Market News

The U.S. dollar ended the week mixed but net negative in a week filled with lots of Fed speak and historically bad U.S. economic updates. 

The British pound was a big net loser on the week thanks to both no-deal Brexit fears and disastrous U.K. economic updates.

The euro and franc saw nothing but red as another fresh round of horrific business sentiment & economic updates from Europe had traders running.

The Canadian dollar saw a lot of green this week despite awful Canadian economic updates, likely riding higher on oil’s recovery and improving global risk sentiment. 

The Kiwi nearly takes the top spot, riding the net positive risk sentiment wave higher at the end of the week.

The Aussie takes the top spot on positive Australian economic updates, and positive global risk sentiment as global lockdown restrictions begin to ease. 

With Japan on holiday for most of the week, yen price action was mainly influenced by counter currency flows and global risk sentiment. 

Looking to steer clear of the Greenback during the NFP release? Here’s a non-dollar pair you might wanna trade instead!

Top tier catalysts and volatility may hit USD/CAD ahead of the weekend, making the recent momentum lower & minor area of interest retest one to watch for the next session. 

In the next few hours we’ll have not one, but TWO closely watched data releases on tap. How will they affect Cable’s prices? Here’s a setup that I’m looking at.

We’ve got AUD/USD at the top of the watchlist today as it consolidates ahead of potential catalysts from Australia and China!

With a leading jobs indicator due from the U.S. later in the day, traders could start pricing in expectations for this major release.

The upcoming NZ jobs update could be a market mover for the Kiwi, making this consolidation pattern on NZD/USD one to watch for short-term pips!

The April jobs report should give a better picture of how the pandemic affected the labor situation. Better not miss this one!

Risk-taking was the name of the game during the Asian session. Will a German Court ruling prevent the euro from hopping on the risk train?

We’ve got a top tier catalyst for the Australian dollar coming soon, making the bearish pullback in AUD/USD one to watch for some short-term pips. 

Start your trading prep with an overview of catalysts lined up next. I’ve got chart setups to check out this week, too!

It’s NFP week, yo! What are markets expecting from the event and how can you trade the dollar? I’ve got the nuggets that can help you make pips from the scrilla this week!

Canada’s labor market numbers will be under the spotlight! What are markets expecting and what other events can affect the Loonie’s price action?

The BOE decision is the main event on the U.K. economic calendar for this week. Here’s what market watchers are expecting.