Market News

USD price action was mixed as counter currency & geopolitical developments had a bigger influence on relative performance than U.S. economic updates.

Sterling took the top spot this week against the major currencies, supported by Johnson’s losing battle on Brexit, positive global risk sentiment & late week news of potential compromises on Brexit.

The euro & franc spent the week mixed ahead of the ECB event, but EUR bulls took control after the statement while CHF stayed pressured on rising positive risk sentiment.

The Loonie ended up in the red across the board on counter currency strength & as oil strength fades on rising supply/falling demand expectations.

The Kiwi spent most of the week in chop city, but ultimately fell into negative territory on counter currency strength and catalysts.

The Aussie comes out as a winner once again on positive U.S.-China trade developments & growing positive global risk sentiment.

The Japanese yen takes a bow to the rest of the majors once again as positive U.S.-China trade war developments continues to lift global risk sentiment. 

The ECB brought the boom to the FX markets today with its latest monetary policy decision, and with risk sentiment swinging positive, EUR/AUD looks like the pair to play into the weekend!

The highly anticipated European Central Bank monetary policy statement is right around the corner, which makes today’s breakout in EUR/USD one to watch. 

Heads up, euro traders! The ECB statement is comin’ right up, and word on the forex street is that some form of easing might be announced. Here’s my intel.

Will the upcoming Aussie,  Chinese and U.S. data give the bulls legs to keep the rally going, or is it time for the bears to take back control?

Starting off the new week with a look at Cable, which has seen bullish support over the last month. Will that run continue with the help of U.K. unemployment right around the corner? 

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.

Easing market concerns and weak U.S. economic data weighed on the dollar this week. Can this week’s catalysts turn the tides for the Greenback?

Canada’s data calendar is relatively light this week. So, which catalysts can move the Loonie this week?

Downbeat economic data and the possibility of further easing weighed on the euro and franc in the previous week. This time, we’ll hear from the ECB themselves.

What should we expect in the upcoming Brexit drama this week? And will there be any economic reports that could steal the spotlight? Here’s what’s up.

Japan is set to see tons of lower tier economic data this week! Which ones can move yen’s prices?

Aussie bulls made pips rain last week. Can they keep the party going this week?

Not a lot of data action going on in New Zealand this week. That means y’all gotta pay attention to other factors!