Market News

The Coronavirus scare boosted JPY to Profitsville last week. Can the bulls maintain their momentum this week?

Positive data got nothin’ on Coronavirus scare last week! Can Aussie bulls recover some of their losses this week?

Unlike last week, New Zealand will be printing top-tier economic data this week. Which ones should you watch out for?

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

The Coronavirus outbreak story was the main driver for USD, overshadowing a busy week of mixed U.S. economic data & the latest FOMC statement.

Sterling closed out the week at the top spot thanks to the Bank of England holding off from cutting interest rates as expected a few weeks ago.

Both EUR & CHF were net winners this week as global risk aversion pushed traders into lower-yielding / safe haven assets on Coronavirus fears.

With no major catalysts from Canada, Loonie traders moved off of global risk sentiment and counter currency flows. 

With no catalysts from New Zealand this week it was all about the Coronavirus story, which drove traders far away from “risk assets” like the New Zealand dollar.

Coronavirus fears had the Aussie seeing mostly red at the end of the week, despite some positive data from Australia. 

Japanese yen bulls saw almost nothing but green this week as Coronavirus fears had global traders fleeing to safe haven assets. 

With markets still focused on the coronavirus outbreak, I’m looking at this pullback opportunity to catch the AUD selloff against the euro.

Checking out AUD/JPY once again as the bears remain strong in the current risk-off environment, & ahead of more economic updates from Australia, China & Japan. 

The BOE is up today! Here’s why I’m looking at GBP/JPY for a potential trade over the next trading sessions.

EUR/USD has been on a solid run lower this week…will the latest monetary policy statement from the Fed keep it going or turn it on its head? 

The Bank of England is scheduled to make their policy decision this week, and some are expecting a cut to be announced. Will they or won’t they?

There’s not much in the way of top-tier reports in the London session, so I’m looking at this textbook break and retest play as inflection points could hold.

Top tier scheduled events ahead from both Japan & Australia makes the consolidation on AUD/JPY one to check out!

Coronavirus concerns continued to rock the markets today, which is why I’m setting my sights on a potential retracement on NZD/USD’s chart.

Kicking off the new week with huge risk-off vibes stemming from Asia, which puts the strong momentum in AUD/USD at the top of the watchlist.