Market News

Kiwi fared a bit better than its counterparts last week. Can this week’s catalysts widen the lead?

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

Mixed week for USD thanks to U.S.-China trade headlines, but positive U.S. sentiment data brought in buyers to end the week strong against most of the major currencies.  

Sterling closed the week as a net loser after weak U.K. economic sentiment updates overtook prospects of stimulative policies from battling political opponents.

Mixed week for both the Euro & the franc, but both sank near the end after another round of net disappointing PMI data from Europe.

No love for the Loonie as geopolitical sentiment dragged oil & CAD to levels it couldn’t fully recover from, despite some positive comments from the BOC.

The Kiwi ends the week as a net winner despite a round of negative sentiment in the global trade story, suggesting counter currency flows/weakness were the biggest influence this week. 

Global risk aversion sentiment & net dovish updates from Australia had the Aussie spending most of the week in the red against the other major currencies. 

Trade tensions between the U.S. & China brought on a round of global risk aversion this week, supporting the Japanese yen in the process despite net positive news & data from Japan. 

The euro zone PMIs are up for release next, and strong results could support the idea that the region is due for a rebound. 

Another round of market sourness and upcoming data from both Australia and Japan makes this simple pattern on AUD/JPY one to watch going into the final few sessions of the week. 

BOC’s Poloz is up later today, and I think GBP/CAD is presenting a good opportunity in case we see volatility for the Loonie…

CAD/JPY makes it to the top of today’s watchlist as it forms a classic technical setup after another economic update from Canada.

Looking to grab some quick pips off a news event this week? The upcoming Canadian retail sales release could be a good chance to catch a Loonie setup!

I’m looking at this simple range setup on the 1-hour time frame of GBP/NZD to play the ongoing pickup in risk aversion stemming from the U.S.-China conflict. 

Checking out USD/CAD today after data hits the markets from both the U.S. and Canada. Will it be enough to provide short-term momentum to take some quick pips? 

RBA’s meeting minutes dragged on the Aussie earlier today. Can the bears sustain their momentum? Or will the next sessions’ catalysts push AUD/CAD higher?

Checking out this simple technical pattern on AUD/JPY to play today’s sour market mood and potential catalysts ahead for the Aussie dollar. 

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.

Dollar bulls and bears saw mixed price action last week. Can this week’s catalysts inspire one-directional moves?