dollar’s latest trends. Will EUR/USD bulls push for another retest of the 1.2000 handle?

The weak Dollar theme continues to reign supreme, so we’re checking out this simple technical setup on USD/CHF for a short-term play. 

EUR/JPY is knocking on a key resistance area! Will the Eurozone’s PMI reports inspire an upside breakout for the pair? Here’s what I’m looking at.

Lots of data ahead could mean a pick up in volatility for currencies, and at the top of our watchlist is AUD/JPY with multiple catalysts to watch from Australia, Japan & China. 

It’s NFP week, yo! Can labor market numbers turn things around for the Greenback? Check out the potential catalysts that might affect the dollar’s price action this week!

The Loonie gained pips against the safe havens but lost to the rest of its counterparts last week. Will Loonie bulls extend their gains this week?

Not a lot going on in the U.K. this week, which means the pound could take its cues from its major counterparts.

The euro and franc danced to the tune of risk sentiment and countercurrency flows last week. Will this week’s releases inspire directional trading for the European currencies?

Another week, another chance to trade the safe haven! Will the yen continue to strengthen on the back of PM Abe’s resignation?