Market News

The European currencies had another free-for-all, with the Swissy eventually coming out on top, likely because of the risk-off vibes. Meanwhile, the Greenback quietly continued to bleed out in the background.

Sterling edged higher on Monday after posting its biggest jump in four months on Friday on a media report that the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the trading bloc crushed short positions.

Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” due to surging U.S. production.

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 this week.

The Greenback took a beating across the board this week. Will it get knocked down again this week? Here are possible catalysts for its price action.

NAFTA concerns kept the Loonie on the defensive last week. What are possible catalysts for its price action this week?

Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.

The dollar had another bloody trading session as traders continued to price in central banks normalizing their policies. Meanwhile, Kuroda’s not-so-dovish remarks boosted the yen higher.

The dollar languished at three-year lows against a basket of currencies on Monday, while the euro stood tall on investors’ hopes that European Central Bank policymakers could be poised to further trim their monetary stimulus.

Upbeat ECB minutes drove the euro higher against most of its peers in the previous week, and this might be enough to sustain the climb even with hardly any additional catalysts lined up.

The positive vibes surrounding PM May’s cabinet reshuffle faded for the pound for the most part of the week, but it got a fresh boost later on. Can this momentum be sustained?

Last week the yen clobbered its counterparts when the BOJ made teeny tiny changes to its bond purchases. Which themes can move the low-yielding currency this week?

No major news from New Zealand this week, so we have to pay closer attention to trends for Kiwi’s major counterparts. Which events should we watch out for?

A lot of the Aussie’s moves last week centered around economic releases, so y’all better pay attention to this week’s lineup! Here’s what’s up for the comdoll.

Canada welcomes the suggestion by U.S. President Donald Trump that the deadline for concluding talks to modernize NAFTA could be extended beyond the end of March, Foreign Minister Chrystia Freeland told reporters on Friday.

Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.

Sterling on Friday rocketed to its highest level against the dollar since the vote to leave the European Union in mid-2016, after a report that the Netherlands and Spain were open to a softer Brexit deal for Britain.

The morning London session saw a battle royale between the pound, the euro, and the Swissy. There can be only one champion, however. And in the end, it was the pound that came out on top.

Benchmark Japanese government bonds edged down on Friday, though superlong maturities rose after a 40-year auction met with solid demand.

China’s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum as the government extends a crackdown on financial risks and factory pollution.