Weekly market outlook

EURAUD Struggles to Keep High Ground The euro is facing strong headwinds as the block struggles to come up with a concerted rescue plan. Calls for joint bonds to finance coronavirus-related policies have met resistance from Berlin, which…

GBPJPY Rebounds Amid Economic Concerns The pound sterling went into a stiff sell-off as Britain grapples with its colossal public health crisis. As the economy is coming to a virtual halt amid the COVID-19 outbreak, the Bank of England cut…

EURAUD Shoots Above 10-year High The euro has enjoyed a stellar rise against most major counterparts thanks to a combination of fundamental catalysts and technical breakout. The single currency has been sought after as the fallout from the…

USDJPY Rises on Potential Japanese Stimulus The Japanese yen fell sharply last week amid renewed concern that Japan could be on the brink of a recession. Speculations run high that the Bank of Japan may roll out further monetary stimulus…

Trade of the Week GBPCAD Struggles to Rally Higher The British pound is in a recovery mode after Bank of England Governor Carney’s dovish comment last week. Speculations run rife that the central bank will cut rates this year, even…

Trade of the week EURUSD Struggles to Push Higher A relatively calm week ahead data-wise as traders leave for a well-deserved Christmas on Wednesday. We would expect the euro to pull back for lack of a significant catalyst. Some…

Trade of the week: GBPAUD Keeps Calm and Moves Up Prime Minister Boris Johnson’s landslide victory may finally bring an end to the Brexit deadlock. In their biggest election win since Margaret Thatcher’s 1987 triumph, the Conservatives…

Trade of the Week EURAUD - On A Steady Rebound It's a big week ahead for the euro as volatility will pick up at the ECB meeting on Thursday. In her first press conference as the new ECB president, Christine Lagarde is expected to…

The week ahead is quiet and short for the US markets. Thanksgiving on November 28th will see a slowdown in trading volumes as traders head into a long weekend. Among other high ticket items this week, Canada will be releasing its monthly…