Market News

European shares traded higher on Monday morning with gains across bourses and sectors as focus gradually shifts from the earnings season to monetary policy and politics with Italy’s election on Sunday.

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 week promises to be another interesting one for the dollar with Uncle Sam printing PMIs and Fed Chairman Powell himself scheduled to make testimonies.

Looks like the Loonie took cues from both risk sentiment and Canadian data last week. Will the same thing happen again this week? Here are potential catalysts.

The ECB minutes didn’t do much to push the shared currency in a clear direction, so traders might turn to this week’s batch of catalysts. What’s in store for the euro and franc?

With no economic data on the docket, forex traders took on a bit more risk but continued to sell the Canadian dollar. What’s up with that?!

Sterling had a pretty stellar run over the past week despite weaker than expected economic reports. Can positive Brexit updates and hawkish BOE expectations keep propping the U.K. currency up?

The dollar slipped on Monday, losing some of its recent momentum as U.S. bond yields sagged, although moves were tempered by caution ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony.

Gold prices edged up on Monday after declining more than 1 percent last week, buoyed by a weaker U.S. dollar as investors waited for possible clues on the pace of U.S. monetary tightening.

The yen might have clocked in another positive week, but it was knocked off its top spot. What can move the lower-yielding currency this time?

The Aussie tagged its fifth consecutive losing week last week on the back of lower gold prices and a concerned RBA. What’s in store for the comdoll this week?

Overall risk aversion helped drag Kiwi lower and end its winning streak last week. Will this week’s reports bring back the bulls to its yard?

The European Central Bank has bought enough bonds so that it could retreat from further purchases without risking an unwarranted rise in longer-dated bond yields, ECB executive board member Benoit Coeure said on Friday.

Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will not pack the same punch.

Canada’s annual inflation rate cooled in January from a year earlier as consumers paid less for gasoline and vehicles, but firmer underlying prices were seen keeping the central bank on track to raise interest rates again later this year.

Oil slipped towards $66 a barrel on Friday as rising U.S. oil output and exports countered OPEC-led attempts to erode stockpiles with output curbs and a dip in Libyan production.

The pound price action was a bit wonky. Even so, it was the top-performing currency of the morning London session. The Swissy, meanwhile, was broadly lower, likely because of prevalence of risk appetite.

Risk-taking was the name of the game during the Asian session. Kiwi missed the memo, however, and dropped sharply against its major counterparts.

The dollar edged up against the yen and other currencies on Friday, trimming earlier losses, as global investors gingerly dipped their toes back into riskier assets amid rapidly shifting views on U.S. monetary policy.

China has suspended publishing its volatility index following the recent stock market rout, as regulators step up efforts to curb speculative trading and shore up investor confidence.