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Risk-taking took a step back during the Asian and early European sessions as traders brace for potential market-moving events this week. Will the U.S. traders extend the risk-off vibes?
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The spotlight is on the central banks this week! The BOJ, FOMC, SNB and BOE will all be making their monetary policy decisions, and here’s what’s expected.
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USD & JPY were the top dogs this week as forex traders seemed to have leaned risk-off on continued pandemic uncertainty & negative headlines out of China.
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Bounce or break? I’m seeing a potential short-term reversal pattern on Cable, but this could shape up to be a range play also.
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We’re seeing Uncle Sam’s retail sales numbers today! Will the release help traders decide on a bias ahead of next week’s FOMC event?
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New Zealand’s latest read on economic growth is right around the corner, making NZD/JPY one to watch for potential volatility and short-term technical setups.
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This pair is still stuck in consolidation, but the upbeat U.K. CPI and the upcoming Canadian inflation data might spur a breakout.
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GBP is on the move & that’s not likely to stop with the latest U.K. inflation data coming soon. Will this bring GBP/JPY to retest a major support area & draw the bulls in once again?
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Uncle Sam is printing its inflation numbers today so I figured you won’t miss the chance to trade the Greenback. Will the release finally break USD/CHF’s range?
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We’ve got a simple technical setup on GBP/AUD lined up for the watchlist as upcoming Australian and U.K. economic updates may get the pair moving very soon.
Read MoreUnless a man undertakes more than he possibly can do, he will never do all that he can.Henry Drummond