Market News

Thanks to optimistic geopolitical developments and the Fed taking action to support lending markets, USD loses its early lead as risk sentiment shifts very positive into the weekend.

After signs of a no-deal Brexit being the almost guaranteed outcome, Britain & Ireland surprise the markets to rocket GBP to the top spot among the major currencies!

Euro bulls held their ground despite disappointing economic data from Europe. The Swiss franc was trading with the euro until the big positive shift in risk sentiment sent CHF into loser status into the weekend.

Great week for Loonie bulls as positive geopolitical updates and news of another oil tanker event drove risk sentiment and oil prices up to support the Canadian dollar. 

With a lack of major catalysts from NZ, the Kiwi had a relatively quiet week. It’s movements were mainly tied with counter currency and global risk sentiment flows for a mixed performance result.

U.S.-China trade anxiety & weak AU economic updates had the Aussie under pressure, but news sentiment flipped in favor of the Aussie to help close the week as a net winner.

JPY comes out as a big loser as traders sold out of safe haven assets on a very positive stream of geopolitical headlines later in the week. 

With Canadian employment coming & global geopolitics shaking up the markets, could USD/CAD’s range behavior lead to a breakout soon?

With the usual Brexit & U.S.-China trade headlines rocking, ahead of top tier economic updates from the U.K., the downtrend in GBP/AUD is definitely something 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.

We’ll focus on GBP/USD as today’s fresh momentum from Brexit developments and negative risk sentiment may have legs into the next session.

Global risk sentiment is already on the move, and with economic updates from Australia, China and Japan ahead, these textbook technical setups on AUD/JPY are very appealing.

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 had a wobbly week last week thanks to a mix of domestic data and market risk sentiment. Which catalysts will move the Greenback this week?

Geopolitical and global growth worries dragged the Loonie to the bottom of the forex heap last week. Can this week’s catalysts turn things around for the comdoll?

Brexit continues to hog the spotlight in terms of pound price action… and for good reason! Here’s what’s coming up next.

A handful of medium-tier reports and the ECB minutes are all lined up for this week. How might the euro react to these?

Geopolitical and global growth concerns kept yen bulls busy last week. Can this week’s Japanese reports inspire retracements?

No high interest rates? No problem! Can Aussie bulls keep the bears at bay for another week this week?

Kiwi is in for a data light trading week! Can the bulls extend their gains from this week’s potential catalysts?