Market News

Will recent consolidation in AUD/USD lead to a breakout on upcoming Australian inflation data?

Whattup, news traders? If you’re hoping to catch a big catalyst this week, stay tuned for the U.S. advance GDP release on Thursday 1:30 pm GMT.

Asian markets were hit by profit-taking as traders brace for top-tier releases coming up this week. Here’s why I’m looking at NZD/USD today!

With no major catalysts directly ahead, the momentum higher in EUR/USD is one to watch 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.

The Fed is up this week! Can Powell and his team help ease the Greenback’s losses? Or will their decision accelerate the dollar’s downtrends?

Another week, another chance to trade the Loonie! Where do you think the comdoll is headed in the next couple of days?

A number of mid-tier releases are lined up from the top eurozone nations this week. Can these push the shared currency in a single direction?

There’s not much in the way of top-tier releases from the U.K. this week. Will this mean a slow one for GBP pairs or are there other catalysts to look out for?

Risk aversion pushed the yen from its lows last week. Will this week’s market themes extend its upswings across the board?

Aside from a quarterly CPI report, Aussie traders can look forward to China’s PMI releases this week. Can Aussie see strong directional moves in the next couple of days?

No major data release from New Zealand this week, which means that traders will focus on overall risk appetite in the markets.

I’ve rounded up FOUR mechanical forex strategies right here to see how they performed recently. Take a look!

No love for the USD as U.S. economic data was arguably net negative, COVID-19 cases continued to rise, & the next needed U.S. stimulus deal remained uncertain. 

Mixed but net positive week as traders weighed in Brexit uncertainty against improving UK data and increasingly negative global risk sentiment.

EUR & CHF started off weak, but a highly anticipated EU Recovery Fund deal & global risk-off vibes pushed both currencies to the top spots for the week.

CAD was a net loser thanks to weak CA economic updates early in the week & a shift in global risk sentiment back to negative.

No major catalysts from NZ this week, so NZD’s mixed, net negative performance was driven mainly by global risk sentiment moves & counter currency flows. 

The Aussie took off to the upside after Tuesday’s RBA events, but it wasn’t able to hold onto it dominance starting on Thursday as broad risk sentiment flipped negative. 

A swift turn in broad risk sentiment towards negative wasn’t enough to help JPY overcome the early week positive risk vibes &net losses against the other major currencies.