Market News

A dovish RBNZ and fresh lockdowns in the region weighed on the Kiwi last week. Can the bulls gain some of their pips back this week?

U.S. data were arguably net positive this week, but its likely traders were selling USD on the failure to get a U.S. stimulus deal done, as well as the rising pace of new COVID-19 cases and deaths in the U.S.

Without a major catalyst, it looks like GBP moved more with broad risk sentiment over the negative economic updates from the U.K. 

EUR & CHF ended up as net winners, likely due to a combination of continued improving European sentiment & late week global risk aversion sentiment.

CAD rode early positive economic updates from around the globe to a total win against the other major currencies. 

No love at all for the Kiwi this week thanks to another lockdown in New Zealand and the possibility of a negative interest rate policy from the RBNZ grows. 

Mixed performance with a net negative lean for AUD this week as coronavirus related headlines likely outweighed risk sentiment & a positive Australian jobs update. 

Japanese economic updates were arguably net positive, but JPY was a net loser on the week, influenced more by positive global risk sentiment and counter currency flows.

I’ve got my eyes on this simple uptrend correction setup on the 1-hour chart of EUR/JPY today. Think buyers are ready to return soon?

AUD/NZD bulls have been on a solid run higher, which may still have room to run depending on the upcoming data from New Zealand, Australia and China. 

With not a lot of major data on the docket, I’m setting my sights on a possible wedge on USD/JPY’s chart. What do you think?

AUD/JPY makes it to the top of the watchlist as it breaks out of a consolidation pattern ahead of top tier data from Australia. 

I’m seeing this neat reversal pattern on the short-term chart of EUR/USD. Will it break below the neckline in the next few hours?

Checking out the trend lower in NZD/CAD ahead of a top tier catalyst from New Zealand coming soon. 

Heads up, Aussie traders! The Land Down Under is gearing up to publish its employment numbers for the month of July.

The U.K. is printing its labor market data today! Can the numbers push Guppy’s uptrend above a key resistance level? Here’s a setup that I’m looking at!

To start the new week, we’re looking at USD/CAD as it retests a strong consolidation area after a downside break. Will the bears hop in again 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.

Uncertainty over the officials’ monetary and fiscal policy responses kept a lid on the dollar’s volatility last week. Think we’ll see more action in the next few days?

Canada won’t be printing top-tier reports this week, so traders will likely take cues from other market themes. Which catalysts should you watch out for?