Market News

A net negative week for the British pound on continued net weak economic updates from the U.K. and a gloomy outlook from the Bank of England

The latest European PMI updates saved the euro from having a terrible week, while the franc benefited from counter currency weakness & geopolitical tensions

The Loonie was set to dominate this week, but the weak Canadian retail sales brought in the bears to lead the bulls into the weekend with modest gains.

Positive economic updates from New Zealand early in the week eventually gave way to continued RBNZ rate cut expectations and geopolitical risk

More weak Australian economic updates and signals of a rate cut needed by the RBA kept the pressure on the Aussie once again this week. 

Mixed week for Japanese yen pairs as counter currency flows battled the BOJ and other central bank’s dovish commentary, as well as their calls for potential stimulus ahead. 

A fresh downside momentum move in EUR/CAD is the setup to watch into the weekend as European PMI’s and Canadian retail sales could fuel the move lower.

GBP/USD has gotta be on today’s watchlist with the latest FOMC monetary policy statement just around the corner and the BOE following not too far after. 

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

GBP/CAD is sporting a simple technical setup ahead of  potential catalysts in the form of inflation updates from both the UK & Canada. 

Euro and Australian catalysts lay ahead, making this consolidation in EUR/AUD probably one of the best setups to watch to start the new week. 

Start your trading prep with a quick review of last week’s forex action, an overview of catalysts lined up for the major currencies, and the charts to watch.

Easing U.S.-Mexico trade tensions and a bit of risk aversion pushed the dollar higher last week. Which catalysts can affect its price action this time?

Canada is printing a bunch of top-tier reports this week! Question is, how will the Loonie react?

Both the euro and franc had a mixed run in the previous week, but will the upcoming catalysts set a clearer course? Here’s what to look out for.

There are plenty of top-tier catalysts lined up from the U.K. this week, so pound pairs might be in for a volatile one. Did we mention the BOE decision is coming up?

A pretty busy week for Japan’s calendar, which has trade balance, manufacturing PMI, AND a BOJ statement penciled in. Check it!

Can the Aussie prevent another slow and steady downtrend against its major counterparts? Check out this week’s potential market movers!

So, the Kiwi was at the bottom of the forex heap last week. Will the bulls get their mojo back with this week’s catalysts?

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