The overall forex moves this were tame
There was a good flow of news and events over the past five days after a few weeks of rock-and-roll trading the market mostly lacked big directional moves this week.
The two exceptions were the Australian dollar and pound. Jobs were the common theme.
The Aussie rally was instantaneous on the strong jobs data while the pound slowly crept higher after a good employment report.
The euro had been in the midst of a bit of a rebound but it was washed out in today's 90-pip decline.
What are you looking for in the week ahead?
I'm expecting to see CAD weakness. There's just no way it can continue to hold up with oil under so much pressure.