Welcome to a fresh NFP trading week, forex friends! Here are major areas of interest and potential catalysts for the major dollar pairs this week!
1-Hour Charts of the Majors
Purple Line: weekly open prices (WO)
Blue Line: weekly highs and lows (PWH, PWL)
Red Line: top and bottom weekly ATRs (tWATR, bWATR)
Blue MA: 100 SMA
Red MA: 200 SMA
1. NFP-related reports – What’s an NFP week without fanfares over NFP speculations? With last Friday’s U.S. GDP keeping the dollar bears at bay, all eyes will be on this week’s NFP and jobs-related reports to see if Yellen and her team could still make rate hike part 3 happen this year. Think the reports will drag the dollar lower across the baord?
2. RBA and BOE statements – If Lowe’s recent speeches are any indication, then it’s very likely that the RBA will use this month’s meeting as a chance to jawbone their currency some more.
Meanwhile, the BOE will get a chance to follow up on their hawkish rhetoric when they publish their decision on a Super Thursday. Make sure you keep your eyes glued to the tube!
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