Market News

Can Kiwi bulls extend their rallies this week? Here are potential catalysts you need to be aware of!

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

The Greenback ends as a net loser on the week, only able to make gains against the other “safe haven” majors as market players went into risk-on mode. 

A net positive performance for GBP despite net negative economic updates from the U.K. & difficulty with Brexit talks; it’s likely the price action in Sterling pairs were mainly influenced by global risk sentiment.

Global risk sentiment was the main driver for EUR & CHF net negative week, but we did see some love for the euro after the bigger-than-expected stimulus efforts from the ECB.

Even with the latest BOC rate statement & Canadian jobs, the Loonie was mostly mixed, mostly moving on global risk sentiment & counter currency flows. 

NZD took the top spot this week thanks to another solid round of positive risk sentiment sparked by the reopening of the global economy.

The Aussie was nearly unbeatable as positive global risk sentiment continus, and with a little help from better-than-expected Australian data.

It was a tough one for yen bulls this week as positive risk sentiment was the main driver to send JPY lower

The euro has been on a tear in the past trading sessions, but can it hold up against the Loonie with risk appetite kicking in?

EUR/JPY is seeing some action today, sparked by the latest ECB meeting. Is the uptrend still intact or will the bears start to take control? 

The ECB will be under the spotlight today! Think Lagarde and her team can extend the common currency’s intraweek gains against the dollar?

The Aussie has been on a tear against Sterling lately; will today’s bounce higher in GBP/AUD draw in more sellers?

The Swiss GDP is up for release in the next trading session, so I’m counting on a bit more volatility for this franc pair. 

AUD/JPY has seen a lot of action this week, & it doesn’t like it’ll end soon with more potential catalysts coming from Australia, China and Japan within the next session. 

Now that the big shots of the EU already had a quick huddle about the deets of their Recovery Plan, I’ve got a neat summary of what you need to know.

Now that more economies are starting to reopen, traders could go back to pricing in fundamental concerns. Will Brexit and stimulus headlines move EUR/GBP today?

The Reserve Bank of Australia’s latest interest rate decision will be coming very soon, likely to light a fire for short-term Aussie fireworks.

Start your trading prep with a review of last week’s price action and an overview of catalysts coming up. I’ve got chart setups to check out this week, too!

Weak data and geopolitical tensions weighed on the dollar last week. Can this week’s set of closely watched reports change the tides for the Greenback?