Market News

Start your trading prep with a quick review of last week’s forex action from my buddy Pip Diddy, an overview of catalysts lined up for the major currencies, and the charts to watch this week.

The dollar lost pips across the board despite positive trade developments last week. Can the bears extend the downtrend this week?

Much like the other comdolls, the Loonie danced to the tune of risk sentiment last week. Which events can influence the currency this time?

Another batch of PMI readings are up for release from the euro zone this week while the franc has a few medium-tier reports to contend with.

Now that the U.K. general elections are over, is sterling set for a relief rally? Or are there other catalysts to look out for?

Trade-related improvements dragged the safe haven lower last week. See if this week’s catalysts can turn things around for the bulls!

AUD’s price action rode the waves of risk sentiment last week. Can this week’s top-tier releases inspire one-directional price moves?

Kiwi bulls weren’t able to maintain their lead last week. Can this week’s events push the comdoll higher?

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

After a mixed start the Greenback took a turn towards negative after the FOMC drops their latest outlook on the possibility of future rate hikes.

Sterling bulls clearly come out as this week’s FX winners after the Conservative Party wins big time in the U.K. general election. 

Both currencies out performed early week on net negative global risk sentiment, but biases diverge on EUR & CHF after a few geopolitical shocks hit on Thursday.

With a lack of top tier events from Canada, it was all about geopolitical and counter currency influences for the Loonie this week, ending up as a net winner at the Friday close.

NZD closes the week as a net loser as the bulls weren’t able to maintain the late week rally sparked by top tier geopolitical catalysts from the U.S.-China trade story. 

The Aussie managed to ride the wave of positive global risk sentiment higher, as well as fall with it on Friday to end the week on a net negative note. 

Positive global risk sentiment once again pushed JPY lower as a the geopolitical environment quickly improved at the end of the week.

The pound’s jump across the board got me looking at EUR/GBP’s short-term downtrend. What do you think of this setup?

Ready to trade one of the last top-tier releases this week? Here are points you should know about Uncle Sam’s retail sales report!

With the polls in the U.K. about to close soon, I’m expecting a bit more volatility that could trigger this setup on GBP/AUD.

Today’s quiet session could turn noisy very soon with the latest FOMC statement ahead. Will it get noisy enough to break USD/JPY out of its consolidation?