Market News

Uncle Sam isn’t the only one printing labor market numbers this week! Let’s take a look at Canada’s release and see if you can make pips from the event.

After kicking the year off with a record-breaking run in January, the forex industry followed through with yet another strong performance last month. And that’s with fewer trading days, too!

The previous session’s risk-friendly theme carried over to the Asian session and pushed high-yielding currencies higher.

The dollar held steady versus the yen on Tuesday, supported by receding fears about a trade war stemming from U.S. President Donald Trump’s proposed tariffs on imported steel and aluminum.

Bank of Japan Governor Haruhiko Kuroda said the central bank won’t end its ultra-loose monetary policy until its inflation target is met, seeking to dispel lingering market speculation it could dial back stimulus earlier than expected.

U.S. President Trump’s plans to impose higher tariffs on steel and aluminum imports encountered some pushback from politicians and business owners, easing fears that a trade war could ensue.

U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the country, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday.

The pound found buyers before and after the U.K.’s services PMI report was released. The Loonie, meanwhile, was initially mixed but found sellers across the board late into the session when Trump woke up and began tweeting.

Italy’s eurosceptic League claimed the right to lead a new government on Monday, telling investors they should have no fear of it taking office after an inconclusive election gave its center-right alliance the largest bloc of votes.

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.

President Trump and Fed Governor Powell dominated headlines and the dollar’s price action last week. Will economic reports become the biggest movers this week?

Though the Loonie reacted to Canada’s reports, it was Trump’s updates that REALLY hurt the comdoll last week. What are possible catalysts for the currency this week?

Resurfacing Brexit jitters hit sterling hard around the middle of the previous week and PM May’s speech did little to shore it back up. Can economic data save the pound this week?

Can the euro hold on to its gains for another week? We’ve got the ECB decision on the docket, so the forex action could heat up by then!

It was a busy start to the week for Asian session traders, as they continued to price in Trump’s tariff decisions AND political developments in the euro region over the weekend.

China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said Monday.

Asian investors dumped shares and drove to the safety of the yen and gold on Monday amid fears of a global trade war and worries of political uncertainty in Italy, risks that cloud the outlook for world growth.

The BOJ’s policy decision is up this week! Will Kuroda try to temper the yen’s gains by jawboning it? Or will he shrug it off in favor of instilling confidence in the central bank’s policies?

Looks like we’ve got a pretty big week ahead for the Aussie! Which catalysts could influence the comdoll’s price action? I’ve got a list!

Risk sentiment might have moved the Kiwi around last week, but we also saw that New Zealand reports could affect its price action. What’s in store for the comdoll this week?