Market News

Aussie traders are in for a busy week! With the RBA and GDP releases scheduled, you’ll definitely want to keep your eyes peeled for intraweek trends.

Risk-taking made Kiwi the top boss last week. Will the same economic themes move the comdoll this week?

USD closed lower for the week thanks to expectations, and ultimately the announcement, that the Fed would changes to inflation targeting policy.

With a light week of U.K. headlines & economic updates, GBP was mainly influenced by broad risk sentiment and counter currency flows to a net positive performance.

With a lack of major catalysts from Europe, both currencies were mainly influenced by broad risk sentiment and counter currency flows. 

It was a tough week for the Canadian dollar, likely falling on disappointing economic updates and central bank commentary from Canada.

NZD rode positive risk sentiment, counter currency weakness, & positive pandemic related headlines higher to be the top currency throughout this week.

AUD was able to beat nearly all challengers this week with the help of broad risk sentiment leaning positive and on counter currency flows.

The Japanese yen was under pressure from the start, likely on net negative updates from Japan and broad risk sentiment drifting positive all week. 

EUR/AUD made strong moves lower on the session thanks to fresh catalysts, but will the upcoming European data be enough to keep the momentum going? 

Spotted interesting momentum in EUR/CAD. Can the pair the next support level or is the a short-term opportunity for the bulls? 

With markets generally leaning risk-on, the pop higher in CAD/JPY one to watch for short-term pips, especially with oil inventory data ahead. 

A very quiet start to the week for the currency markets, but we may have a solid short-term setup in EUR/JPY ahead of economic sentiment updats from Germany. 

This week, eyes will be on Fed Chairman Powell for clues on the next step in monetary policymaking. Meanwhile, Congress is no closer to making a deal than it was weeks ago.

There aren’t a lot of data releases scheduled in Canada, so traders will likely focus on the monthly GDP and BOC members’ speeches.

The U.K. is in for a light data week, which means focus could turn to Brexit and countercurrency headlines. Which market themes should you pay attention to over the next couple of days? Here’s a short list: Lower-tier economic releases CBI realized sales (Aug 25, 10:00 am GMT)seen jumping from 4 to an index reading …

Will the euro and franc continue to lose their shine against their major counterparts this week?

A relatively quiet week and a bit of risk aversion worked in the yen’s favor last week. Let’s see if we can get more volatile price moves with this week’s major market themes!

With no interest rate changes expected from the RBA for the next few years, demand for the Aussie will depend on overall risk appetite.

Rate cut speculations and negative risk sentiment did not do the Kiwi favors last week. Can this week’s potential catalysts turn things around for the comdoll?