Market News

After a couple of weeks of light data, the euro could steal the forex show this week as the ECB gears up for its policy decision.

The BOJ is up this week! What are markets expecting from the event? Check out the market themes that may affect the yen’s intraweek trends!

New lockdown measures did NOT do the Aussie favors last week. Can we see some recovery for the comdoll in the next few days?

Major currencies are in for a busy economic calendar and the Kiwi is no exception. Check out the catalysts that might affect the comdoll this week!

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

No love for USD this week as improving economic data & positive coronavirus therapy news suppressed demand for the safe haven currency.

The British pound took the top spot this week despite continued Brexit & coronavirus pandemic uncertainty. New stimulus plans was the likely catalyst to bring the bulls back.

The euro came out net positive, likely on improving economic updates and growing optimism as the European opens the economy back up.

CAD was the biggest loser of the week, likely on a sour Canadian business outlook & expectations of a historic federal budget deficit.

It was a net gain for the Kiwi despite a lack of major catalysts, likely due to counter currency flows and broad risk sentiment mostly leaning positive throughout the week. 

Counter currency drivers & risk sentiment made for a mostly choppy week for AUD. Ultimately, it was a net losing week on news of rising coronavirus cases & Australia locking back down. 

Improving Japanese data & a late week turn in global risk sentiment helped JPY close the week in the green before the Friday close. 

The London session is light on potentially market-moving economic releases, so I’m looking ahead to Canada’s jobs data and its possible impact on USD/CAD.

With a top tier catalyst ahead from Canada, we’re looking at a technical setup on CAD/CHF for potential pips into the weekend.

Will Canada print stronger labor market numbers for the month of June? Here are points you need to know if you’re trading tomorrow’s event.

I’m keeping my eye on this pair for another trading session as resistance seems to be holding well. Take a look!

With risk sentiment in positive territory & potential catalysts from Australia & China ahead, the uptrend in AUD/USD is one to watch for the next session. 

New lockdown measures in Australia weighed on the Aussie while stimulus prospects supported the pound during the Asian session. Will these themes push GBP/AUD above a key resistance in the next few hours?

Checking out CAD/JPY for the session as volatility picks up, and ahead of potentials catalysts from upcoming oil and Japanese data. 

With a few mid-tier catalysts on the euro zone’s docket, I’m counting on a bit more action for this currency pair. Japan printed downbeat results in the earlier session, which could mean that this uptrend on EUR/JPY could carry on.