Market News

We’ve got a simple setup on today’s watchlist in AUD/JPY, which has channeling lower over the past week, ahead of PMI data from Japan and Australia.

Crude oil is still deep in the red, which could mean more risk-off flows and downside for the positively correlated Canadian dollar.

Today we’re checking out a solid uptrend in USD/CAD, likely supported by the recent oil crash headlines & weak economic updates around the world.

Nope, it ain’t a glitch on your charts! Crude oil prices really slipped to negative territory this week, and here’s what you need to know about it.

The U.K. is about to publish its labor market numbers! Here’s why I’ll be looking at EUR/GBP in the next couple of hours.

AUD/USD is forming a potential consolidation setup on the one hour chart; will the upcoming RBA minutes and speech from Governor Lowe get the pair to break out?

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

A mix of catalysts caused topsy-turvy price action for the dollar. Will we see a more consistent trend with this week’s catalysts?

Weak economic and oil prospects dragged the Loonie lower last week. Can this week’s catalysts turn things around for the comdoll?

It’s all about flash PMI readings from the euro zone economies once more, giving a better idea how the region is reeling from the COVID-19 outbreak.

The focus could shift to top-tier U.K. reports and Brexit negotiations with the EU this week, but will these give sterling a much-needed lift?

Risk aversion pushed the yen higher last week. Can the bulls keep their momentum given this week’s catalysts?

RBA’s Lowe will be giving a speech this week. Can he influence AUD’s intraweek trends this week?

A lack of economic data left the Kiwi vulnerable to risk sentiment last week. Will we see the same trends this time around?

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

USD was a choppy mess thanks to Fed speak, weak U.S. data & coronavirus updates, but USD bulls were able to hold on for a net win.

With a quiet UK calendar, GBP put in a mixed but positive performance on counter currency flows and shifting global risk sentiment. 

EUR & CHF were net losers on negative economic data & commentary from Europe, as well as counter currency flows & global risk sentiment being more positive this week.

CAD closed as a net loser on Friday, taking hits from multiple angles including a big drop in oil prices, more stimulus from the BOC, & another round of weak economic updates Canada. 

A rough start to the week for Kiwi bulls, prompting a drop too big to overcome with the end-of-week global risk rally on coronavirus therapy hopes.