Lots of potential movers this week, and no, I’m not talking about Bitcoin’s $10,000 mark. Here are potential catalysts and inflection points that could affect the major dollar pairs!
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. Tax talk – Word around the hood is that your favorite President will be meeting with Senate Republicans to discuss their tax plan. In addition, Treasury Secretary Mnuchin is scheduled to give a speech tomorrow where he’ll likely talk more about the subject. Think these events will fire up dollar bulls across the board?
2. Central banker speeches – One look at my forex calendar tells me that we’ll hear from BOC’s Poloz, BOE’s Carney, RBNZ’s Spencer, and a number of FOMC members including Yellen and incoming Fed head Powell. Who’s perky about the economy and who are iffy about the “temporariness” of low inflation? Let’s see if we can piece the puzzle together!
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.