Market News

Sterling took a pounding last week on the U.K. government’s slow coronavirus response. Does it have a chance to recover this time?

Japan has a couple of lower tier reports on tap! Which ones are you willing to day trade?

RBA’s big moves translated to monster (read: horrific) price action for the Aussie last week. Can this week’s catalysts provide some relief?

New Zealand is printing its trade data this week! Can it provide retracement and opportunities for the Kiwi in the next couple of days?

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

A U.S. dollar funding crisis and fears of an economic collapse had traders grabbing as much Greenbacks as they could all week.

Sterling takes a pounding this week, another victim of the extreme risk aversion sentiment set off by the rising probability of a global economic collapse if the world goes into lockdown mode.

EUR & CHF came out mixed this week as the usual risk sentiment drivers played its role of pushing both higher, falling only to USD & CHF in very rough week for investors.

Mixed week for CAD as risk sentiment screams negative to push the Loonie higher against the other comdolls / Sterling, while falling against the safe havens. 

NZD ends the week as a big net loser as the coronavirus pandemic begins raise economic concerns to crisis levels & prompt an emergency rate cut from the RBNZ.

The Aussie was dubbed the biggest loser of the week thanks to unprecedented actions from the RBA & global risk sentiment reaching crisis levels.

The Japanese yen turns out another net positive week as global risk aversion sentiment reached crisis levels to prompt FX traders to run to the safe havens.

Today’s Canadian retail sales release got me looking at USD/CAD possibly extending its uptrend after seeing a retracement. What do you think?

Another short-term opportunity to play the downtrend in GBP/USD after the BOE cuts rates again?

Market watchers don’t seem to be buying into the recent stimulus efforts being unveiled, so risk-off flows might still keep favoring the yen.

Top tier catalysts ahead for both the Kiwi and Aussie makes the downtrend in AUD/NZD one to watch for the upcoming U.S. & Asia sessions.

With not a lot of top-tier data on tap, I’ve got my sights set on USD/CHF’s short-term uptrend. Here’s the setup I’m looking at!

One of the biggest stories out there in FX is the strength in the U.S. dollar, making the strong move in EUR/USD one to watch to potentially grab short-term pips. 

With trends going strong these days, I’m hoping to catch this simple bearish retracement setup on Guppy ahead of the U.K. jobs release.

Not just important for forex traders, learn how the Fed’s emergency rate cut affects interest rates for U.S. consumers with credit card debt, car loans, student loans and mortgages.