Forex: Weekly Review NZD/USDOANDA:NZDUSDjohnelfedforexblogOverall sentiment has been positive ever since the market jumped on 'relatively dovish' comments from FED member WILLIAMS. And the positivity remained throughout the week starting Monday 1 December, backed up by another string of 'softish' US data and the (likely) incoming appointment of HASSETT to replace FED chair POWELL. (The theory being Hassett will push a dovish agenda). The potential spanners in the works could be the upcoming FOMC meeting, is the market over exuberant expecting a rate cut? Will chair POWELL have one more hawkish twist in him?. And although subsided for now, AI bubble concerns still simmer in the background. For now, I'll begin the new week looking for 'risk on' trades, the risk to any trade could be 'lackluster movement' ahead of Wednesday's decision. The week didn't pass without the odd hiccup, namely negative UKRAINE war comments keeping geopolitical concerns on the markets mind. And 'hawkish' BOJ comments combined with president TAKACHI walking back some stimulus comments (in an attempt the calm the Japanese bond market) gave the JPY bouts of strength. I reiterate that the sooner the BOJ hike and declare the end of the hiking cycle, the better, we will likely get bouts of choppy JPY movement until then. Following on from the previous week's positive CAD data, Friday's 'hot' Canadian jobs data keeps sentiment for the CAD bouyed, as ever, the risk to any CAD long trades would be its penchant for tracking the USD and oil. On a personal note, it was a week of two trades, CAD JPY long which stopped out very quickly, aside from 'only' using a 15min stop loss, I could only surmise sentiment took a brief hit from Putin's negative comments. Wednesday's NZD USD long took an age and was eventually closed for a small profit, the fact I was still in the trade during Fridays 'hot' CAD data meant I had to sit that one out. Missing out on a trade due to already being in one does occasionally happen and is just something we have to accept. I being the new week with a tentative 'risk on bias'. But with four central bank decisions, it could be a week of twists and turns ahead.