Market News

Conflicting market sentiment pushed the yen to a mixed week against its counterparts last week. Will we see one-directional trends for the safe haven this week?

Positive U.S.-China trade updates kept the Aussie afloat for most of last week. Can this week’s list of potential catalysts push the comdoll higher?

The RBNZ is up this week! What can you expect from the central bank and how can the Kiwi react?

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

Nothing but a sea of green for the Greenback thanks to positive U.S.-China trade sentiment, & better-than-expected economic updates from the U.S. 

The British pound was mixed but finished as a net loser, likely on negative updates from the economic, policy, and political fronts.

Both the euro and franc were net losers on the week as U.S.-China trade developments mostly stayed positive to push traders out of the two non/negative-yielding currencies. 

The Loonie came out as a net winner on Friday, benefiting from positive geopolitical news, & enough to counter bearish Canadian economic data at the end of the week. 

Nothing but a sea of red for Kiwi pairs, likely on the weaker-than-expected update from New Zealand employment report to likely push up the odds of another RBNZ rate cut. 

AUD bulls put out a strong showing this week on a not-so-dovish RBA statement and mostly positive sentiment on the U.S-China trade war front. 

JPY was under pressure for most of the wee as U.S.-China trade optimism lifted global risk sentiment. And despite a last minute run when the geopolitics turned sour, it wasn’t enough to change the yen’s fate as a net loser against the majors.

With trade negotiations between the U.S. and China making a bit of progress today, I’ve still got my eye on this AUD/JPY channel and a fresh set of entries.

With risk sentiment on the upswing & potential catalysts from Australia & China coming soon, this channel pattern on AUD/JPY is definitely one to watch!

Looking to trade the Loonie this week? You might catch some volatility right around the release of Canada’s jobs report this Friday.

The BOE is up in a few hours! Check out why the central bank event could set EUR/GBP up for a potential trend continuation.

This strong technical setup in AUD/NZD may be one of the best ways to play any potential volatility from upcoming Australian economic updates.

It’s a relatively light economic schedule for the London session, with low-tier leading indicators possibly setting the tone for EUR/CAD price action.

NZD/USD seems to have one of the best technical setups for both the bulls and the bears to play the likely volatile upcoming New Zealand employment update.

Not a lot of top-tier reports scheduled during the London session, but a U.K. release could inspire a breakout on GBP/JPY’s triangle pattern.

A potentially busy day ahead for AUD with the latest rate statement from the RBA, as well as Australian data coming soon.