Market News

Mixed but positive week for the euro on weak economic updates vs. semi-positive Brexit rhetoric, while the franc clawed back from negative territory after global geopolitical risk flares up on Friday!

The Canadian dollar had a choppy week, but ended up net negative as surprise geopolitical events that sent the Loonie and oil sliding lower into the weekend.

No love for the Kiwi this week despite a string of arguably net positive updates from New Zealand, likely culprit due to continued expectation of further cuts, and a fresh round of global risk aversion sentiment that went into over drive on Friday. 

The Aussie dollar spent much of the quiet week in slightly positive territory until fresh U.S.-China trade war developments sent the Aussie into the red against the other major currencies. 

Big snoozefest for the Japanese yen this week, but that all changed on Friday as the U.S.-China trade war snapped back to the forefront to send traders to safe haven assets.

Time to check out NZD/CAD as the pair breaks a major psychological level ahead of top tier events from both New Zealand & Canada. 

It’s time for the monthly global PMI updates, which could get this sleepy market action in EUR/AUD moving to break this simple bearish technical pattern.

We’ll get the latest consumer inflation data from Canada soon, making this range pattern one to watch on CAD/JPY!

What’s the deal with this week’s Jackson Hole Summit and why should forex traders care? Here are points you need to know!

We’re seeing a counter trend move in AUD/CAD that could have legs with potential catalysts coming soon from both the RBA and Canadian manufacturing data. 

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.

Here’s a list of potential market movers for the dollar. Clue: they’re not all data-related. Check it!

Looks like the Loonie managed to recoup some of its losses in the second half of the week. Can the bulls maintain their momentum?

Sterling took a breather from its slide as data came in mostly stronger than expected last week. Can it hold on to its gains this time?

Both the euro and franc paused from their rallies as a bit of risk appetite returned to the markets last week. Any chance they could recover this time?

An improvement in risk appetite dragged the low-yielding yen lower last week. Can the safe haven recover this week?

The Aussie recovered some of its weekly losses last week. Can this week’s catalysts push the comdoll in the green against its major counterparts?

Kiwi stayed on a downtrend last week despite a spike from a trade-related headline. Can the bulls make up for the losses this week?

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

Despite a busy week in the markets, NZD/USD has consolidated into a potential breakout play in the upcoming session. Will upcoming data be enough to get the pair out of its tight range?