Market News

JPY & USD were the biggest losers this thanks to central bank sentiment and outlook, supported by the latest BOJ monetary policy statement & a busy U.S. calendar. 

Anti-Dollar & risk-on vibes played out across the financial markets, likely a continuation of themes driven by recent less hawkish central bank statements.

It’s a relatively quiet day in the forex arena, so I’m just keeping an eye for this consolidation play. Will EUR/USD bust out of its triangle soon?

Weaker than expected U.K. CPI triggered a sharp drop for the pound across the board. Can Cable sustain the move past this support zone?

The BOJ kept policy on hold as expected, causing the yen to sell off across the board. Can the upcoming Canadian CPI releases spur a pullback on CAD/JPY?

Dollar weakness seems to be the name of the game so far this week, but are traders simply bracing for another set of top-tier catalysts?

We’ve got a couple more major central banks scheduled to make their rate statements this week, plus a fresh batch of inflation readings and consumer spending data!

Monetary policy statements from 4 central banks brought the action for forex traders this week, including the Fed who sparked a lousy week for USD bulls!

All eyes were on the FOMC this week who signaled the possibility of rate cuts next year, slamming USD & bond yields deep into the red for the week.

Weak PMI reports did a number on the euro earlier today! How low can the common currency go against CHF before the bulls come back?

AUD/USD is struggling to make new highs after hitting a short-term resistance zone. How low will AUD/USD go before the bulls show up again?

If you’re planning on trading the dollar, then you’ll want to take a closer look at where USD/JPY is trading right now and what it could mean for its weeks-long trend!

Uncle Sam is about to drop its latest inflation reports! How will the release affect NZD/USD’s short-term downtrend?

It’s make or break for GBP/USD traders while the pair hangs out near a short-term inflection point! Will the pair extend its trend? Or are we in for a bullish reversal?

Risk aversion vibes dominated & with a potential BOJ policy shift, JPY easily took the top spot among the majors this week, followed by USD thanks to safe haven flows.

It was a battle between the slowing global growth outlook vs. potential rate cut narratives, with the former weighing the heaviest & leading to a strong week for USD

EUR/USD is bouncing from a potential support zone! Will the pair maintain its uptrend today?

NZD/USD has pulled back from its intraweek trend ahead of today’s U.S. session trading! Will the pair extend its downtrend? Or will we see an upside breakout today?

GBP/CAD just bounced from a trend line support ahead of the BOC decision! Will the pair stay inside its triangle consolidation? Or will today’s events force a technical breakout for the pair?

If you’re looking for a way to trade the U.S. dollar ahead of today’s U.S. data releases, then you’ll want to take a closer look at EUR/USD’s downtrend!