FX Weekly Recap: July 17 – 21, 2023
Risk aversion dragged NZD to the bottom of the forex heap this week. Meanwhile, strong U.S. data inspired hawkish Fed bets and pushed USD higher.
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Risk aversion dragged NZD to the bottom of the forex heap this week. Meanwhile, strong U.S. data inspired hawkish Fed bets and pushed USD higher.
Read MoreEscalating tensions in Ukraine and resilient economic data from the major economies got traders pricing in higher interest rates and risk aversion.
Read MoreWe’ve got Canada’s retail sales figures comin’ right up, so I’m looking at this potential trend play on USD/CAD.
Read MoreSurprisingly strong Australian labor data and lowkey Chinese government stimulus measures boosted AUD earlier today. Will the AUD-buying lead to AUD/CAD breaking its downtrend?
Read MoreLooking for more opportunities to trade the news this week? Here’s another potential catalyst for GBP pairs!
Read MorePersistently high inflation data from New Zealand boosted NZD earlier today. Does this mean that AUD/NZD’s short-term rally is over?
Read MoreCan the RBNZ resume its tightening cycle anytime soon? The upcoming New Zealand quarterly CPI release might have some clues!
Read MoreYooo CAD/CHF is knocking on a short-term resistance level ahead of Canada’s CPI report! Will bears rush to sell CAD today?
Read MoreReady for another round of U.K. CPI data? Here’s what the upcoming release might mean for the BOE’s policy path and GBP price action.
Read MoreThe RBA is about to drop its latest meeting minutes! Will the event extend AUD/JPY’s downswing?
Read MoreThroughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.Larry Hite