Market News

Between OPEC+ members’ meeting and Uncle Sam’s weekly initial jobless claims, I think we’ll see volatility on USD/CAD’s charts today. Here’s a setup that I’m looking at.

With risk sentiment swinging positive and oil taking a hit on inventory data, this consolidation breakout on AUD/CAD is one to watch for quick pips or possibly even a swing trade. 

It’s still a pretty light day in terms of economic data, so I’m gonna stick with this technical play on USD/JPY.

CAD/CHF just broke above a strong resistance area, but flipped back to the downside after bad PMI data. Are sellers jumping back in on the reaction or will the bulls continue their gains?

There aren’t a lot of top-tier reports scheduled during the London session, but it’s possible that Cable could be looking at a short-term reversal. Here’s a setup that I’m looking at!

We’ve got the latest interest rate decision coming soon from the RBA, making this range on AUD/JPY one to watch for the session. 

Start your trading prep with a quick review of the latest price action and an overview of catalysts lined up next.

Not a lot of top-tier reports are scheduled this week, which opens the dollar’s price action to broader market themes.

OPEC members are meeting this week! Will it help the Loonie? Or will their decisions drag the comdoll down across the board?

The euro slid lower against its forex counterparts on account of downbeat mid-tier data and worsening outbreak numbers last week. Any chance to bounce this time?

Sterling chalked up a mixed performance last week as counter currency action came in play. Here’s what you should look out for next.

Japan has a couple of lowe-tier reports on tap this week! Can the yen extend its gains with this week’s potential catalysts?

Will the Aussie see another round of risk aversion this week? Or will the RBA’s decision help the comdoll gain back some pips?

A shortened trading week means traders have to pack in all the action in the next few days! Check out catalysts that might move the Kiwi.

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

USD reigns despite negative economic updates from the U.S. It’s likely traders were moving back into Greenbacks on a mix of risk aversion sentiment & the continued issues with U.S. dollar funding. 

Mixed performance for GBP as traders worked off the usual global risk aversion sentiment, counter currency stories & net negative updates from the U.K.

No love for the euro and franc this week after a dreadful round of European business sentiment and economic updates.

Volatile week for CAD as it moved with the roller coaster ride in oil prices, along with being heavily influenced by counter currency flows & global risk sentiment. 

Negative economic updates & rhetoric from New Zealand, paired with continued negative global risk sentiment put the Kiwi in near last place against the majors for the week.